REGISTERED NUMBER: 03352779 (England and Wales)

Fillpack Ltd

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K E Robinson

Mrs L Robinson

SECRETARY:

Mrs L Robinson

REGISTERED OFFICE:

Kenya Lodge

Laneside

Middleton-in-Teesdale

Barnard Castle

Co Durham

DL12 0RY

REGISTERED NUMBER:

03352779 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

758,476

636,411

758,476

636,411

CURRENT ASSETS

Stocks

49,646

143,064

Debtors

6

601,359

292,645

Cash at bank and in hand

604,626

589,481

1,255,631

1,025,190

CREDITORS

Amounts falling due within one year

7

369,868

253,183

NET CURRENT ASSETS

885,763

772,007

TOTAL ASSETS LESS CURRENT LIABILITIES

1,644,239

1,408,418

CREDITORS

Amounts falling due after more than one year

8

(17,489

)

(62,171

)

PROVISIONS FOR LIABILITIES

(134,207

)

(42,767

)

NET ASSETS

1,492,543

1,303,480

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

168,027

168,027

Retained earnings

1,323,516

1,134,453

SHAREHOLDERS' FUNDS

1,492,543

1,303,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by:

Mrs L Robinson - Director

1.	STATUTORY INFORMATION

Fillpack Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business on 1 August 1997 has been written off evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

50,000

AMORTISATION

At 1 August 2024

and 31 July 2025

50,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 August 2024

395,526

216,474

379,787

Additions

34,649

-

15,331

Disposals

-

-

-

At 31 July 2025

430,175

216,474

395,118

DEPRECIATION

At 1 August 2024

-

183,995

278,139

Charge for year

-

10,827

17,547

Eliminated on disposal

-

-

-

At 31 July 2025

-

194,822

295,686

NET BOOK VALUE

At 31 July 2025

430,175

21,652

99,432

At 31 July 2024

395,526

32,479

101,648

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2024

3,087

412,814

1,407,688

Additions

-

171,090

221,070

Disposals

-

(21,375

)

(21,375

)

At 31 July 2025

3,087

562,529

1,607,383

DEPRECIATION

At 1 August 2024

2,552

306,591

771,277

Charge for year

80

68,411

96,865

Eliminated on disposal

-

(19,235

)

(19,235

)

At 31 July 2025

2,632

355,767

848,907

NET BOOK VALUE

At 31 July 2025

455

206,762

758,476

At 31 July 2024

535

106,223

636,411

6.

DEBTORS

31.7.25

31.7.24

£

£

Amounts falling due within one year:

Trade debtors

207,220

114,083

Loan to Fillpack Holdings Ltd

200,000

-

Other debtors

38,613

33,491

Directors' current accounts

76,017

92,054

VAT

41,757

9,837

Prepayments

25,752

14,180

589,359

263,645

Amounts falling due after more than one year:

Other debtors

12,000

29,000

Aggregate amounts

601,359

292,645

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Loan EBT

46,135

46,135

Hire purchase contracts

1,988

2,751

Trade Creditors

143,576

-

Corporation tax

59,631

58,882

Social security and other taxes

3,624

3,246

Deferred income

26,249

71,725

Accrued expenses

88,665

70,444

369,868

253,183

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Loan EBT

17,489

60,494

Hire purchase contracts

-

1,677

17,489

62,171

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company uses premises owned by the Directors. No rent is paid for such use.

The company lets land to the directors. During the year, rent was charged by the company of £15,175 (2024 £15,175).

The directors' loan accounts have remained overdrawn in the year, and the company has charged interest on this loan at 2.25% to 5 April 2025 and 3.75% thereafter, being £2,264 for the year (2024 £2,107).

10.	RELATED PARTY DISCLOSURES

The Directors are both trustees and members of the Fillpack Limited Director's Pension Plan from which the company rents land at Forthburn and Hunterswell Farm as well as industrial units at Cockfield and Alston Road Garage at an open market rent. The company occupies the land under Farm Business Tenancies dated 4 November 2008 on which it pays £11,763 (2024 £11,375) and £3,600 (2024 £3,800) per year respectively. The company pays £24,840 (2024 £24,840) for the unit rental at Cockfield and £10,920 (2024 £10,920) for the unit rental at Alston Road Garage per year.

11.	OPERATING LEASE

The company occupies land under Farm Business Tenancies, which commenced on 4 November 2008 from year to year, under which it is committed to pay £11,763 (2024 £11,375) and £3,600 (2024 £3,800) respectively in the following year

On 1 June 2011 the company entered into a lease for 15 years on the Cockfield Units.

On 1 December 2023 the company entered into a lease for 3 years on the Alston Road Garage Unit.

12.	WARRANTY PROVISION

The warranty provision represents the directors' best estimate of the future costs of fulfilling warranty obligations in respect of products sold prior to the balance sheet date. The provision has been calculated based on historical claims experience, taking into account the nature, frequency and expected cost of future claims. The provision is expected to be utilised within the normal warranty period of 24 months.