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Registered number: 03686136
Lindum Packaging Ltd
Financial Statements
For The Year Ended 31 December 2025
A G Smith & Co Ltd
Lindum Packaging Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Lindum Packaging Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 03686136

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 41,015 |  | 66,114
Tangible Assets | 5 |  | 605,163 |  | 737,784
|  |  | 646,178 |  | 803,898
CURRENT ASSETS
Stocks | 6 | 1,600,952 |  | 1,301,629 |
Debtors | 7 | 2,304,819 |  | 1,972,680 |
Cash at bank and in hand |  | 223,555 |  | 550,915 |
|  | 4,129,326 |  | 3,825,224 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,865,984 ) |  | (1,983,480 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,263,342 |  | 1,841,744
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,909,520 |  | 2,645,642
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (203,160 ) |  | (176,044 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (137,315 ) |  | (183,873 )
NET ASSETS |  |  | 2,569,045 |  | 2,285,725
CAPITAL AND RESERVES
Called up share capital | 12 |  | 6,340 |  | 6,340
Profit and Loss Account |  |  | 2,562,705 |  | 2,279,385
SHAREHOLDERS' FUNDS |  |  | 2,569,045 |  | 2,285,725

Page 1
Page 2
Lindum Packaging Ltd
Balance Sheet (continued)
As At 31 December 2025
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

B Sellars Director | G Sellars Director
07/08/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Lindum Packaging Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Lindum Packaging Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03686136 . The registered office is Lindum House, Beels Road, Stallingborough, N E Lincolnshire, DN41 8DN.
The presentational currency of the financial statements in the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairement loss. It is amortised to the profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 33% on cost, 20% on cost and 10% on cost
Motor Vehicles | 25% on cost and 20% on cost

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
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Lindum Packaging Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2024: 26)
32 26
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 75,305
As at 31 December 2025 | 75,305
Amortisation
As at 1 January 2025 | 9,191
Provided during the period | 25,099
As at 31 December 2025 | 34,290

...CONTINUED
Page 4
Page 5
Lindum Packaging Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 41,015
As at 1 January 2025 | 66,114

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 998,481 | 508,023 | 1,506,504
Additions | 22,312 | 99,406 | 121,718
Disposals | - | (30,134 ) | (30,134 )
As at 31 December 2025 | 1,020,793 | 577,295 | 1,598,088
Depreciation
As at 1 January 2025 | 531,824 | 236,896 | 768,720
Provided during the period | 119,258 | 122,525 | 241,783
Disposals | - | (17,578 ) | (17,578 )
As at 31 December 2025 | 651,082 | 341,843 | 992,925
Net Book Value
As at 31 December 2025 | 369,711 | 235,452 | 605,163
As at 1 January 2025 | 466,657 | 271,127 | 737,784

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Plant & Machinery | 456,740 |  | 376,080

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 1,600,952 |  | 1,301,629

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,113,075 |  | 1,769,180
Other debtors | 191,744 |  | 203,500
| 2,304,819 |  | 1,972,680

Page 5
Page 6
Lindum Packaging Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 145,171 |  | 148,165
Trade creditors | 753,909 |  | 852,876
Amounts owed to group undertakings | 66,710 |  | 269,375
Other creditors | 138,243 |  | 56,152
Taxation and social security | 761,951 |  | 656,912
| 1,865,984 |  | 1,983,480

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 203,160 |  | 176,044

10. Secured Creditors
Of the creditors the following amounts are secured. The liabilities are secured on the assets to which they relate.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 348,331 |  | 324,209

11. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 145,171 |  | 148,165
Later than one year and not later than five years | 203,160 |  | 176,044
| 348,331 |  | 324,209
| 348,331 |  | 324,209

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 6,340 |  | 6,340

13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 37,900 |  | 37,900
Later than one year and not later than five years | 31,583 |  | 69,483
| 69,483 |  | 107,383

Page 6
Page 7
Lindum Packaging Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
14. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £8,435 (PY £5,915) were due to the fund. They are included in Other Creditors.
15. Ultimate Controlling Party
The company's ultimate controlling party is Well Able Limited by virtue of his ownership of 100% of the issued voting share capital in the company.
16. Audit Information
The auditor's report on the accounts of Lindum Packaging Ltd for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by John Richard Hall (Senior Statutory Auditor) for and on behalf of Walter Dawson & Son, Chartered Accountants , Statutory Auditor.

Walter Dawson & Son, Chartered Accountants First Floor Unit 12, Pennine Business Park Longbow Close Bradley Huddersfield HD2 1GQ

Page 7