REGISTERED NUMBER: 16199893 (England and Wales)

QPAC LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2025 TO 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Balfe

T Brittain

REGISTERED OFFICE:

Marston House, 5 Elmdon Lane

Marston Green

Solihull

B37 7DL

BUSINESS ADDRESS:

Fable House

46 Holly Walk

Leamington Spa

CV32 4HY

REGISTERED NUMBER:

16199893 (England and Wales)

AUDITORS:

Sephton & Company LLP

Chartered Certified Accountants

Statutory Auditors

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Intangible assets

4

55,890

60,591

Tangible assets

5

72,486

70,403

128,376

130,994

CURRENT ASSETS

Stocks

1,532,853

1,551,436

Debtors

6

2,085,948

1,980,503

Cash at bank

205,246

10,280

3,824,047

3,542,219

CREDITORS

Amounts falling due within one year

7

3,216,244

3,135,891

NET CURRENT ASSETS

607,803

406,328

TOTAL ASSETS LESS CURRENT LIABILITIES

736,179

537,322

PROVISIONS FOR LIABILITIES

17,779

16,187

NET ASSETS

718,400

521,135

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

618,400

421,135

718,400

521,135

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 18 August 2026 and were signed on its behalf by:

J D Balfe - Director

1.	STATUTORY INFORMATION

Qpac Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

The company recognises turnover at the point of goods despatch in line with their invoicing procedures. It does not have any material amounts of deferred income recognised in its liabilities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stock is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation for the period 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 period 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.

Financial instruments

The companies activities expose it to the financial risks of changes in foreign exchange rates. Forward currency contracts are used to manage this risk. Forward currency contracts are initially measured at fair value on the contract date (usually Zero value) and are subsequently remeasured to fair value at each reporting date.

The Company also enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and loans to or from related parties . All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown in borrowing in current liabilities.

Going concern

The directors have assessed the ability of the company to continue trading for a minimum period of 12 months from the date of authorising the financial statements.

The directors are satisfied that it remains appropriate for the financial statements to be prepared on a going concern basis

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2025 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 31 March 2026

62,680

AMORTISATION

At 1 July 2025

2,089

Charge for period

4,701

At 31 March 2026

6,790

NET BOOK VALUE

At 31 March 2026

55,890

At 30 June 2025

60,591

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2025

1,205

61,132

12,089

74,426

Additions

-

377

12,709

13,086

Disposals

-

-

(1,052

)

(1,052

)

At 31 March 2026

1,205

61,509

23,746

86,460

DEPRECIATION

At 1 July 2025

60

3,047

916

4,023

Charge for period

127

6,520

3,391

10,038

Eliminated on disposal

-

-

(87

)

(87

)

At 31 March 2026

187

9,567

4,220

13,974

NET BOOK VALUE

At 31 March 2026

1,018

51,942

19,526

72,486

At 30 June 2025

1,145

58,085

11,173

70,403

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,057,311

1,827,479

Amounts owed by group undertakings

-

135,275

Other debtors

28,637

17,749

2,085,948

1,980,503

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

914,270

1,380,717

Trade creditors

1,186,084

1,079,030

Amounts owed to group undertakings

62,680

62,680

Taxation and social security

768,942

532,103

Other creditors

284,268

81,361

3,216,244

3,135,891

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

87,670

51,169

Between one and five years

214,923

20,670

302,593

71,839

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Barclays sales financing

914,270

1,380,717

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Paul Carter (Senior Statutory Auditor)

for and on behalf of Sephton & Company LLP

11.	PENSION COMMITMENTS

The company operates a defined contribution scheme. There were £2,560 contributions due at the reporting date and is shown in other creditors.

12.	ULTIMATE CONTROLLING PARTY

Qpac Premier Limited is regarded by the directors as being the company's ultimate parent company.

Qpac Premier Limited owns 100% of the issued share capital.

The registered office of Qpac Premier Limited is Marston House 5 Elmdon Lane, Marston Green, Solihull, West Midlands, B37 7DL.