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Registered number: 01550919
Norpak Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Crag & Co
First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01550919
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 29,295 39,098
29,295 39,098
CURRENT ASSETS
Stocks 6 17,308 34,079
Debtors 7 126,378 128,089
Cash at bank and in hand 170,045 233,220
313,731 395,388
Creditors: Amounts Falling Due Within One Year 8 (117,347 ) (159,004 )
NET CURRENT ASSETS (LIABILITIES) 196,384 236,384
TOTAL ASSETS LESS CURRENT LIABILITIES 225,679 275,482
NET ASSETS 225,679 275,482
CAPITAL AND RESERVES
Called up share capital 9 18,058 18,058
Share premium account 4,275 4,275
Capital redemption reserve 42,287 42,287
Profit and Loss Account 161,059 210,862
SHAREHOLDERS' FUNDS 225,679 275,482
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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
Mrs Alison Parry
Director
20/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Norpak Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01550919 . The registered office is 22a Mansfield Road, Burley-in-Wharfedale, LS29 7LQ.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 .... It is amortised to the profit and loss account over its estimated economic life of .... 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:
Motor Vehicles 25% on net book value
Computer Equipment 33% on cost
2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
2.7. 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.
...CONTINUED
Page 3
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2.7. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 7,910
As at 31 March 2026 7,910
Amortisation
As at 1 April 2025 7,910
As at 31 March 2026 7,910
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 1,315 81,671 3,218 86,204
Disposals (1,315 ) - - (1,315 )
As at 31 March 2026 - 81,671 3,218 84,889
Depreciation
As at 1 April 2025 1,315 42,701 3,090 47,106
Provided during the period - 9,743 60 9,803
Disposals (1,315 ) - - (1,315 )
As at 31 March 2026 - 52,444 3,150 55,594
Net Book Value
As at 31 March 2026 - 29,227 68 29,295
As at 1 April 2025 - 38,970 128 39,098
Page 4
Page 5
6. Stocks
2026 2025
£ £
Stock 17,308 34,079
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 124,081 125,046
Other debtors 2,297 3,043
126,378 128,089
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 79,429 97,724
Other creditors 8,694 11,273
Taxation and social security 29,224 50,007
117,347 159,004
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 18,058 18,058
Page 5