MCL Packaging Limited Filleted accounts for Companies House (small and micro)

MCL Packaging Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		67,356		67,023

Current assets

Stocks		500	9,039
Debtors	6	161,506	73,661
Cash at bank and in hand		391,577	371,281
		----------	----------
		553,583	453,981

Creditors: amounts falling due within one year	7	202,382		205,252
		----------		----------
Net current assets			351,201		248,729
			----------		----------
Total assets less current liabilities			418,557		315,752

Creditors: amounts falling due after more than one year	8		46,065		36,448

Provisions

Taxation including deferred tax	16,459	15,729
	----------	----------
Net assets	356,033	263,575
	----------	----------

Capital and reserves

Called up share capital	1	1
Profit and loss account	356,032	263,574
	----------	----------
Shareholder funds	356,033	263,575
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MCL Packaging Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 25 August 2026 , and are signed on behalf of the board by:

M C Lang
Director

Company registration number: 04963507

MCL Packaging Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Simple Parcels, Unit 18, Bolton North Business Park, Rossini Street, Bolton, BL1 8DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. (d) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. (e) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (f) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	20% reducing balance
Fixture and Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	15% reducing balance

(g) Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. (h) Finance leases and hire purchase contracts Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. (i) Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(j) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 December 2024	5,147	1,312	97,014	3,622	107,095
Additions	–	–	48,094	–	48,094
Disposals	–	–	( 45,520)	–	( 45,520)
	-------	-------	--------	-------	----------
At 30 November 2025	5,147	1,312	99,588	3,622	109,669
	-------	-------	--------	-------	----------
Depreciation
At 1 December 2024	3,999	1,063	32,789	2,221	40,072
Charge for the year	230	37	21,679	210	22,156
Disposals	–	–	( 19,915)	–	( 19,915)
	-------	-------	--------	-------	----------
At 30 November 2025	4,229	1,100	34,553	2,431	42,313
	-------	-------	--------	-------	----------
Carrying amount
At 30 November 2025	918	212	65,035	1,191	67,356
	-------	-------	--------	-------	----------
At 30 November 2024	1,148	249	64,225	1,401	67,023
	-------	-------	--------	-------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	161,506	73,661
	----------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,500	9,909
Trade creditors	88,936	78,175
Accruals	2,400	3,035
Corporation tax	43,948	29,022
Social security and other taxes	17,737	7,236
Obligations under finance leases and hire purchase contracts	10,052	46,235
Directors current account	29,809	31,640
	----------	----------
	202,382	205,252
	----------	----------

The hire purchase liabilities noted above are secured on the associated asset.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,817	11,317
Obligations under finance leases and hire purchase contracts	44,248	25,131
	--------	--------
	46,065	36,448
	--------	--------

The hire purchase liabilities noted above are secured on the associated asset.

9. Related party transactions

During the year the director made available a loan to the company. The loan is interest free and repayable on demand. At the year end date the balance due to the director totalled £ 29,809 (2024: £ 31,640 ).