REGISTERED NUMBER: 06614299 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

RIVER PACKAGING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

B M Yaseen

REGISTERED OFFICE:

61-63 Windmill Road

Sunbury on Thames

Middlesex

TW16 7DT

REGISTERED NUMBER:

06614299 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Property, plant and equipment

4

1,304,718

1,141,813

Investments

5

-

25,616

1,304,718

1,167,429

CURRENT ASSETS

Inventories

336,346

457,090

Debtors

6

1,399,143

1,328,281

Cash at bank and in hand

395,311

663,859

2,130,800

2,449,230

CREDITORS

Amounts falling due within one year

7

(808,754

)

(1,100,688

)

NET CURRENT ASSETS

1,322,046

1,348,542

TOTAL ASSETS LESS CURRENT LIABILITIES

2,626,764

2,515,971

CREDITORS

Amounts falling due after more than one year

8

(390,703

)

(332,033

)

PROVISIONS FOR LIABILITIES

(264,837

)

(205,825

)

NET ASSETS

1,971,224

1,978,113

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,961,224

1,968,113

1,971,224

1,978,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 August 2026 and were signed by:

B M Yaseen - Director

1.	STATUTORY INFORMATION

River Packaging 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.

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 fair value of the consideration received or receivable for the sale of goods, excluding value added tax. This is recognised when the significant risks and rewards of ownership for the goods has transferred to the customer, which is upon dispatch.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant & machinery - at varying rates on cost

Improvements to property - over the lease term

Motor vehicles - 33.33% on cost

Computer equipment - 33.33% on cost

On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised in the profit and loss account.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to the stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion. Provision is made 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 20 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

58,561

2,875,161

78,473

11,023

3,023,218

Additions

38,000

373,918

-

-

411,918

At 30 November 2025

96,561

3,249,079

78,473

11,023

3,435,136

DEPRECIATION

At 1 December 2024

38,643

1,787,845

48,729

6,188

1,881,405

Charge for year

14,454

220,743

10,816

3,000

249,013

At 30 November 2025

53,097

2,008,588

59,545

9,188

2,130,418

NET BOOK VALUE

At 30 November 2025

43,464

1,240,491

18,928

1,835

1,304,718

At 30 November 2024

19,918

1,087,316

29,744

4,835

1,141,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2024

870,254

54,080

924,334

Additions

267,090

-

267,090

Transfer to ownership

(175,247

)

-

(175,247

)

At 30 November 2025

962,097

54,080

1,016,177

DEPRECIATION

At 1 December 2024

217,895

24,336

242,231

Charge for year

98,622

10,816

109,438

Transfer to ownership

(93,455

)

-

(93,455

)

At 30 November 2025

223,062

35,152

258,214

NET BOOK VALUE

At 30 November 2025

739,035

18,928

757,963

At 30 November 2024

652,359

29,744

682,103

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2024

25,616

Additions

5,237

Disposals

(30,853

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

25,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

592,253

627,014

Other debtors

732,053

582,448

Directors' current accounts

1,663

1,506

Tax

18,224

18,171

Prepayments and accrued income

54,950

99,142

1,399,143

1,328,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

-

56,379

Hire purchase contracts (see note 10)

167,570

141,757

Trade creditors

398,999

479,766

Tax

193

47,483

Social security and other taxes

29,053

21,158

VAT

44,272

16,794

Other creditors

30,243

22,114

Accruals and deferred income

138,424

315,237

808,754

1,100,688

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 10)

390,703

332,033

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

56,379

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

202,485

173,543

Between one and five years

431,304

373,177

633,789

546,720

Finance charges repayable:

Within one year

34,915

31,786

Between one and five years

40,601

41,144

75,516

72,930

Net obligations repayable:

Within one year

167,570

141,757

Between one and five years

390,703

332,033

558,273

473,790

Non-cancellable

operating leases

2025

2024

£

£

Within one year

120,000

199,800

Between one and five years

250,000

448,850

370,000

648,650

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

558,273

473,790

12.	FINANCIAL INSTRUMENTS

Financial instruments are classified by directors as basic or advanced following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method The company does not have any advanced financial instruments.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

B M Yaseen

Balance outstanding at start of year

1,506

10,777

Amounts advanced

157

1,509

Amounts repaid

-

(10,780

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,663

1,506

Interest is charged on this loan at 3% and the balance is repayable on demand.