REGISTERED NUMBER: 12878587 (England and Wales)

Financial Statements

for the Year Ended 30 November 2025

for

Lincpak Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L M Chapman

Mrs J R Chapman

L Chapman

REGISTERED OFFICE:

Pyke Road

Lincoln

LN6 3QS

REGISTERED NUMBER:

12878587 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Intangible assets

4

9,833

-

Tangible assets

5

83,661

32,370

93,494

32,370

CURRENT ASSETS

Stocks

59,165

25,789

Debtors

6

112,234

9,800

Cash at bank and in hand

7,983

16,465

179,382

52,054

CREDITORS

Amounts falling due within one year

7

399,324

284,982

NET CURRENT LIABILITIES

(219,942

)

(232,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(126,448

)

(200,558

)

CREDITORS

Amounts falling due after more than one year

8

(32,079

)

-

PROVISIONS FOR LIABILITIES

(15,896

)

(8,093

)

NET LIABILITIES

(174,423

)

(208,651

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(174,523

)

(208,751

)

(174,423

)

(208,651

)

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 25 August 2026 and were signed on its behalf by:

Mrs J R Chapman - Director

1.	STATUTORY INFORMATION

Lincpak 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.

The financial statements have been prepared on a going concern basis on the grounds that the director and related companies will continue to provide support

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.

Turnover

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

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 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 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.

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.

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 3 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

10,000

At 30 November 2025

10,000

AMORTISATION

Charge for year

167

At 30 November 2025

167

NET BOOK VALUE

At 30 November 2025

9,833

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 December 2024

59,256

5,286

64,542

Additions

59,200

3,050

62,250

At 30 November 2025

118,456

8,336

126,792

DEPRECIATION

At 1 December 2024

27,967

4,205

32,172

Charge for year

10,241

718

10,959

At 30 November 2025

38,208

4,923

43,131

NET BOOK VALUE

At 30 November 2025

80,248

3,413

83,661

At 30 November 2024

31,289

1,081

32,370

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

Additions

57,085

At 30 November 2025

57,085

DEPRECIATION

Charge for year

2,854

At 30 November 2025

2,854

NET BOOK VALUE

At 30 November 2025

54,231

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Amounts owed by group undertakings

111,675

9,727

Other debtors

559

73

112,234

9,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Finance leases (see note 9)

18,331

-

Trade creditors

15,912

2,396

Amounts owed to group undertakings

311,871

152,984

Taxation and social security

49,658

125,968

Other creditors

3,552

3,634

399,324

284,982

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Finance leases (see note 9)

32,079

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2025

2024

as restated

£

£

Net obligations repayable:

Within one year

18,331

-

Between one and five years

32,079

-

50,410

-

Non-cancellable

operating leases

2025

2024

as restated

£

£

Within one year

15,000

15,000

Between one and five years

60,000

60,000

In more than five years

193,750

208,750

268,750

283,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Finance leases

50,410

-

Obligations under finance leases are secured on the assets to which they relate.

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

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

12.	CONTINGENT LIABILITIES

Group borrowings have been secured by way of a fixed and floating charge against current and future assets of the company.

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is TCF Group Limited and its registered office is Pyke Road, Lincoln, LN6 3QS. Consolidated financial statements for the ultimate parent company are filed with the registrar of companies and may be obtained therefrom.