Gopak Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00536385

GOPAK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

GOPAK LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	58,336	66,737
Tangible assets	6	4,408,972	3,237,959
		------------	------------
		4,467,308	3,304,696

CURRENT ASSETS

Stocks		703,113	615,617
Debtors	7	5,669,952	1,956,561
Cash at bank and in hand		203,597	258,196
		------------	------------
		6,576,662	2,830,374

CREDITORS: amounts falling due within one year	8	922,260		740,281
		------------		------------
NET CURRENT ASSETS			5,654,402		2,090,093
			-------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			10,121,710		5,394,789

CREDITORS: amounts falling due after more than one year	9		3,369,326		9,803

PROVISIONS	66,491	86,569
	-------------	------------
NET ASSETS	6,685,893	5,298,417
	-------------	------------

CAPITAL AND RESERVES

Called up share capital fully paid	2,000	2,000
Revaluation reserve	2,897,567	1,632,567
Profit and loss account	3,786,326	3,663,850
	------------	------------
SHAREHOLDERS FUNDS	6,685,893	5,298,417
	------------	------------

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 comprehensive income has not been delivered.

For the year ending 31 December 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 members have 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 .

GOPAK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

Mr A P Wells
Director

Company registration number: 00536385

GOPAK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Income 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	5 years
Design patents	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Freehold property	-	Over the remaining useful life
Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Finance leases and hire purchase contracts

Assets held under finance leases 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

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 36 (2024: 36 ).

5. INTANGIBLE ASSETS

	Goodwill	Patents, trademarks and licences	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	153,678	147,603	301,281
	---------	---------	---------
Amortisation
At 1 January 2025	93,678	140,866	234,544
Charge for the year	7,500	901	8,401
	---------	---------	---------
At 31 December 2025	101,178	141,767	242,945
	---------	---------	---------
Carrying amount
At 31 December 2025	52,500	5,836	58,336
	---------	---------	---------
At 31 December 2024	60,000	6,737	66,737
	---------	---------	---------

6. TANGIBLE ASSETS

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	3,211,500	2,647,553	824,984	6,684,037
Additions	–	30,940	7,044	37,984
Revaluations	1,265,000	–	–	1,265,000
	------------	------------	---------	------------
At 31 December 2025	4,476,500	2,678,493	832,028	7,987,021
	------------	------------	---------	------------
Depreciation
At 1 January 2025	401,500	2,383,940	660,638	3,446,078
Charge for the year	–	73,897	58,074	131,971
	------------	------------	---------	------------
At 31 December 2025	401,500	2,457,837	718,712	3,578,049
	------------	------------	---------	------------
Carrying amount
At 31 December 2025	4,075,000	220,656	113,316	4,408,972
	------------	------------	---------	------------
At 31 December 2024	2,810,000	263,613	164,346	3,237,959
	------------	------------	---------	------------

Tangible assets held at valuation

There was a valuation of property by Pinders Professional & Consultancy Services Ltd in July 2025 of £4,075,000.

7. DEBTORS

	2025	2024
	£	£
Trade debtors	555,480	394,340
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,052,676	1,530,400
Other debtors	61,796	31,821
	------------	------------
	5,669,952	1,956,561
	------------	------------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	71,028	–
Trade creditors	110,670	329,373
Social security and other taxes	338,309	204,484
Other creditors	402,253	206,424
	---------	---------
	922,260	740,281
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,302,249	–
Other creditors	67,077	9,803
	------------	-------
	3,369,326	9,803
	------------	-------

10. RELATED PARTY TRANSACTIONS

Advantage has been taken of the exemption conferred by FRS 102 S1A to subsidiary undertakings, of whose voting rights are controlled within the group, not to disclose transactions with other group companies.