REGISTERED NUMBER: 10910819 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Wepack Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Clark

SECRETARY:

Mrs S Clark

REGISTERED OFFICE:

Cedar Court

Griffon Road

Quarry Hill Industrial Park

Ilkeston

Derbyshire

DE7 4RF

REGISTERED NUMBER:

10910819 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Intangible assets

4

7,500

13,500

Tangible assets

5

639,261

704,027

646,761

717,527

CURRENT ASSETS

Stocks

231,449

238,433

Debtors

6

713,293

604,952

Cash at bank and in hand

545,495

679,147

1,490,237

1,522,532

CREDITORS

Amounts falling due within one year

7

917,889

1,214,013

NET CURRENT ASSETS

572,348

308,519

TOTAL ASSETS LESS CURRENT LIABILITIES

1,219,109

1,026,046

CREDITORS

Amounts falling due after more than one year

8

(27,505

)

(30,500

)

PROVISIONS FOR LIABILITIES

(87,230

)

(87,681

)

NET ASSETS

1,104,374

907,865

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,104,274

907,765

SHAREHOLDERS' FUNDS

1,104,374

907,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2026 and were signed by:

S M Clark - Director

1.	STATUTORY INFORMATION

Wepack Ltd. 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 etc

-

20% on reducing balance, 15% on reducing balance and 4% on cost

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.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 42 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

60,000

AMORTISATION

At 1 January 2025

46,500

Charge for year

6,000

At 31 December 2025

52,500

NET BOOK VALUE

At 31 December 2025

7,500

At 31 December 2024

13,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,149,088

Additions

111,228

Disposals

(136,437

)

At 31 December 2025

1,123,879

DEPRECIATION

At 1 January 2025

445,061

Charge for year

95,712

Eliminated on disposal

(82,373

)

Impairments

26,218

At 31 December 2025

484,618

NET BOOK VALUE

At 31 December 2025

639,261

At 31 December 2024

704,027

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

Plant and

machinery

etc

£

COST

At 1 January 2025

216,446

Disposals

(78,543

)

Transfer to ownership

(97,583

)

At 31 December 2025

40,320

DEPRECIATION

At 1 January 2025

82,609

Charge for year

13,857

Eliminated on disposal

(39,867

)

Transfer to ownership

(36,923

)

At 31 December 2025

19,676

NET BOOK VALUE

At 31 December 2025

20,644

At 31 December 2024

133,837

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

631,208

548,437

Other debtors

82,085

56,515

713,293

604,952

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 9)

2,995

46,839

Trade creditors

442,342

207,475

Amounts owed to group undertakings

71,560

470,559

Taxation and social security

338,934

388,169

Other creditors

62,058

100,971

917,889

1,214,013

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 9)

27,505

30,500

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

2,995

46,839

Between one and five years

27,505

30,500

30,500

77,339

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

34,435

22,058

Between one and five years

46,735

34,544

81,170

56,602

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

30,500

77,339

The hire purchase debts are secured against the asset to which they relate.

11.	OTHER FINANCIAL COMMITMENTS

The company has introduced new software to control production and is committed to pay £33,000 in the following year.

12.

SECURITY

The company and Blaize Holdings Ltd have provided guarantees for each other's liabilities to Lloyds Bank PLC.