Registration number: 11249440

Floryn Packaging Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Floryn Packaging Limited

(Registration number: 11249440)
Balance Sheet as at 31 August 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,148,674	506,728
Current assets
Stocks	6	176,567	96,728
Debtors	7	569,888	328,677
Cash at bank and in hand		564,858	104,256
		1,311,313	529,661
Creditors: Amounts falling due within one year	8	(846,339)	(833,843)
Net current assets/(liabilities)		464,974	(304,182)
Total assets less current liabilities		1,613,648	202,546
Creditors: Amounts falling due after more than one year	8	(640,496)	-
Net assets		973,152	202,546
Capital and reserves
Called up share capital		2	2
Other reserves		806,200	-
Retained earnings		166,950	202,544
Shareholders' funds		973,152	202,546

For the financial period ending 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Floryn Packaging Limited

(Registration number: 11249440)
Balance Sheet as at 31 August 2026

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 8 September 2026 and signed on its behalf by:
 

......................................... Mr B Cockerton Director

......................................... Mr D J Keatings Director

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	25% on reducing balance
Right of Use Assets	Straight line over period of lease

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Debt Factoring

The company uses a factoring agent to raise finance on debts from customers. The gross amount of factored debts at the balance sheet date is included within trade debtors.

The balance of amounts payable to the factoring agent at the balance sheet date is included in other creditors.

Factoring charges are recognised at they accrue and are included in the profit and loss account with other finance costs.

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

Leases

The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Company recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.

Right-of-use assets
The Company recognise right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets.

Lease liabilities
At the commencement date of the lease, the Company recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease, if the lease term reflects the Company exercising the option to terminate. In calculating the present value of lease payments, the Company uses either the incremental borrowing rate or obtainable borrowing rate, on a lease-by-lease basis, at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset.

Short-term leases and leases of low-value assets
The Company applies the short-term lease recognition exemption to short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). The Company also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12 (2025 - 6).

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2026	6,800	6,800
At 31 August 2026	6,800	6,800
Amortisation
At 1 January 2026	6,800	6,800
At 31 August 2026	6,800	6,800
Carrying amount
At 31 August 2026	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2026	3,791	25,395	504,455	533,641
Additions	517,303	-	201,196	718,499
At 31 August 2026	521,094	25,395	705,651	1,252,140
Depreciation
At 1 January 2026	2,886	13,518	10,509	26,913
Charge for the period	30,284	1,979	44,290	76,553
At 31 August 2026	33,170	15,497	54,799	103,466
Carrying amount
At 31 August 2026	487,924	9,898	650,852	1,148,674
At 31 December 2025	905	11,877	493,946	506,728

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

6

Stocks

	2026 £	2025 £
Other inventories	176,567	96,728

7

Debtors

Current	2026 £	2025 £
Trade debtors	477,428	328,677
Prepayments	52,060	-
Other debtors	40,400	-
	569,888	328,677

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	496,843	157,025
Trade creditors		325,315	483,257
Taxation and social security		17,707	107,470
Accruals and deferred income		4,850	2,092
Other creditors		1,624	83,999
		846,339	833,843

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	100,000
HP and finance lease liabilities	142,645	-
Other borrowings	354,198	57,025
	496,843	157,025

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	640,496	-

Other borrowings

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

	Capital contribution reserve £	Total £
Other comprehensive income	806,200	806,200

Other reserves represents capital contributions made to Floryn Packaging Limited by TTH Core Holdings Limited, the immediate parent company.

Floryn Packaging Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2026 to 31 August 2026

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	640,496	-

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	100,000
Hire purchase contracts	52,140	-
Finance lease liabilities	90,505	-
Other borrowings	354,198	57,025
	496,843	157,025