Company No: 03173508 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr S J Halliday
	Mr C Robinson

REGISTERED OFFICE	5 Berrymoor Court
	Northumberland Business Park
	Cramlington
	NE23 7RZ
	United Kingdom

COMPANY NUMBER

03173508 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	299,977		165,196
		299,977		165,196
Current assets
Stocks		680,215		699,617
Debtors
- due within one year	4	2,162,737		2,246,389
- due after more than one year	4	20,000		20,000
Cash at bank and in hand		1,558,433		2,228,689
		4,421,385		5,194,695
Creditors: amounts falling due within one year	5	( 1,933,905)		( 2,763,041)
Net current assets		2,487,480		2,431,654
Total assets less current liabilities		2,787,457		2,596,850
Creditors: amounts falling due after more than one year	6	( 56,351)		0
Net assets		2,731,106		2,596,850
Capital and reserves
Called-up share capital		200		200
Profit and loss account		2,730,906		2,596,650
Total shareholder's funds		2,731,106		2,596,850

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of C.R.T Packaging (UK) Ltd (registered number: 03173508) were approved and authorised for issue by the Board of Directors on 17 September 2026. They were signed on its behalf by:

Mr S J Halliday Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.R.T Packaging (UK) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Berrymoor Court, Northumberland Business Park, Cramlington, NE23 7RZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of C.R.T Packaging (UK) Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

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

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Preparation of consolidated financial statements

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

C.R.T. Packaging (U.K.) Limited is a wholly owned subsidiary of CRT Holdings Limited.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds.

and the carrying value of the asset, and is credited or charged to profit or loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery etc.

5 years straight line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 `Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Critical accounting judgements and estimation uncertainty

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 the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		0

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	309,853		309,853
Additions	295,568		295,568
Disposals	( 266,956)		( 266,956)
At 31 December 2025	338,465		338,465
Accumulated depreciation
At 01 January 2025	144,657		144,657
Charge for the financial year	24,092		24,092
Disposals	( 130,261)		( 130,261)
	0		0
At 31 December 2025	38,488		38,488
Net book value
At 31 December 2025	299,977		299,977
At 31 December 2024	165,196		165,196

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	2,049,698		2,111,485
Amounts owed by Group undertakings	13,711		0
Corporation tax	16,726		73,864
Other debtors	82,602		61,040
	2,162,737		2,246,389
Debtors: amounts falling due after more than one year
Other debtors	20,000		20,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,601,839		2,318,871
Amounts owed to Group undertakings	0		121,325
Taxation and social security	260,033		291,079
Obligations under finance leases and hire purchase contracts	60,115		0
Other creditors	11,918		31,766
	1,933,905		2,763,041

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	56,351		0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Opening balance: Mr S J Halliday	1,046		68,101
Advanced: Mr S J Halliday	81,210		24,296
Repaid: Mr S J Halliday	(31,652)		(91,352)
Closing balance: Mr S J Halliday	50,604		1,046

The above loans are made at an interest free and are repayable on demand.

Other related party transactions

	2025		2024
	£		£
CRT Holdings Limited	13,711		(121,325)

Included in debtor is amounts due to the parent company CRT Holdings Limited of £13,710.51 (2024: (£121,325)). The loan is made interest free and is repayable on demand.