Foundation Packaging Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03691987 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FOUNDATION PACKAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H P Dawson

A S Dunkerley

REGISTERED OFFICE:

Unit 8, Shaw Lane Industrial Estate

Ogden Road

Wheatley

DONCASTER

South Yorkshire

DN2 4SE

REGISTERED NUMBER:

03691987 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

4

1,774,589

1,808,380

CURRENT ASSETS

Stocks

1,894,175

1,579,582

Debtors

5

1,002,906

776,001

Cash at bank and in hand

216,255

351,483

3,113,336

2,707,066

CREDITORS

Amounts falling due within one year

6

1,542,760

1,421,228

NET CURRENT ASSETS

1,570,576

1,285,838

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,345,165

3,094,218

CREDITORS

Amounts falling due after more than one
year

7

1,202,822

1,307,125

NET ASSETS

2,142,343

1,787,093

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

2,142,043

1,786,793

SHAREHOLDERS' FUNDS

2,142,343

1,787,093

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

A S Dunkerley - Director

Mrs H P Dawson - Director

1.	STATUTORY INFORMATION

Foundation Packaging 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

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

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

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 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

1,582,389

398,776

1,981,165

Additions

-

15,995

At 31 December 2025

1,582,389

414,771

1,997,160

DEPRECIATION

At 1 January 2025

-

172,785

Charge for year

-

49,786

At 31 December 2025

-

222,571

NET BOOK VALUE

At 31 December 2025

1,582,389

192,200

1,774,589

At 31 December 2024

1,582,389

225,991

1,808,380

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

991,663

736,339

Other debtors

11,243

39,662

1,002,906

776,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

63,368

76,534

Hire purchase contracts

47,248

Trade creditors

1,153,830

966,731

Taxation and social security

202,513

213,585

Other creditors

75,801

117,130

1,542,760

1,421,228

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

1,114,247

1,171,302

Hire purchase contracts

88,575

135,823

1,202,822

1,307,125

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A S Dunkerley.

The ultimate controlling party is A S Dunkerley.