Registration number: 06893809

Kelpack Hire Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Kelpack Hire Limited

Company Information

Directors

P B Dickson N J Zager D J Parsons

Registered office

Oak Park Rylands Lane Elmley Lovett Droitwich England WR9 0QZ

Auditors

Clement Rabjohns Limited Registered Auditors and Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Kelpack Hire Limited

(Registration number: 06893809)
Balance Sheet as at 31 December 2025

	Note	31 December 2025 £	(As restated) 31 January 2025 £
Fixed assets
Tangible assets	4	594,019	643,249
Current assets
Stocks	5	18,548	105,591
Debtors	6	266,266	122,890
Cash at bank and in hand		51,965	150,294
		336,779	378,775
Creditors: Amounts falling due within one year	7	(89,735)	(170,211)
Net current assets		247,044	208,564
Total assets less current liabilities		841,063	851,813
Provisions for liabilities		(137,484)	(144,434)
Net assets		703,579	707,379
Capital and reserves
Called up share capital		100	100
Retained earnings		703,479	707,279
Shareholders' funds		703,579	707,379

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.

Approved and authorised by the Board on 21 September 2026 and signed on its behalf by:
 

......................................... P B Dickson Director

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Oak Park Rylands Lane
Elmley Lovett
Droitwich
WR9 0QZ
England

These financial statements were authorised for issue by the Board on 21 September 2026.

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.

Disclosure of long or short period

The year end has been shortened to 31 December 2025 to fall in line with the group reporting period.

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 21 September 2026 was Phillip Parsons FCA, who signed for and on behalf of Clement Rabjohns Limited.

.........................................

Reclassification of comparative amounts

Reclassification of deferred income from current assets to current liabilities. This has no impact on net assets.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Rental income is recognised on a straight line basis over the rental period. Turnover also includes the sale of ex-rental stock and rechargeable maintenance.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

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	Straight line over 6 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average costing 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2025 - 5).

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 February 2025	2,162,317	2,162,317
Additions	162,450	162,450
Disposals	(163,579)	(163,579)
At 31 December 2025	2,161,188	2,161,188
Depreciation
At 1 February 2025	1,519,068	1,519,068
Charge for the period	198,953	198,953
Eliminated on disposal	(150,852)	(150,852)
At 31 December 2025	1,567,169	1,567,169
Carrying amount
At 31 December 2025	594,019	594,019
At 31 January 2025	643,249	643,249

5

Stocks

	31 December 2025 £	31 January 2025 £
Other inventories	18,548	105,591

6

Debtors

Current	Note	31 December 2025 £	(As restated) 31 January 2025 £
Trade debtors		123,541	103,029
Amounts owed by related parties		142,725	15,600
Prepayments		-	4,261
		266,266	122,890

Kelpack Hire Limited

Notes to the Financial Statements for the Period from 1 February 2025 to 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	31 December 2025 £	(As restated) 31 January 2025 £
Due within one year
Trade creditors		2,771	6,783
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	58,001
Taxation and social security		19,088	38,892
Accruals and deferred income		67,876	66,535
		89,735	170,211

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The company has entered into an unlimited Inter-Company Guarantee dated 18 June 2021 (the "Agreement"), which is held as security for the Group bank facilities. Each participating related company (Pakawaste Limited, Pakawaste Engineering Services Limited, System Rental UK Limited and Kelpack Hire Limited) has provided a guarantee to Clydesdale Bank Plc. Under the terms of the Agreement, Clydesdale Bank Plc is authorised to allow set-off for interest purposes and in certain circumstances to seize credit balances and apply them in reduction of liabilities including debit balances within the Composite Accounting Sytem.

The Group bank facilities are also secured by debentures in all of the above participating companies.

9	Parent and ultimate parent undertaking

The company's immediate parent is Egbert Taylor Holdings Limited, incorporated in the United Kingdom.

 The ultimate parent is IEG Parent L.I, incorporated in the United States of America.

 The most senior parent entity producing publicly available financial statements is Egbert Taylor Holdings Limited.The ultimate controlling party is Aurora Capital Partners.