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Registered number:
FOR THE YEAR ENDED 31 MARCH 2026
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D.A. PAK HOLDINGS LIMITED
COMPANY INFORMATION
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D.A. PAK HOLDINGS LIMITED
CONTENTS
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D.A. PAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their strategic report for the year ended 31 March 2026.
The Group supplies innovative flexible bulk packaging and handling solutions, using products sourced from trusted partners in the UK, Europe, and Asia.We seek out customers who value reliability, speed of response and our agility in meeting their changing requirements.
Our head-office and main distribution centre is situated in Stoke-on-Trent, UK. This location has extensive modern storage capacity with easy access to the UK’s motorway network. We supplement this with a network of trusted logistics partners, who provide on-demand storage and fast response distribution that can be scaled up quickly to deliver the rapid customer response our customers expect. Externalities such as the war in Ukraine, and piracy off the Red Sea and now the Iranian conflict, continue to disrupt global supply chains. However, having a global spread of suppliers, allows us to create strategies to mitigate some of this disruption, and offer alternate solutions where short lead-times are required. Consequently, the Group continued to grow during the year under review and delivered a robust performance in sales and profitability, in line with our strategy for growth, despite the challenging market conditions. Sales increased by 5.5% to £13.9M in the year under review with profit before tax of £1M. Management continue to pursue our objectives around improving the quality and sustainability of earnings, developing strong cash generation, and building a team for the future. The Directors are satisfied with the financial position of the Group. Sustainability The Group achieved B-Corp status in the year under review and actively promotes self development and opportunity for all of our stakeholders. This more closely aligns us with many of our customers and encourages us to maintain a wider perspective as responsible corporate citizens. We promote sustainability and continue investing in better opportunities for education, social, environmental, and economic improvement within the communities we operate in. The Group continue to comply with all relevant environmental regulations and policies. Following the introduction of the plastic packaging tax in April 2022, the Group, together with its manufacturing partners continues to develop more sustainable products, substituting recycled materials rather than virgin polymer, wherever possible. The Group has completed a baseline carbon footprint assessment for the business covering Scopes 1 & 2 and has also scoped the data needed to complete a full carbon footprint for the business.
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D.A. PAK HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Pricing
The Group is exposed to fluctuations in market prices of feedstocks. We monitor this constantly but by using our global footprint of suppliers, we can mitigate some of these risks. These fluctuations in the market volatility of feedstock prices, affect all competitors equally, but the Group's strength and liquidity allow it to take a longer view and help it navigate the more extreme price movements. Market The Group operates within the flexible packaging industry, which is fragmented and highly competitive. The Group is an industry leader that promotes excellence as the required standard in all areas of operation. It is proud of the longevity and stability of its supplier and customer relationships, which are based on continual innovation and offering a wide range of solutions with high availability. Maintaining our reputation is important to us, and we live by our core values and strengths, striving to maintain the highest standards in corporate and civic behaviour, for the benefit of all our stakeholders. Credit risk The Group vets all customers prior to and during the life of each relationship. New customers must meet our acceptance criteria which include an appropriate credit rating, acceptance of our terms and meeting our overall business objectives. Trade debtor balances are continuously monitored to minimise exposure to credit risks. Foreign currency risk The Group conducts limited trading in foreign currencies and doesn’t require the provision of accounts in foreign currencies.
Continued challenging trading conditions remai, namely due to the ongoing conflict in Ukraine, the conflict with Iran, and relatively high levels of inflation and interest rates in the UK. However, the Group is confident that based on the policies and strategy being implemented, it will deliver continued improvement in 2026.
This report was approved by the board on 6 October 2026 and signed on its behalf.
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D.A. PAK HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation and minority interests, amounted to £538,666 (2025 - £839,449).
The directors who served during the year were:
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D.A. PAK HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The auditors, Shorts, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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D.A. PAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D.A. PAK HOLDINGS LIMITED
We have audited the financial statements of D.A. Pak Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Analysis of Net Debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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D.A. PAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D.A. PAK HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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D.A. PAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D.A. PAK HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
∙the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙through discussions with the directors and other management and from our commercial knowledge and experience of the sectors that the Company operates in, we identified the laws and regulations applicable to the Company; and
∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙considered journal entries to identify unusual transactions;
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D.A. PAK HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF D.A. PAK HOLDINGS LIMITED (CONTINUED)
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙enquiring of management as to actual and potential litigation and claims; and
∙reviewing any correspondence with HMRC, relevant regulators and the Company’s legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Registered Auditor
2 Ashgate Road
Derbyshire
S40 4AA
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D.A. PAK HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2026
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D.A. PAK HOLDINGS LIMITED
REGISTERED NUMBER: 13216065
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 October 2026.
The notes on pages 18 to 34 form part of these financial statements.
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D.A. PAK HOLDINGS LIMITED
REGISTERED NUMBER: 13216065
COMPANY BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 18 to 34 form part of these financial statements.
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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