PACKSERVE LIMITED


Director	PULESTON-JONES, Jonathon


Registered Address	Packserve Limited
	Pitville Street
	Darwen
	BB3 1HJ


Registered Number	03970189 (England and Wales)

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in accordance with FRS 102 Section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The company’s functional and presentation currency is Pound Sterling (£). All amounts are rounded to the nearest pound.

	Going concern
	The financial statements have been prepared on a going concern basis. The directors have reviewed forecasts and are satisfied the company has adequate resources to continue for the foreseeable future.

	Judgements and key sources of estimation uncertainty
	The depreciation of tangible fixed assets is based on the estimated useful lives and residual values of the assets. These estimates are reviewed regularly by the directors. Actual outcomes may differ from these estimates due to changes in asset usage, technological developments, or market conditions.

	Turnover policy
	Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. No deferred tax has been recognised as the company has no material timing differences at the reporting date.

	Intangible assets
	Intangible assets are stated at cost less accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

	Goodwill
	Goodwill arising on an acquisition of a business. Goodwill is assessed for impairment when there are indicators of impairment, and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 25	295,000	295,000
At 31 May 26	295,000	295,000
Net book value
At 31 May 26	295,000	295,000
At 31 May 25	295,000	295,000

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 June 25	20,299	37,376	2,449	60,124
Additions	1,625	-	2,066	3,691
At 31 May 26	21,924	37,376	4,515	63,815
Depreciation and impairment
At 01 June 25	-	-	49,393	49,393
Charge for year	565	1,148	879	2,592
At 31 May 26	565	1,148	50,272	51,985
Net book value
At 31 May 26	21,359	36,228	(45,757)	11,830
At 31 May 25	20,299	37,376	(46,944)	10,731

5.	Stocks

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	29,311	43,837
Other debtors	-	36
Prepayments and accrued income	3,697	12,776
Total	33,008	56,649


	Debtors falling due within one year comprise trade debtors and prepayments. These balances are expected to be recovered within twelve months of the reporting date.

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	16,408	18,098
Bank borrowings and overdrafts	-	1,277
Taxation and social security	12,309	8,812
Payments received on account	8,808	8,809
Accrued liabilities and deferred income	21,204	-
Total	58,729	36,996


	Creditors falling due within one year comprise trade payables, amounts owed to directors, intercompany balances, pension contributions payable, wages, and taxation liabilities. These balances are expected to be settled within twelve months of the reporting date.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Trade creditors / trade payables	587,384	528,200
Total	587,384	528,200


	Creditors falling due after more than one year include two loans: one from Fresh Space Ltd, a company controlled by a director, and the other from the director personally. The loan from Fresh Space Ltd is interest-bearing at 12% per annum, unsecured, and repayable in more than one year from the reporting date. The loan from the director was provided for the acquisition of the company.

9.	Provisions for liabilities

10.	Related party transactions
	During the year, the company entered into transactions with related parties. Related parties include the company’s director and entities controlled by the directors. All transactions were carried out on commercial terms. Balances outstanding at the year-end are unsecured unless otherwise stated and are repayable as per agreed terms. All related party transactions have been conducted on an arm’s length basis unless otherwise stated.

10.

Related party transactions

During the year, the company entered into transactions with related parties. Related parties include the company’s director and entities controlled by the directors. All transactions were carried out on commercial terms. Balances outstanding at the year-end are unsecured unless otherwise stated and are repayable as per agreed terms.
All related party transactions have been conducted on an arm’s length basis unless otherwise stated.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		295,000		295,000
Tangible assets	4		11,830		10,731
			306,830		305,731
Current assets
Debtors	6	33,008		56,649
Cash at bank and on hand		50,247		34,769
		83,255		91,418
Creditors amounts falling due within one year	7	(58,729)		(36,996)
Net current assets (liabilities)			24,526		54,422
Total assets less current liabilities			331,356		360,153
Creditors amounts falling due after one year	8		(587,384)		(528,200)
Net assets			(256,028)		(168,047)
Capital and reserves
Called up share capital			63		63
Profit and loss account			(256,091)		(168,110)
Shareholders' funds			(256,028)		(168,047)