Wrap and Pack Ltd


Director	Jash Pandya


Registered Address	231 Kenton Road
	Harrow
	HA3 0HD


Registered Number	10764556 (England and Wales)

Statement of Financial Position
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		10,165		32,450
Investments	5		377,774		377,774
			387,939		410,224
Current assets
Stocks	6	2,672,000		3,700,000
Debtors	7	3,164,090		3,118,769
Cash at bank and on hand		500,487		49,883
		6,336,577		6,868,652
Creditors amounts falling due within one year	8	(2,873,869)		(4,453,253)
Net current assets (liabilities)			3,462,708		2,415,399
Total assets less current liabilities			3,850,647		2,825,623
Creditors amounts falling due after one year	9		(1,671)		(11,670)
Provisions for liabilities	10		(2,543)		(8,113)
Net assets			3,846,433		2,805,840
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,846,333		2,805,740
Shareholders' funds			3,846,433		2,805,840

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 October 2026, and are signed on its behalf by:

Jash Pandya
Director
Registered Company No. 10764556

Wrap and Pack Ltd

Notes to the Financial Statements
for the year ended 31 March 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
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including 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 financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	15

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		5

3.	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the
financial statements and their inclusion in tax assessments. 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. 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,
except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Current and deferred tax assets and liabilities are not discounted.

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 25	65,039	17,522	82,561
Additions	-	7,087	7,087
Disposals	(65,039)	(7,460)	(72,499)
At 31 March 26	-	17,149	17,149
Depreciation and impairment
At 01 April 25	42,390	7,721	50,111
Charge for year	-	2,089	2,089
On disposals	(42,390)	(2,826)	(45,216)
At 31 March 26	-	6,984	6,984
Net book value
At 31 March 26	-	10,165	10,165
At 31 March 25	22,649	9,801	32,450

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 25	377,774	377,774
At 31 March 26	377,774	377,774
Net book value
At 31 March 26	377,774	377,774
At 31 March 25	377,774	377,774

	Notes
	¹Other investments other than loans

6.	Stocks

	2026	2025
	£	£
Finished goods	2,672,000	3,700,000
Total	2,672,000	3,700,000

7.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	3,158,617	3,031,238
Other debtors	-	79,182
Prepayments and accrued income	5,473	8,349
Total	3,164,090	3,118,769

8.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	2,382,058	2,349,526
Bank borrowings and overdrafts	-	1,546,295
Taxation and social security	457,409	519,965
Other creditors	34,402	28,467
Accrued liabilities and deferred income	-	9,000
Total	2,873,869	4,453,253


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	1,671	11,670
Total	1,671	11,670


	Long term creditors of £1,670 (2024: £11,670) payable of Bounce Back Loan.

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	2,543	8,113
Total	2,543	8,113