REGISTERED NUMBER: 01360065 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2024 to 20 November 2025

for

H.S.G. (Packing Cases) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTORS:

H S Ginesi

H L Ginesi

B N Ginesi

S A Ginesi

SECRETARY:

H L Ginesi

REGISTERED OFFICE:

Long Row

New Works Road

Low Moor

Bradford

West Yorkshire

BD12 0RT

REGISTERED NUMBER:

01360065 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

63,795

4,679,400

Investments

7

100

100

63,895

4,679,500

CURRENT ASSETS

Stocks

-

396,768

Debtors

8

59,973

678,104

Cash at bank and in hand

1,894,583

317

1,954,556

1,075,189

CREDITORS

Amounts falling due within one year

9

(25,591

)

1,270,819

NET CURRENT ASSETS/(LIABILITIES)

1,980,147

(195,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,044,042

4,483,870

CREDITORS

Amounts falling due after more than one year

10

-

(697,039

)

PROVISIONS FOR LIABILITIES

-

(378,786

)

NET ASSETS

2,044,042

3,408,045

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Revaluation reserve

707,963

707,963

Retained earnings

1,086,079

2,450,082

SHAREHOLDERS' FUNDS

2,044,042

3,408,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 November 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 November 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 21 November 2025 and were signed on its behalf by:

H S Ginesi - Director

B N Ginesi - Director

1.	STATUTORY INFORMATION

H.S.G. (Packing Cases) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors resolved to take steps to place the Company into liquidation, and it is the intention that a members’ voluntary liquidation will commence in November 2025. As a result, the directors consider that the Company will cease to trade and its business will not continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about H.S.G. (Packing Cases) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

12.5% on reducing balance

Motor vehicles

-

25% 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 period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2024 - 31 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 20 November 2025

228,505

AMORTISATION

At 1 September 2024

and 20 November 2025

228,505

NET BOOK VALUE

At 20 November 2025

-

At 31 August 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 September 2024

2,900,952

4,713,429

162,556

7,776,937

Disposals

(2,900,952

)

(4,603,565

)

(162,556

)

(7,667,073

)

At 20 November 2025

-

109,864

-

109,864

DEPRECIATION

At 1 September 2024

326,052

2,652,235

119,250

3,097,537

Charge for period

56,452

79,969

11,607

148,028

Eliminated on disposal

(382,504

)

(2,686,135

)

(130,857

)

(3,199,496

)

At 20 November 2025

-

46,069

-

46,069

NET BOOK VALUE

At 20 November 2025

-

63,795

-

63,795

At 31 August 2024

2,574,900

2,061,194

43,306

4,679,400

Cost or valuation at 20 November 2025 is represented by:

Plant and

machinery

£

Cost

109,864

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

468,314

76,995

545,309

Disposals

(358,450

)

(76,995

)

(435,445

)

At 20 November 2025

109,864

-

109,864

DEPRECIATION

At 1 September 2024

171,168

34,605

205,773

Charge for period

12,224

11,251

23,475

Eliminated on disposal

(137,323

)

(45,856

)

(183,179

)

At 20 November 2025

46,069

-

46,069

NET BOOK VALUE

At 20 November 2025

63,795

-

63,795

At 31 August 2024

297,146

42,390

339,536

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 20 November 2025

100

NET BOOK VALUE

At 20 November 2025

100

At 31 August 2024

100

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20.11.25

31.8.24

£

£

Trade debtors

59,908

500,147

Amounts owed by group undertakings

65

65

Tax

-

36,900

Prepayments and accrued income

-

140,992

59,973

678,104

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20.11.25

31.8.24

£

£

Bank loans and overdrafts

-

368,643

Hire purchase contracts and finance leases (see note 11)

-

60,521

Trade creditors

(804

)

694,179

Social security and other taxes

(27,455

)

57,474

Other creditors

-

2,158

Directors' current accounts

2,668

-

Directors' loan accounts

-

62,738

Accrued expenses

-

25,106

(25,591

)

1,270,819

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

20.11.25

31.8.24

£

£

Bank loans

-

546,240

Hire purchase contracts and finance leases (see note 11)

-

150,799

-

697,039

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

20.11.25

31.8.24

20.11.25

31.8.24

£

£

£

£

Gross obligations repayable:

Within one year

-

68,835

-

3,794

Between one and five years

-

175,994

-

-

-

244,829

-

3,794

Finance charges repayable:

Within one year

-

11,597

-

511

Between one and five years

-

25,195

-

-

-

36,792

-

511

Net obligations repayable:

Within one year

-

57,238

-

3,283

Between one and five years

-

150,799

-

-

-

208,037

-

3,283

Non-cancellable

operating leases

20.11.25

31.8.24

£

£

Within one year

-

44,123

Between one and five years

-

34,806

-

78,929

12.	SECURED DEBTS

The following secured debts are included within creditors:

20.11.25

31.8.24

£

£

Bank overdraft

-

276,643

Bank loans

-

638,240

Hire purchase contracts and finance leases

-

211,320

-

1,126,203

The company's banking facilities are secured on land and buildings at Long Row, Bradford.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H.S.G. (Packing Cases) Limited for the period ended 20 November 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H.S.G. (Packing Cases) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H.S.G. (Packing Cases) Limited and state those matters that we have agreed to state to the Board of Directors of H.S.G. (Packing Cases) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H.S.G. (Packing Cases) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H.S.G. (Packing Cases) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of H.S.G. (Packing Cases) Limited. You consider that H.S.G. (Packing Cases) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of H.S.G. (Packing Cases) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

21 November 2025