REGISTERED NUMBER: 02807374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 30 JUNE 2025

FOR

HYLANDS PACKAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W G Rayson

J Rayson

REGISTERED OFFICE:

1st Floor

4 Jordan Street

Manchester

M15 4PY

REGISTERED NUMBER:

02807374 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

30,322

32,997

CURRENT ASSETS

Stocks

71,507

16,450

Debtors

5

334,761

375,635

Cash at bank and in hand

7,431

41,089

413,699

433,174

CREDITORS

Amounts falling due within one year

6

277,646

261,185

NET CURRENT ASSETS

136,053

171,989

TOTAL ASSETS LESS CURRENT LIABILITIES

166,375

204,986

CREDITORS

Amounts falling due after more than one year

7

(87,338

)

(126,994

)

PROVISIONS FOR LIABILITIES

10

(5,761

)

(6,269

)

NET ASSETS

73,276

71,723

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

72,276

70,723

SHAREHOLDERS' FUNDS

73,276

71,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 27 November 2025 and were signed on its behalf by:

W G Rayson - Director

1.	STATUTORY INFORMATION

Hylands Packaging 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

33,001

43,231

64,000

2,620

142,852

Additions

1,084

-

-

-

1,084

At 30 June 2025

34,085

43,231

64,000

2,620

143,936

DEPRECIATION

At 1 January 2025

28,365

40,378

38,492

2,620

109,855

Charge for period

429

142

3,188

-

3,759

At 30 June 2025

28,794

40,520

41,680

2,620

113,614

NET BOOK VALUE

At 30 June 2025

5,291

2,711

22,320

-

30,322

At 31 December 2024

4,636

2,853

25,508

-

32,997

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 30 June 2025

5,675

60,150

65,825

DEPRECIATION

At 1 January 2025

2,451

34,774

37,225

Charge for period

242

3,172

3,414

At 30 June 2025

2,693

37,946

40,639

NET BOOK VALUE

At 30 June 2025

2,982

22,204

25,186

At 31 December 2024

3,224

25,376

28,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.24

£

£

Trade debtors

72,765

36,709

Amounts owed by group undertakings

260,438

260,438

Amounts owed by associates

-

75,754

Other debtors

150

800

Prepayments

1,408

1,934

334,761

375,635

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

31.12.24

£

£

Bank loans and overdrafts

11,414

11,272

Other loans

43,520

40,996

Hire purchase contracts (see note 8)

18,153

12,447

Trade creditors

167,464

172,220

Tax

15,093

11,614

Social security and other taxes

1,428

3,517

VAT

13,136

3,901

Other creditors

740

649

Business card

109

4

Wages control account

2,100

-

Accrued expenses

4,489

4,565

277,646

261,185

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

31.12.24

£

£

Bank loans - 1-2 years

2,847

8,164

Other loans - 1-2 years

49,045

46,200

Other loans - 2-5 years

31,435

56,690

Hire purchase contracts (see note 8)

4,011

15,940

87,338

126,994

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

31.12.24

£

£

Net obligations repayable:

Within one year

18,153

12,447

Between one and five years

4,011

15,940

22,164

28,387

Non-cancellable

operating leases

30.6.25

31.12.24

£

£

Within one year

26,250

35,000

Between one and five years

-

8,750

26,250

43,750

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

31.12.24

£

£

Hire purchase contracts

22,164

28,387

The hire purchase contracts are secured against the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

30.6.25

31.12.24

£

£

Deferred tax

5,761

6,269

Deferred

tax

£

Balance at 1 January 2025

6,269

Accelerated capital allowances

(508

)

Balance at 30 June 2025

5,761

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

31.12.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1 January 2025

70,723

Profit for the period

10,603

Dividends

(9,050

)

At 30 June 2025

72,276