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REGISTERED NUMBER: 01744617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MARSH LABELS LIMITED

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARSH LABELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B V Burnley
G L V Burnley
Mrs A L Murphy





SECRETARY: Mrs A L Murphy





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 01744617 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 560,167 638,798
Investments 5 1,200,000 1,200,000
1,760,167 1,838,798

CURRENT ASSETS
Stocks 103,834 117,079
Debtors 6 362,190 372,845
Cash at bank and in hand 81,260 113,822
547,284 603,746
CREDITORS
Amounts falling due within one year 7 (1,137,659 ) (1,166,752 )
NET CURRENT LIABILITIES (590,375 ) (563,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,169,792

1,275,792

CREDITORS
Amounts falling due after more than one
year

8

(186,909

)

(171,404

)

PROVISIONS FOR LIABILITIES 10 (140,041 ) (121,372 )
NET ASSETS 842,842 983,016

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 842,642 982,816
SHAREHOLDERS' FUNDS 842,842 983,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mrs A L Murphy - Director


MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Marsh Labels 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 - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 year 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 year 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.

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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 year was 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 1,788,247
Additions 32,347
At 31 August 2024 1,820,594
DEPRECIATION
At 1 September 2023 1,149,449
Charge for year 110,978
At 31 August 2024 1,260,427
NET BOOK VALUE
At 31 August 2024 560,167
At 31 August 2023 638,798

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 270,440
DEPRECIATION
At 1 September 2023 75,047
Charge for year 29,309
At 31 August 2024 104,356
NET BOOK VALUE
At 31 August 2024 166,084
At 31 August 2023 195,393

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 September 2023
and 31 August 2024 1,200,000
NET BOOK VALUE
At 31 August 2024 1,200,000
At 31 August 2023 1,200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 330,300 349,802
Other debtors 31,890 23,043
362,190 372,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 332,972 266,527
Trade creditors 273,226 257,138
Taxation and social security 88,377 133,466
Other creditors 443,084 509,621
1,137,659 1,166,752

MARSH LABELS LIMITED (REGISTERED NUMBER: 01744617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 186,909 171,404

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
UK Working Capital Limited 123,802 91,802

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 140,041 121,372

Deferred
tax
£   
Balance at 1 September 2023 121,372
Capital allowances in advance 18,669
of depreciation
Balance at 31 August 2024 140,041

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors' loan accounts exists to which there are no terms attached. As at the balance sheet date, Mr B Burnley and Ms A Welch were owed £361and £9 respectively.

12. RELATED PARTY DISCLOSURES

The company has a 50% interest in A4 Labels.com Limited with a cost of investment of £450,000.
During the year, the company received dividends of £110,000 from A4 Labels.com Limited

The company has a 100% interest in Inkreadible Labels Limited with a cost of investment of £750,000.
An intercompany loan exists and at year end, the company owed £319,000 to Inkreadible Labels Limited.
During the year, the company received dividends of £101,870 from Inkreadible Labels Limited.
During the year, Inkreadible Labels Limited made purchases of £264,802 from Marsh Labels Limited