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REGISTERED NUMBER: 09153094 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UK LANYARD MAKERS LTD

UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK LANYARD MAKERS LTD

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: K Kingham
P Olsson
J Steene





REGISTERED OFFICE: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 09153094 (England and Wales)

UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,033 33,428

CURRENT ASSETS
Stocks 5 97,551 93,643
Debtors 6 83,877 124,197
Cash at bank 55,748 551,980
237,176 769,820
CREDITORS
Amounts falling due within one year 7 209,268 212,917
NET CURRENT ASSETS 27,908 556,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,941

590,331

PROVISIONS FOR LIABILITIES 6,758 8,357
NET ASSETS 48,183 581,974

CAPITAL AND RESERVES
Called up share capital 9 50 100
Capital redemption reserve 50 -
Retained earnings 48,083 581,874
SHAREHOLDERS' FUNDS 48,183 581,974

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 3 March 2025 and were signed on its behalf by:





K Kingham - Director


UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

UK Lanyard Makers Ltd 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the supply of lanyards, fabric wristbands and printed ribbon, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery-25% reducing balance
Equipment, fixtures and fittings-25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operated a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

Company contributions payable to the directors' private pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 100,808
Additions 4,878
Disposals (21,993 )
At 31 December 2024 83,693
DEPRECIATION
At 1 January 2024 67,380
Charge for year 9,635
Eliminated on disposal (20,355 )
At 31 December 2024 56,660
NET BOOK VALUE
At 31 December 2024 27,033
At 31 December 2023 33,428

5. STOCKS
2024 2023
£    £   
Stocks 97,551 93,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,466 116,663
Other debtors 2,000 2,000
Prepayments and accrued income 6,411 5,534
83,877 124,197

UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,805 2,651
Amounts owed to group undertakings 20,000 -
Corporation tax 156,720 180,901
Social security and other taxes 20,703 29,365
Accruals and deferred income 8,040 -
209,268 212,917

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,500 13,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £

- Ordinary A £1 - 25
25 Ordinary B £1 25 25
- Ordinary C £1 - 25
25 Ordinary D £1 25 25
50 100

During the year, the company completed a company purchase of own shares transaction for 25 Ordinary A and 25 Ordinary C £1 shares at a premium of £17,399 per share.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
Due to its acquisition by Teqnion AB, the company is now required to have its financial statements audited for the first time. Therefore the comparative figures, for the year ended 31 December 2023, are unaudited.As this is the first year that the company has had its financial statements audited, we are required to ensure that the opening position has not been materially misstated. We have not been able to obtain all information and explanations required to support all of the opening balances and therefore we have been unable to conclude that the opening position has not been materially misstated. We have not identified any material misstatements with the closing position.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Katharine E Halsall (Senior Statutory Auditor)
for and on behalf of Caldwell Penn Limited, Statutory Auditor

UK LANYARD MAKERS LTD (REGISTERED NUMBER: 09153094)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


11. RELATED PARTY DISCLOSURES

The amounts due to group undertakings at the year end was as follows:

20242023
££

Teqnion AB20,000-

20,000-

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Teqnion AB.

The company's ultimate parent undertaking, the parent undertaking of the largest group of which the company is a member and for which group financial statements are prepared, is Teqnion AB, a company incorporated in Sweden. The registered office and principle place of business of the company is Dalvägen 14, 169 56 Solna, Sweden