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REGISTERED NUMBER: 07324174 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MAKRO LABELLING LIMITED

MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAKRO LABELLING LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2024







DIRECTORS: S Ghizzi
M Manzotti





SECRETARY: E B Di Ponio





REGISTERED OFFICE: 3 Silver Court
Watchmead
Welwyn Garden City
Hertfordshire
AL7 1LT





REGISTERED NUMBER: 07324174 (England and Wales)





AUDITORS: Wright & Co Partnership Ltd
Chartered Accountants & Registered Auditors
The Squires
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks - 442,588
Debtors 5 8,093 349,688
Cash at bank and in hand 253,415 243,397
261,508 1,035,673
CREDITORS
Amounts falling due within one year 6 48,916 869,063
NET CURRENT ASSETS 212,592 166,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,592

166,610

CAPITAL AND RESERVES
Called up share capital 7 40 40,000
Retained earnings 212,552 126,610
SHAREHOLDERS' FUNDS 212,592 166,610

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th March 2025 and were signed on its behalf by:





S Ghizzi - Director


MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

Makro Labelling 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, and encompasses preparation under the historical cost convention. The financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company’s assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover encompasses the sale and servicing of labelling machines. Machine sales include deposit
payments and factory acceptance tests. Sales are concluded and recognized as income upon final
installation and commissioning of the machines. Parts and servicing is invoiced and recognised as income
on completion of the transaction.

Bank interest received is recognised as income, upon receipt.

Rounding and currency
For the purposes of presenting these financial statements, all figures are rounded to the nearest pound
and stated in GBP.

Trade debtors and amounts owed by group undertakings
Trade debtors and amounts owed by group undertakings are recognised initially at transaction price. They
are subsequently measured at the amortised cost using the effective interest method, less provision for
impairment. A provision for impairment of trade debtors is established when there is objective evidence
that the company will not be able to collect all amounts due, according to the original terms of the
transaction.

Trade creditors and amounts owed to group undertakings
Trade creditors and amounts owed to group undertakings are classified as current liabilities if the
company does not have an unconditional right, at the end of the reporting period, to defer settlement of the
creditor for at least twelves months after the reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date, they are presented as amounts due after
more than one year.

Judgements and estimates
Judgements, estimates and assumptions in compliance with FRS 102 requires the directors to make such
decisions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors
that are considered to be relevant. Estimates and judgements are continually evaluated and are based on
historical experience and factors, including expectations of future events that are believed to be
reasonable under the circumstances. No material judgements in applying accounting policies were used
and there were no key sources of estimation uncertainty during the preparation of these financial
statements

Reserves policy
Reserves are maintained to provide financial stability and protect against unforeseen circumstances or
any future downturns. These ensure that there are sufficient funds to meet on going operational
commitments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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 6 (2023 - 7 ) .

MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 2,713
Disposals (2,713 )
At 31st December 2024 -
DEPRECIATION
At 1st January 2024 2,713
Eliminated on disposal (2,713 )
At 31st December 2024 -
NET BOOK VALUE
At 31st December 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,067 181,201
Due by group undertakings - 12,839
Advance payments - 154,800
VAT 5,026 -
Prepayments - 848
8,093 349,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,929 15,874
Due to group undertakings - 172,994
Tax 28,987 29,017
Social security and other taxes - 6,869
Advance receipts - 580,140
VAT - 58,256
Other creditors - 753
Accrued expenses 5,000 5,160
48,916 869,063

MAKRO LABELLING LIMITED (REGISTERED NUMBER: 07324174)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary £1 40 40,000

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

The Report of the Auditors was unqualified.


We draw attention to Note 9 which confirms that since the year end, the directors have commenced a Members Voluntary Liquidation. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Michael Atkinson FCA (Senior Statutory Auditor)
for and on behalf of Wright & Co Partnership Ltd

9. RELATED PARTY DISCLOSURES

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

10. POST BALANCE SHEET EVENTS

As reported in the 2023 accounts, the company ceased trading on 31st August 2024. Since the 31/12/24, the company has entered into Members Voluntary liquidation, which is expected to be concluded in Q2 of 2025.

11. ULTIMATE CONTROLLING PARTY

For the whole of 2024, the company was controlled by its ultimate parent company, Tetra Laval International SA, 70, Avenue Général Guisan, CH-1009 Pully, Switzerland.