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Company Registration No. 02888767 (England and Wales)
Acorn Labels Limited Unaudited accounts for the year ended 31 December 2024
Acorn Labels Limited Unaudited accounts Contents
Page
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Acorn Labels Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,175,180 
2,188,052 
Current assets
Inventories
328,210 
280,755 
Debtors
2,225,408 
2,048,586 
Cash at bank and in hand
475,436 
431,913 
3,029,054 
2,761,254 
Creditors: amounts falling due within one year
(2,326,710)
(2,114,632)
Net current assets
702,344 
646,622 
Total assets less current liabilities
2,877,524 
2,834,674 
Creditors: amounts falling due after more than one year
(411,288)
(588,822)
Provisions for liabilities
Deferred tax
(516,111)
(513,382)
Net assets
1,950,125 
1,732,470 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
67,000 
67,000 
Profit and loss account
1,883,123 
1,665,468 
Shareholders' funds
1,950,125 
1,732,470 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by
B Child Director Company Registration No. 02888767
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Acorn Labels Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Acorn Labels Limited is a private company, limited by shares, registered in England and Wales, registration number 02888767. The registered office is UNIT 28, BURREL ROAD, ST. IVES, CAMBRIDGESHIRE, PE27 3LE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% - 7.5% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
12.5% reducing balance
Computer equipment
33% straight line
Other tangible fixed assets
25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Acorn Labels Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
Contributions to defined contribution plans are expensed in the period to which they relate.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
120,000 
At 31 December 2024
120,000 
Amortisation
At 1 January 2024
120,000 
At 31 December 2024
120,000 
Net book value
At 31 December 2024
- 
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Acorn Labels Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,631,597 
96,527 
4,728,124 
Additions
339,851 
- 
339,851 
Disposals
(120,000)
- 
(120,000)
At 31 December 2024
4,851,448 
96,527 
4,947,975 
Depreciation
At 1 January 2024
2,490,632 
49,440 
2,540,072 
Charge for the year
275,650 
14,121 
289,771 
On disposals
(57,048)
- 
(57,048)
At 31 December 2024
2,709,234 
63,561 
2,772,795 
Net book value
At 31 December 2024
2,142,214 
32,966 
2,175,180 
At 31 December 2023
2,140,965 
47,087 
2,188,052 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,789,060 
1,787,295 
Other debtors
436,348 
261,291 
2,225,408 
2,048,586 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
234,622 
187,922 
Trade creditors
1,540,903 
1,602,035 
Taxes and social security
536,265 
310,609 
Other creditors
14,920 
14,066 
2,326,710 
2,114,632 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
411,288 
588,822 
9
Controlling party
The company's ultimate parent company and ultimate controlling party is Acorn Labels Holdings Limited, a company incorporated in England & Wales. Copies of the financial statements of Acorn Labels Holdings Limited are available from Companies House, Crown Way, Maindy, Cardiff CF14 3UZ.
10
Average number of employees
During the year the average number of employees was 49 (2023: 49).
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