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REGISTERED NUMBER: 03118539 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

St James Label Company Limited

St James Label Company Limited (Registered number: 03118539)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

St James Label Company Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: D R Bickley



SECRETARY: J Bickley



REGISTERED OFFICE:
Fifth Street
Trafford Park
Manchester
M17 1JX



REGISTERED NUMBER: 03118539 (England and Wales)



ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE



BANKERS: Natwest Bank plc
Third Avenue
Trafford Park
Manchester
M17 1NW

St James Label Company Limited (Registered number: 03118539)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 155,250 232,249

CURRENT ASSETS
Stocks 161,627 184,145
Debtors 5 523,222 497,994
Cash at bank and in hand 776,897 818,765
1,461,746 1,500,904
CREDITORS
Amounts falling due within one year 6 (455,236 ) (531,109 )
NET CURRENT ASSETS 1,006,510 969,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,760

1,202,044

CREDITORS
Amounts falling due after more than one year 7 - (54,867 )

PROVISIONS FOR LIABILITIES (27,603 ) (46,137 )
NET ASSETS 1,134,157 1,101,040

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,133,157 1,100,040
SHAREHOLDERS' FUNDS 1,134,157 1,101,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2025 and were signed by:





D R Bickley - Director


St James Label Company Limited (Registered number: 03118539)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

St James Label Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historic cost convention with the exception of investments which are valued at fair value.

Turnover
Turnover is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised at the point the goods are despatched.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery20% per annum of net book value
Motor vehicles25% per annum of net book value
Improvement to property10% per annum on cost
Fixtures and equipment15% per annum of net book value

Stocks
Stocks are valued at the lower of average historic cost and the 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 Profit & Loss, 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.

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 & Loss in the period to which they relate.

St James Label Company Limited (Registered number: 03118539)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Profit & Loss account.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities, if there are any.

Share capital
Ordinary shares are classed as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 November 2023 1,053,952
Additions 3,171
Disposals (100,120 )
At 31 October 2024 957,003
DEPRECIATION
At 1 November 2023 821,703
Charge for year 46,177
Eliminated on disposal (66,127 )
At 31 October 2024 801,753
NET BOOK VALUE
At 31 October 2024 155,250
At 31 October 2023 232,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 510,921 487,144
Other debtors 12,301 10,850
523,222 497,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 109,600
Trade creditors 201,850 249,814
Taxation and social security 191,568 150,507
Other creditors 61,818 21,188
455,236 531,109

St James Label Company Limited (Registered number: 03118539)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 54,867

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 164,467

The bank loan was secured by way of a legal mortgage charge dated 21 October 2022 in favour of NPIF NW Debt LP. During the year on 11 January 2024, the charge was satisfied in full.

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

During the year the Company occupied premises owned by a Director of the EOT.

No charge was made from the Director to the Company in respect of rent.

11. EMPLOYEE OWNERSHIP TRUST

On 20 October 2022, the shareholder elected to sell 100% of their shares to the company's employees through the mechanism of an Employee Ownership Trust.

St James Label Company Limited is guarantor for loan notes issued on behalf of the trust known as "The SJL Employee Ownership Trust". There are loan notes issued at the year end that are authorised for the purpose of making payments against the deferred consideration.

12. CONTRIBUTIONS TO EOT

2024 2023
£    £   

Contributions to EOT 251,270 2,049,039
Interim dividend paid on Ordinary shares - -
251,270 2,049,039

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
St James Label Company Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St James Label Company Limited for the year ended 31 October 2024 which comprise the Profit & Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of St James Label Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St James Label Company Limited and state those matters that we have agreed to state to the director of St James Label Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St James Label Company Limited and its director for our work or for this report.

It is your duty to ensure that St James Label Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St James Label Company Limited. You consider that St James Label Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St James Label Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


27 May 2025