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Registered number: 03027229









AUTAJON LABELS ROYSTON ENGLAND LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
COMPANY INFORMATION


DIRECTORS
Mr P Clayton 
Mr R Autajon 
Mr G Autajon 




REGISTERED NUMBER
03027229



REGISTERED OFFICE
Unit 17 - 20 Greenfield

Royston

Hertfordshire

SG8 5HN




INDEPENDENT AUDITOR
Peters Elworthy & Moore
Chartered Accountants & Statutory Auditor

Salisbury House

Station Road

Cambridge

CB1 2LA




BANKERS
HSBC Bank Plc
132 High Street

Huntingdon

PE18 6NG





 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

CONTENTS



Pages
Strategic Report
 
1 - 3
Directors' Report
 
4 - 6
Independent Auditor's Report
 
7 - 10
Statement of Comprehensive Income
 
11
Balance Sheet
 
12
Statement of Changes in Equity
 
13
Statement of Cash Flows
 
14
Notes to the Financial Statements
 
15 - 32


 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

INTRODUCTION
 
The Directors present their Strategic Report for the year ended 31 December 2024, which includes a business review, the principal risks and uncertainties of the business and key performance indicators.
As a consequence of the acquisition of the Company by Lagora NG S.A.R.L. on 6 November 2023, the reporting period was changed with the comparative period covering the 8 month period from 1 May 2023 to 31 December 2023.
On 13 March 2024, the Company changed its name from Royston Labels Limited to Autajon Labels Royston England Limited.

BUSINESS REVIEW
 
The principal activity of the Company continued to be that of the manufacture of self-adhesive labels.
During the year there has been a continued focus on quality, delivering impeccable customer service and providing innovative solutions for the Company's customers.
Turnover increased from £5,780,802 for the 8 months ended 31 December 2023 to £7,915,191 for the 12 months ended 31 December 2024, primarily due to the longer accounting period. However, the gross margin increased from 19.4% for the 8 months ended 31 December 2023 to 21.3% for the 12 months ended 31 December 2024 due to efficiency gains and some raw material price improvements.
Trading continued to be challenging in 2024 with many clients encountering challenges in their own markets particularly with their sales through retail.
The Company is active in generating new customers and focusing on the markets that bring added value and utilise the skills and benefits the Company can provide.
INVESTMENT
The Company continues to invest in the latest printing and inspection equipment and driving improved efficiency through lean principles and adopting the latest technologies. The Company is focused on sustainability and aims to invest where there is an opportunity to reduce its carbon footprint and associated energy costs. 
SUPPLIERS
The Company continues to purchase quality products from market leading global suppliers. It monitors supplier performance to ensure a high level of service and quality at a competitive price. The Company has continued to see improvements in delivery lead-times in the year along with more stability from its supply base.
CUSTOMERS
The Company has a mixture of customers from Global Brands to small independent manufacturing companies across many industry sectors. Many customers have had longstanding relationships with the Company and have given it preferred supplier status due to its ability to manage complex projects and provide high quality products and always within pre agreed time frames.

Page 1

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
 
Risks to the business are minimised through the close relationships that the Company has with key suppliers and key customers. As part of the Autajon Group, the Company also has the benefit of many sister sites throughout Europe that can support as needed. The Directors routinely monitor all known risks and uncertainties, and appropriate actions are taken to mitigate the risks. 

Page 2

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
 
The Directors and the wider Autajon Group have agreed a set of Key Performance Indicators and targets which collectively help monitor and drive performance, these cover all areas of the business and are monitored on a weekly and monthly basis and comparisons are made to budgets, forecasts and prior year results.

This report was approved by the Board of Directors and signed on its behalf by:




Mr P Clayton
Director

Date: 10 June 2025

Page 3

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

RESULTS AND DIVIDENDS

The loss for the year, after taxation, amounted to £175,272 (8 months ended 31 December 2023 -  loss of £217,123).

The Directors do not recommend the payment of a dividend for the year (8 months ended 31 December 2023 - £Nil).

DIRECTORS

The Directors who served during the year, and to the date of this report, were:

Mr P Clayton 
Mr R Autajon 
Mr G Autajon 

DIRECTORS' RESPONSIBILITIES STATEMENT

The Directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the Directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FUTURE DEVELOPMENTS

Following the acquisition of the Company by Lagora NG S.A.R.L. in November 2023, the Company is poised to further leverage enhanced resources and synergies to accelerate its business growth and expand its market footprint.

Page 4

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL INSTRUMENTS

The Company has exposure to three main areas of risk - currency risk, liquidity risk and credit risk. To a lesser extent the Company is exposed to interest rate risk. The most significant financial risks to which the Company is exposed are described below:
Currency risk
The Company is exposed to currency exchange rate risk due to a proportion of its trade debtors, and trade creditors, being denominated in non-sterling currencies. Whilst most of the Company’s sales and operating expenses are denominated in Sterling, a proportion of the Company’s sales and costs are denominated in other currencies. These are not considered to result in material foreign exchange rate exposure to the Company.
Liquidity risk
The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs. The Company expects to meet its financial obligations through operating cash flows. In the event that operating cash flows would not cover all financial obligations, short term flexibility is achieved by borrowings from other group undertakings.
Credit risk
The Company’s principal financial assets are cash and trade debtors, with the main risk arising from its trade debtors. The Company manages credit risk by conducting thorough credit assessments for new customers, setting appropriate credit limits, and continuously monitoring creditworthiness. Credit limits are reviewed on a regular basis in conjunction with debt aging and collection history.
Interest rate risk
The Company finances its operations through borrowings from other group undertakings. The Company is not exposed to interest rate fluctuations on its borrowings as these are at a fixed rate.

POST BALANCE SHEET EVENTS

There have been no significant events affecting the Company since the year end and to the date of this report requiring disclosure.

DISCLOSURE OF INFORMATION TO AUDITOR

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware; and

the Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

AUDITOR

The auditor, Peters Elworthy & Moorewill be proposed for reappointment in accordance with Section 485 of the Companies Act 2006.

Page 5

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

This report was approved by the Board of Directors and signed on its behalf by:
 




Mr P Clayton
Director

Date: 10 June 2025

Page 6

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

OPINION


We have audited the financial statements of Autajon Labels Royston England Limited (formerly Royston Labels Limited) (the 'Company') for the year ended 31 December 2024, which comprise of the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


BASIS FOR OPINION


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 section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 opinion.


CONCLUSIONS RELATING TO GOING CONCERN


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Page 7

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)


OTHER INFORMATION


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


RESPONSIBILITIES OF THE DIRECTORS
 

As explained more fully in the Directors' Responsibilities Statement, set out on page 4, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 8

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)


AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
 
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the Company through discussions with the Directors and other management, and from our commercial knowledge and experience of the manufacturing sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including Financial Reporting Standard 102, the Companies Act 2006 and taxation legislation;
in addition, we considered provisions of other laws and regulations which do not have a direct effect on the financial statements but compliance with which might be fundamental to the Company's ability to operate or to avoid material penalties; and
we obtained an understanding of the entity’s policies and procedures on compliance with laws and regulations, including documentation of any instances of non-compliance.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
 
To address the risk of fraud through management bias and override of controls, we;
 
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias;
designed procedures to identify unexpected and unusual journal entries and performed testing to confirm the validity of such postings;
used Audit Data Analytics to review the client data for unusual trends and anomalies; and
performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
 
Page 9

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)


AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
 
agreeing financial statement disclosures to underlying supporting documentation; and
enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


USE OF OUR REPORT
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.







Adam Smith (Senior Statutory Auditor)
  
for and on behalf of
Peters Elworthy & Moore
 
Chartered Accountants
Statutory Auditor
  
Salisbury House
Station Road
Cambridge
CB1 2LA

 
Date: 
10 June 2025
Page 10

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

12 months ended 31
December
8 months ended 31
December
2024
2023
Notes
£
£

  

Turnover
 4 
7,915,191
5,780,802

Cost of sales
  
(6,231,338)
(4,660,171)

GROSS PROFIT
  
1,683,853
1,120,631

Administrative expenses
  
(1,792,453)
(1,303,346)

OPERATING LOSS
 5 
(108,600)
(182,715)

Interest receivable and similar income
 9 
2,828
4,324

Interest payable and similar expenses
 10 
(110,406)
(87,661)

LOSS BEFORE TAX
  
(216,178)
(266,052)

Tax on loss
 11 
40,906
48,929

LOSS FOR THE FINANCIAL PERIOD
  
(175,272)
(217,123)

There were no recognised gains and losses for the 12 months ended 31 December 2024 or the 8 months ended 31 December 2023, other than those included in the Statement of Comprehensive Income, above.

There was no Other Comprehensive Income for the 12 months ended 31 December 2024 (8 months ended 31 December 2023 - £Nil).

The notes on pages 15 to 32 form part of these financial statements.

Page 11

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
REGISTERED NUMBER: 03027229

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
 Notes
£
£

FIXED ASSETS
  

Tangible assets
 12 
4,645,989
4,969,226

  
4,645,989
4,969,226

CURRENT ASSETS
  

Stocks
 13 
470,355
723,076

Debtors: amounts falling due within one year
 14 
1,422,966
1,528,085

Cash at bank and in hand
 15 
784,925
892,095

  
2,678,246
3,143,256

Creditors: amounts falling due within one year
 16 
(2,321,012)
(2,769,714)

NET CURRENT ASSETS
  
 
 
357,234
 
 
373,542

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,003,223
5,342,768

Creditors: amounts falling due after more than one year
 17 
-
(123,367)

PROVISION FOR LIABILITIES
  

Deferred tax
 19 
(268,058)
(308,964)

NET ASSETS
  
4,735,165
4,910,437


CAPITAL AND RESERVES
  

Called up share capital 
 20 
1,000
1,000

Profit and loss account
 21 
4,734,165
4,909,437

SHAREHOLDERS' FUNDS
  
4,735,165
4,910,437


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




Mr P Clayton
Director

Date: 10 June 2025

The notes on pages 15 to 32 form part of these financial statements.

Page 12

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total
equity

£
£
£


AT 1 MAY 2023
1,000
5,126,560
5,127,560


COMPREHENSIVE LOSS FOR THE PERIOD

Loss for the period
-
(217,123)
(217,123)



AT 1 JANUARY 2024
1,000
4,909,437
4,910,437


COMPREHENSIVE LOSS FOR THE YEAR

Loss for the year
-
(175,272)
(175,272)


AT 31 DECEMBER 2024
1,000
4,734,165
4,735,165


The notes on pages 15 to 32 form part of these financial statements.

Page 13

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

12 months ended 31 December 2024
8 months ended 31 December 2023
£
£

CASH FLOWS FROM OPERATING ACTIVITIES

Loss for the period
(175,272)
(217,123)

ADJUSTMENTS FOR:

Depreciation of tangible assets
551,254
348,240

Interest receivable and similar income
(2,828)
(4,324)

Interest payable and similar expenses
110,406
87,661

Taxation charge
(40,906)
(48,929)

Decrease in stocks
252,721
202,658

Decrease in debtors
105,119
165,991

(Decrease) in creditors
(374,882)
(344,818)

Corporation tax received
-
30,437

NET CASH GENERATED FROM OPERATING ACTIVITIES

425,612
219,793


CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of tangible fixed assets
(228,017)
(46,031)

Interest received
2,828
4,324

NET CASH USED IN INVESTING ACTIVITIES

(225,189)
(41,707)

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of bank loan
-
(1,371,696)

Repayment of finance leases
(242,666)
(188,470)

Loan received from parent undertaking
-
1,330,086

Repayment of loan from parent undertaking
(30,735)
-

Bank loan interest paid
-
(48,390)

HP interest paid
(34,192)
(28,353)

NET CASH USED IN FINANCING ACTIVITIES
(307,593)
(306,823)

(DECREASE) IN CASH AND CASH EQUIVALENTS
(107,170)
(128,737)

Cash and cash equivalents at beginning of period
892,095
1,020,832

CASH AND CASH EQUIVALENTS AT THE END OF PERIOD
784,925
892,095


Comprising of cash at bank and in hand
784,925
892,095


Page 14

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Autajon Labels Royston England Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office and principal place of business is Unit 17 - 20 Greenfield, Royston, Hertfordshire SG8 5HN.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Directors have prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
The ultimate parent undertaking, Lagora S.Ã.R.L., has provided written confirmation that it will provide the necessary financial support to allow the Company to continue in operational existence and enable it to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements
In addition, Lagora S.Ã.R.L. has provided written confirmation that it does not intend to recall the intercompany loan amounting to £1,386,483 for at least 12 months from the date of approval of these financial statements. 
Given the liquidity of the Company at the date of signing the financial statements, together with the  support of its ultimate parent undertaking, the Directors believe that the Company is adequately placed to manage its business risks successfully and the Company will have adequate financial resources available to meet its liabilities as they fall due.

Page 15

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in Other Comprehensive Income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within either 'Interest Receivable' or 'Interest Payable'. All other foreign exchange gains and losses are presented in profit or loss within 'Administrative Expenses'.

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 16

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

LEASED ASSETS

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

DEFINED CONTRIBUTION PENSION SCHEME

The Company operates a defined contribution pension scheme for its employees. A defined contribution pension scheme is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in Other Creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 17

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as Other Comprehensive Income or to an item recognised directly in equity is also recognised in Other Comprehensive Income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 18

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.11
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1% straight line
Long-term leasehold property
-
over the period of the lease
Plant and machinery
-
10-20% straight line
Fixtures and fittings
-
20-25% straight line
Office equipment
-
25-33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.14

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.15

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 19

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.16

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

 

Page 20

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.17
FINANCIAL INSTRUMENTS (CONTINUED)

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 21

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may be different from these estimates.
Information about assumptions and estimation uncertainties that have significant risk of resulting in material adjustment within the next financial year are included below. Critical judgements that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relate to the following:
Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually based on industry knowledge and historical useful economic lives of previously owned tangible fixed assets. In making this assessment, management has taken into consideration industry conditions, the expected use period and the resale market for second hand assets.
Valuation of stocks
Stocks are held at the lower of cost and net realisable value. The Directors review the net realisable value of finished goods at each reporting date, and make provisions where they consider this to be lower than cost or where there is slow moving or obsolete stock.
Recoverability of trade debtors
A provision for bad and doubtful debts is made where it is identified that a trade debtor may not be recoverable in full by the Company. The bad and doubtful debt provision is made on a specific basis against customer balances where they are not considered recoverable based upon payment history and aging profile.


4.


TURNOVER

The whole of the turnover is attributable to the sale of complex embellished flexographic and digital self-adhesive labels.

Analysis of turnover by country of destination:

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

United Kingdom
7,400,155
5,030,209

Rest of Europe
499,342
729,461

Rest of World
15,694
21,132

7,915,191
5,780,802


Page 22

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


OPERATING LOSS

The operating loss is stated after charging/(crediting):

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

Depreciation of tangible fixed assets
551,254
348,240

Exchange differences
(5,550)
(135)

Other operating lease rentals
231,371
176,613


6.


AUDITOR'S REMUNERATION

During the period, the Company obtained the following services from the Company's auditor:


12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
15,000
13,750

The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated financial statements of the ultimate parent undertaking.


7.


EMPLOYEES

Staff costs, including Directors' remuneration, were as follows:


12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

Wages and salaries
2,458,048
1,728,371

Social security costs
254,269
177,537

Cost of defined contribution pension scheme
73,233
45,389

2,785,550
1,951,297


Page 23

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.EMPLOYEES (CONTINUED)

The average monthly number of employees, including the Directors, during the year/period was as follows:


12 months ended 31 December 2024
8 months ended 31 December 2023
            No.
            No.







Production
42
40



Studio
7
5



Other
19
28

68
73


8.


DIRECTORS' REMUNERATION

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

Directors' emoluments
154,700
184,351


There were no retirement benefits accruing to the Directors of the Company for either the year ended 31 December 2024 or the 8 months ended 31 December 2023.


9.


INTEREST RECEIVABLE AND SIMILAR INCOME

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£


Bank interest receivable
2,828
3,275

Interest receivable on Corporation Tax
-
1,049

2,828
4,324

Page 24

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


INTEREST PAYABLE AND SIMILAR EXPENSES

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£


Interest payable on loan to parent undertaking
76,214
10,918

Hire purchase interest payable
34,192
28,353

Interest payable on bank loan
-
48,390

110,406
87,661


11.


TAXATION


12 months ended 31
December
8 months ended 31
December
2024
2023
£
£

CURRENT TAX


UK Corporation Tax on losses for the period
-
-

DEFERRED TAX


Origination and reversal of timing differences
(40,906)
(48,929)


TAX ON LOSS ON ORDINARY ACTIVITIES
(40,906)
(48,929)
Page 25

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
 
11.TAXATION (CONTINUED)


FACTORS AFFECTING TAX CREDIT FOR THE PERIOD

The tax assessed for the period is higher than (2023 - higher than) the standard rate of Corporation Tax in the UK of 25.00% (2023 - 25.00%). The differences are explained below:

12 months ended 31
December
8 months ended 31
December
2024
2023
£
£


Loss on ordinary activities before tax
(216,178)
(266,052)


Loss on ordinary activities multiplied by standard rate of Corporation Tax in the UK of 25.00% (2023 - 25.00%)
(54,044)
(66,513)

EFFECTS OF:


Expenses not deductible for tax purposes
13,138
17,584

TOTAL TAX CHARGE FOR THE PERIOD
(40,906)
(48,929)


FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.

Page 26

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


TANGIBLE FIXED ASSETS





Freehold property
Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



COST


At 1 January 2024
3,164,077
823,012
7,994,148
167,639
508,142
12,657,018


Additions
-
-
119,434
10,466
98,117
228,017



At 31 December 2024

3,164,077
823,012
8,113,582
178,105
606,259
12,885,035



DEPRECIATION


At 1 January 2024
131,475
459,515
6,441,607
167,142
488,053
7,687,792


Charge for the year on owned assets
24,386
82,302
253,995
585
29,080
390,348


Charge for the year on financed assets
-
-
160,906
-
-
160,906



At 31 December 2024

155,861
541,817
6,856,508
167,727
517,133
8,239,046



NET BOOK VALUE



At 31 December 2024
3,008,216
281,195
1,257,074
10,378
89,126
4,645,989



At 31 December 2023
3,032,602
363,497
1,552,541
497
20,089
4,969,226


The net book value of assets held under finance leases or hire purchase contracts, included within plant and machinery above, amounted to £608,274 as at 31 December 2024 (2023 - £769,180).

Page 27

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


STOCKS

2024
2023
£
£

Raw materials and consumables
349,004
449,932

Work in progress (goods to be sold)
9,220
45,313

Finished goods and goods for resale
112,131
227,831

470,355
723,076


As at 31 December 2024 the carrying value of stocks are stated net of impairment losses amounting to £176,389 (8 months ended 31 December 2023 - £105,203). Impairment losses amounting to £71,186 (8 months ended 31 December 2023 - £105,203) were recognised in profit and loss in the year.


14.


DEBTORS

2024
2023
£
£


Trade debtors
1,269,562
1,354,201

Other debtors
408
354

Prepayments and accrued income
152,996
173,530

1,422,966
1,528,085



15.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
784,925
892,095


Page 28

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

16.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Obligations under finance lease and hire purchase contracts
126,454
245,753

Trade creditors
509,485
879,505

Amounts owed to fellow group undertakings
4,972
-

Loans owed to parent undertaking
1,386,483
1,341,004

Other taxation and social security
155,061
149,784

Other creditors
20,984
18,580

Accruals and deferred income
117,573
135,088

2,321,012
2,769,714


The loan owed to the parent undertaking of £1,386,483 (2023 - £1,341,004) is unsecured, bears interest at 5.80% (2023 - 5.35%) per annum and is repayable on demand.


17.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
123,367



18.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
126,454
245,753

Between 1-5 years
-
123,367

126,454
369,120

Obligations under finance leases and hire purchase contracts are secured on the assets that they relate to.

Page 29

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

19.


DEFERRED TAXATION




12 months ended 31
December 2024
8 months ended 31
December
2023


£

£






At beginning of period
308,964
357,893


Credit to profit or loss
(40,906)
(48,929)



AT END OF PERIOD
268,058
308,964

The deferred tax liability comprises:

2024
2023
£
£


Accelerated capital allowances
319,218
330,173

Short term timing differences
(1,419)
(1,464)

Losses
(49,741)
(19,745)

268,058
308,964


20.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000



21.


RESERVES

Profit and Loss Account

The Profit and Loss Account reserve represents the accumulated profits and losses, less dividends paid. The reserve is available for distribution to the shareholders.

Page 30

 
AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
22.


ANALYSIS OF NET DEBT





At 1 January 2024
Cash flows
Other non-cash changes
At 31 December 2024
£

£

£

£

Cash at bank and in hand

892,095

(107,170)

-

784,925

Loan from parent undertaking

(1,341,004)

30,735

(76,214)

(1,386,483)

Finance leases

(369,120)

242,666

-

(126,454)



(818,029)
166,231
(76,214)
(728,012)

Other non-cash changes represent interest payable on the loan from the parent undertaking which has been capitalised into the loan principal in the year.


23.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund for the year ended 31 December 2024 and amounted to £73,233 (8 months ended 31 December 2023 - £45,389). Contributions payable to the fund as at the balance sheet date amounted to £11,374 (2023 - £11,565) and are included in Other Creditors.


24.


COMMITMENTS UNDER OPERATING LEASES

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
144,287
214,622

Later than 1 year and not later than 5 years
304,762
436,023

449,049
650,645

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AUTAJON LABELS ROYSTON ENGLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

25.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemptions contained within FRS 102.33.1A not to disclose transactions with other group undertakings as it is a wholly owned subsidiary undertaking.
The Company has taken advantage of the exemptions contained within FRS 102.33.7A not to disclose key management personnel compensation in total as the key management personnel and Directors are considered to be the same. See note 8 for disclosure of Directors' remuneration.

Royston Labels Pension Fund
The Company paid Royston Labels Pension Fund, of which Mr P Clayton is a Trustee, rent at market value, amounting to £135,000 for the year ended 31 December 2024 (8 months ended 31 December 2023 - £90,000). At 31 December 2024 the Company was due a balance of £Nil (2023 - £Nil) from Royston Labels Pension Fund.


26.


CONTROLLING PARTY

The immediate parent undertaking is Lagora NG S.Ã.R.L., which holds 100% of the Company's issued share capital.
 
The parent undertaking of the smallest and largest group to consolidate the results of the Company is that headed by Lagora S.Ã.R.L., a private company limited by shares and incorporated in Luxembourg. Its registered office is 96, boulevard de la Pétrusse, Luxembourg, 2320, LU.
 
There is no ultimate controlling party as no single shareholder exercises overall control.

 
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