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REGISTERED NUMBER: 01203423 (England and Wales)















RATIONAL LABELLING & MARKING SYSTEMS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RATIONAL LABELLING & MARKING SYSTEMS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr A Katrantzis
Mr N Malkoutzis





REGISTERED OFFICE: Rational Labelling Unit B
13 Borough Road
Buckingham Road Industrial Estate
Brackley
Northamptonshire
NN13 7BE





REGISTERED NUMBER: 01203423 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,342 4,069

CURRENT ASSETS
Stocks 492,692 553,866
Debtors 5 130,390 176,893
Cash at bank and in hand 315,683 230,110
938,765 960,869
CREDITORS
Amounts falling due within one year 6 828,594 664,186
NET CURRENT ASSETS 110,171 296,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,513

300,752

CREDITORS
Amounts falling due after more than one
year

7

10,816

49,059
NET ASSETS 105,697 251,693

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 104,597 250,593
SHAREHOLDERS' FUNDS 105,697 251,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 5 June 2025 and were signed on its behalf by:





Mr A Katrantzis - Director


RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Rational Labelling & Marking Systems 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of machinery recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods..

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the repair and maintenance of machinery is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the work has been completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 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.

RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Deferred taxation
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
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 521,362 57,229 2,333 580,924
Additions - - 5,846 5,846
At 29 February 2024 521,362 57,229 8,179 586,770
DEPRECIATION
At 1 March 2023 518,070 57,228 1,557 576,855
Charge for year 1,172 1 2,400 3,573
At 29 February 2024 519,242 57,229 3,957 580,428
NET BOOK VALUE
At 29 February 2024 2,120 - 4,222 6,342
At 28 February 2023 3,292 1 776 4,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,979 142,538
Other debtors 16,685 21,685
VAT - 11,089
Deferred tax asset 726 1,581
130,390 176,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 492,640 396,798
Trade creditors 89,279 91,253
Amounts owed to group undertakings 3,977 -
Tax 7,053 5,846
Social security and other taxes 64,765 114,500
VAT 64,489 -
Other creditors 78,498 49,080
Credit Card 17,181 -
Directors' current accounts 1,542 1,357
Accruals and deferred income 9,170 5,352
828,594 664,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 10,816 49,059

RATIONAL LABELLING & MARKING SYSTEMS
LIMITED (REGISTERED NUMBER: 01203423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
110 Ordinary £10 1,100 1,100

9. RELATED PARTY DISCLOSURES

Rational Labelling & Marking Systems Ltd paid rent to Rational Properties Ltd of £32,400 for the accounting year 2024 (£27,000 2023) this rent is considered to be at market rate by the directors.