REGISTERED NUMBER: 12155317 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INKMAKER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V Cigna

C Rizzo

REGISTERED OFFICE:

Unit 1, Meridan Court

Compass Point Business Park

Stocks Bridge Way

St Ives

Cambridgeshire

PE27 5FH

REGISTERED NUMBER:

12155317 (England and Wales)

AUDITORS:

Seago and Stopps Limited

Chartered Certified Accountants

& Statutory Auditors

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

-

Intangible assets

4

-

3,957

Tangible assets

5

16,131

3

Investments

6

3

3,960

16,134

CURRENT ASSETS

175,189

Stocks

7

176,857

168,093

Debtors

8

324,928

228,525

Cash at bank and in hand

415,631

571,807

917,416

CREDITORS

661,624

Amounts falling due within one year

9

1,126,335

(89,817

)

NET CURRENT LIABILITIES

(208,919

)

(85,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(192,785

)

CREDITORS

138,410

Amounts falling due after more than one year

10

-

(224,267

)

NET LIABILITIES

(192,785

)

CAPITAL AND RESERVES

1

Called up share capital

11

1

(224,268

)

Retained earnings

12

(192,786

)

(224,267

)

SHAREHOLDERS' FUNDS

(192,785

)

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 18 June 2025 and were signed on its behalf by:

C Rizzo - Director

1.	STATUTORY INFORMATION

InkMaker UK 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 historical cost convention.

Related party exemption

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

Accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about 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.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The directors have considered their judgements and the level of estimation uncertainty upon areas such as depreciation and amortisation, stock valuation and write downs and warranties.In respect of these areas, any estimations and judgements are not considered critical to the disclosures in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Fixtures and fittings - 20% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Revaluation of tangible fixed assets

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in the income statement. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in the income statement.

Stocks

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

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to contractual provisions of the financial instrument. The company holds basic financial instruments which comprise cash at bank, trade and other receivables and trade and other payables.

(i) Cash at bank and in hand

Cash at bank and in hand include cash in hand, deposits held with banks, and other short term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables

Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

(iii) Trade and other payables and loans and borrowings

Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost. Amounts that are payable within one year are measured at the discounted amount of cash expected to be paid.

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.

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.

Hire purchase and leasing commitments

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

Going concern

2023 was a very good year, with multiple large orders. 2024 saw reduced turnover, with no large orders and other orders rolling into 2025. 2025 year to date figures are very encouraging, with year to date profits and a strong order book for large orders. The loan due to the parent company has been fully repaid in 2025, releasing cashflow for other activities. Cashflow remains strong.

Based on this, the going concern basis is therefore appropriate for these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

147,001

AMORTISATION

At 1 January 2024

and 31 December 2024

147,001

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Totals

machinery

fittings

£

£

£

COST

At 1 January 2024

30,413

19,717

10,696

Additions

17,430

15,071

2,359

Disposals

(15,996

)

(11,996

)

(4,000

)

At 31 December 2024

31,847

22,792

9,055

DEPRECIATION

At 1 January 2024

26,456

17,529

8,927

Charge for year

4,498

3,067

1,431

Eliminated on disposal

(15,238

)

(11,871

)

(3,367

)

At 31 December 2024

15,716

8,725

6,991

NET BOOK VALUE

At 31 December 2024

16,131

14,067

2,064

At 31 December 2023

3,957

2,188

1,769

6.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2024

and 31 December 2024

3

NET BOOK VALUE

At 31 December 2024

3

At 31 December 2023

3

In 2019 the company acquired 100% of the ordinary share capital of Rexson Systems Limited, a company incorporated in the United Kingdom. Rexson Systems Limited was dormant during the year ended 31st December 2024.

In 2019 the company acquired 100% of the ordinary share capital of Vale-Tech Limited, a company incorporated in the United Kingdom. Vale-Tech Limited was dormant during the year ended 31st December 2024.

In 2019 the company acquired 100% of the ordinary share capital of Colorweigh Limited, a company incorporated in the United Kingdom. Colorweigh Limited was dormant during the year ended 31st December 2024.

The registered office address of the above companies is Unit 1 Meridian Court, Compass Point Business Park, Stocks Bridge Way, St Ives, Cambridgeshire, PE27 5FH.

7.

STOCKS

31.12.24

31.12.23

£

£

Stocks

176,857

175,189

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

285,309

153,758

Amounts recoverable on contract

4,600

-

Other debtors

35,019

14,335

324,928

168,093

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

509,895

278,525

Amounts owed to group undertakings

111,599

104,348

Taxation and social security

77,485

10,835

Other creditors

427,356

267,916

1,126,335

661,624

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

-

138,410

Amounts falling due after more than one year represents amounts due to group undertakings.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

12.

RESERVES

Retained

earnings

£

At 1 January 2024

(224,268

)

Profit for the year

31,482

At 31 December 2024

(192,786

)

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

The Report of the Auditors was unqualified.

Andy Stopps FCCA (Senior Statutory Auditor)

for and on behalf of Seago and Stopps Limited

14.	CAPITAL COMMITMENTS

During 2024, the company entered into a ten year lease for its business premises in St Ives, Cambridgeshire.

The total cost of this lease commitment is £287,576. The annual commitment is £29,495 plus Value Added Tax.

15.	ULTIMATE CONTROLLING PARTY

The company is 100% owned by InkMaker SRL, a company incorporated in Italy. The registered office of InkMaker SRL is: Via Druento 46 - 10040, San Gillio, Italy.