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REGISTERED NUMBER: 06845519 (England and Wales)












Marick Labels Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Marick Labels Ltd (Registered number: 06845519)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Marick Labels Ltd

Company Information
for the Year Ended 31 December 2024







Director: C Simmons





Registered office: Unit 2
Waterside Business Park
Hadfield
Glossop
Derbyshire
SK13 1BE





Registered number: 06845519 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Marick Labels Ltd (Registered number: 06845519)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 195,985 74,152

Current assets
Inventories 5 38,000 35,000
Debtors 6 619,992 603,689
Investments 7 177,236 104,000
Cash at bank 46,550 184,685
881,778 927,374
Creditors
Amounts falling due within one year 8 90,431 116,639
Net current assets 791,347 810,735
Total assets less current liabilities 987,332 884,887

Creditors
Amounts falling due after more than one
year

9

(24,266

)

(37,239

)

Provisions for liabilities (46,601 ) (15,148 )
Net assets 916,465 832,500

Marick Labels Ltd (Registered number: 06845519)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 916,365 832,400
Shareholders' funds 916,465 832,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





C Simmons - Director


Marick Labels Ltd (Registered number: 06845519)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Marick Labels Ltd 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 - going concern
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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Rented property improvements - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and 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 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.


Marick Labels Ltd (Registered number: 06845519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 7 ) .

Marick Labels Ltd (Registered number: 06845519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Property, plant and equipment
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2024 39,263 138,339 177,602
Additions - 170,828 170,828
At 31 December 2024 39,263 309,167 348,430
Depreciation
At 1 January 2024 29,517 73,933 103,450
Charge for year 1,949 47,046 48,995
At 31 December 2024 31,466 120,979 152,445
Net book value
At 31 December 2024 7,797 188,188 195,985
At 31 December 2023 9,746 64,406 74,152

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost
At 1 January 2024 122,000
Transfer to ownership (80,000 )
At 31 December 2024 42,000
Depreciation
At 1 January 2024 60,785
Charge for year 7,000
Transfer to ownership (53,786 )
At 31 December 2024 13,999
Net book value
At 31 December 2024 28,001
At 31 December 2023 61,215

Marick Labels Ltd (Registered number: 06845519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. Inventories
31.12.24 31.12.23
£    £   
Stock 38,000 35,000

6. Debtors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Trade debtors 186,869 255,040
Other debtors 433,123 348,649
619,992 603,689

7. Current asset investments
31.12.24 31.12.23
£    £   
Other 177,236 104,000

8. Creditors: amounts falling due within one year
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 6,091 5,951
Hire purchase contracts 7,314 15,076
Trade creditors 25,178 23,827
Taxation and social security 49,675 70,385
Other creditors 2,173 1,400
90,431 116,639

9. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£    £   
Bank loans 24,266 29,925
Hire purchase contracts - 7,314
24,266 37,239

10. Related party disclosures

Included in amounts due from related parties is an amount due from Synk Limited, of £44,850 (2023: £126,786).