Vista Labels Ltd
Registered number: 01169170
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 700 700
Tangible assets 5 1,220,360 1,393,812
1,221,060 1,394,512
Current assets
Stocks 278,649 264,436
Debtors 6 809,714 1,126,772
Cash at bank and in hand 626,059 364,871
1,714,422 1,756,079
Creditors: amounts falling due within one year 7 (765,283) (882,394)
Net current assets 949,139 873,685
Total assets less current liabilities 2,170,199 2,268,197
Creditors: amounts falling due after more than one year 8 (197,930) (295,874)
Deferred tax 9 (222,500) (229,500)
Net assets 1,749,769 1,742,823
Capital and reserves
Called up share capital 10 1,970 1,970
Share premium 11 30 30
Profit and loss account 1,747,769 1,740,823
Shareholders' funds - Net Equity 1,749,769 1,742,823
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs R Clarke
Director
Approved by the board on 22 August 2025
Vista Labels Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and are in respect of the 12 months ended 31 December 2024 with comparatives for the 12 months ended 31 December 2023.
Entities are required to adopt the going concern basis of accounting, except in circumstances where the company determines at the date of approval of the accounts that it is not acceptable.
The future is of course uncertain due to the unknown future impact the supply chains, affected by such as Brexit and the war in Ukraine, might have on the Company which may be out of our control.
We have however been able to look at the position since the year-end up to the current date.
At present the Directors have carried out an assessment and believe the company is willing and able to stay in business for the foreseeable future covering at least 12 months from approval of these accounts subject to the above.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets - Goodwill
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Created goodwill is however not included.
Tangible fixed assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 5% to 50% straight line
Motor vehicles 25% reducing balance
Computer 20% to 33.33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Work in progress is valued by the Directors at direct cost and attributable productive overheads.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Tax is payable under currrent legislation once the timing differences reverse at the rates based upon the taxable profit. Deferred tax has been provided at 19% which is the expected rate to be applied to the reversal of timing differences each year. After review, it is considered the higher rate of taxation of 25% from 01/04/2023 is not expected to affect the company at present. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Interest payable 2024 2023
£ £
Hire purchase / other 8,401 11,685
Interest payable 8,401 11,685
3 Taxation 2024 2023
£ £
UK corporation tax 7,930 522
Deferred tax (7,000) 6,000
930 6,522
4 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 226,300
At 31 December 2024 226,300
Amortisation
At 1 January 2024 225,600
At 31 December 2024 225,600
Net book value
At 31 December 2024 700
At 31 December 2023 700
The company purchased the goodwill of Columbia Print on 30th March 2007 for a total cost £226,300. The value of created goodwill is not included.
5 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 4,444,717 24,520 4,469,237
Additions 30,213 18,246 48,459
Disposals (258,419) - (258,419)
At 31 December 2024 4,216,511 42,766 4,259,277
Depreciation
At 1 January 2024 3,057,479 17,946 3,075,425
Charge for the year 217,843 4,068 221,911
On disposals (258,419) - (258,419)
At 31 December 2024 3,016,903 22,014 3,038,917
Net book value
At 31 December 2024 1,199,608 20,752 1,220,360
At 31 December 2023 1,387,238 6,574 1,393,812
6 Debtors 2024 2023
£ £
Trade debtors 750,785 1,069,537
Other debtors 58,929 57,235
809,714 1,126,772
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 97,942 146,562
Director's loan (note 13) (10) 3
Trade creditors 451,850 467,816
Corporation tax 7,950 400
Other taxes and social security costs 93,806 150,608
Other creditors 113,745 117,005
765,283 882,394
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 197,930 295,874
Total falling due within one year 97,942 146,562
Total falling due after more than one year 197,930 295,874
295,872 442,436
These obligations are secured on the assets financed.
9 Provisions for liabilities 2024 2023
Deferred taxation: £ £
Accelerated capital allowances 222,500 229,500
2024 2023
£ £
At 1 January at 19% 229,500 223,500
Deferred tax (credit)/charge in Profit and Loss Account (7,000) 6,000
At 31 December at 19% 222,500 229,500
10 Share capital Nominal Value 2024 2024 2023
£ £
Alloted, called up and fully paid
Ordinary shares £1 each 1970 1,970 1,970
11 Share premium 2024 2023
£ £
At 1 January 2024 30 30
At 31 December 2024 30 30
12 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid - -
13 The Related Party Transactions
The related party transactions were as follows:
The balance on the Directors' loan relates to R Clarke, arising mainly from business mileage for the company in her personal vehicle, offset by expense payments on her behalf (see note 7).
The company pays for the preparation of accounts services with regard to the Directors' Self Administered Pension Scheme of £1,750 (Dec 2023 £1,695) and also the cost of pension advising services of £3,098 (Dec 2023 £1,888).
During the period four properties were rented by Directors' Self Administered Pension Plan to the company at market rent £117,499 + VAT p.a. (Dec 2023 £80,000 + VAT) (paid monthly). The leases are for a period of 10 years to 2028. The annual rental has been increased to £130,000 from April 2024.
Any dividends paid in the year would be paid in the proportion of shares held. None have been paid this year.
.
14 Controlling party
The ultimate controlling party is the Estate of Mr D Grice (deceased).
15 Other information
Vista Labels Ltd is a private company limited by shares and incorporated in England. Its registered office is: Vista House, 349 Hempshaw Lane, Stockport, CHESHIRE SK1 4NB
16 Average number of employees
2024 2023
The number of employees during the year was 31
The number of employees during the year was 36
17 Post Balance Sheet Events
No material events have arisen since the year end, which necessitate revision to these accounts.
18 Operating lease commitments 2024 2023
( Non cancellable) Land & Buildings Other Land & Buildings Other
£ £ £ £
Minimum lease payments under non cancellable operating leases due not later than one year 130,000 2,187 117,500 8,079
Due later than one year and not later than five years 250,826 3,869 380,000 5,664
Due after more than five years - - - -
380,826 6,056 497,500 13,743
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