IRIS Accounts Production v25.2.0.378 06039514 Board of Directors 1.1.24 31.12.24 31.12.24 the provision of high quality stamps and accessories. false true true false false true true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06039514 2023-12-31 06039514 2024-12-31 06039514 2024-01-01 2024-12-31 06039514 2022-12-31 06039514 2023-01-01 2023-12-31 06039514 2023-12-31 06039514 ns15:EnglandWales 2024-01-01 2024-12-31 06039514 ns14:PoundSterling 2024-01-01 2024-12-31 06039514 ns10:Director1 2024-01-01 2024-12-31 06039514 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06039514 ns10:SmallEntities 2024-01-01 2024-12-31 06039514 ns10:Audited 2024-01-01 2024-12-31 06039514 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 06039514 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06039514 ns10:FullAccounts 2024-01-01 2024-12-31 06039514 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 06039514 ns10:Director2 2024-01-01 2024-12-31 06039514 ns10:RegisteredOffice 2024-01-01 2024-12-31 06039514 ns5:CurrentFinancialInstruments 2024-12-31 06039514 ns5:CurrentFinancialInstruments 2023-12-31 06039514 ns5:ShareCapital 2024-12-31 06039514 ns5:ShareCapital 2023-12-31 06039514 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 06039514 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 06039514 ns5:ComputerEquipment 2024-01-01 2024-12-31 06039514 ns5:OwnedAssets 2024-01-01 2024-12-31 06039514 ns5:OwnedAssets 2023-01-01 2023-12-31 06039514 ns5:ComputerEquipment 2023-12-31 06039514 ns5:ComputerEquipment 2024-12-31 06039514 ns5:ComputerEquipment 2023-12-31 06039514 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 06039514 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 06039514 ns5:Non-currentFinancialInstruments 2024-12-31 06039514 ns5:Non-currentFinancialInstruments 2023-12-31 06039514 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 06039514 (England and Wales)

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2024 |

| FOR |

| STAMPIN' UP! UK LIMITED |

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Report of the Independent Auditors | 3 |

| Income Statement | 6 |

| Balance Sheet | 7 |

| Notes to the Financial Statements | 8 |

| STAMPIN' UP! UK LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | Mr L B Sutherland

| Mrs M L Hunt

| REGISTERED OFFICE: | Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

| REGISTERED NUMBER: | 06039514 (England and Wales)

| AUDITORS: | Richardson Jones

| Chartered Accountants &

| Registered Auditors

| Mercury House

| 19-21 Chapel Street

| Marlow

| Buckinghamshire

| SL7 3HN

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

Mr L B Sutherland

Mrs M L Hunt

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made during the year (2023 - £nil).

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 and then apply them consistently;

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

- | 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 enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Richardson Jones, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs M L Hunt - Director

11th September 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STAMPIN' UP! UK LIMITED

Opinion

We have audited the financial statements of Stampin' Up! UK Limited (the 'company') for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The 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 31st December 2024 and of its profit 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 Auditors' 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 UK, including the FRC'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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our 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.

In connection with our audit of the financial statements, 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 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.

Opinions 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STAMPIN' UP! UK LIMITED

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 Report of the Directors.

We have nothing to report in respect of the following matters where 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; or

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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.

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to Stampin' Up! UK Limited and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Sarbanes-Oxley Act, the Companies Act 2006 and UK tax legislation. Our procedures included:

- agreeing the financial statement disclosures to underlying supporting documentation

- enquiries with management

- understanding of management's internal controls designed to prevent and detect irregularities

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

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 Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

STAMPIN' UP! UK LIMITED

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 2006. Our 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 a Report of the Auditors 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.

G Thrush (Senior Statutory Auditor)

for and on behalf of Richardson Jones

Chartered Accountants &

Registered Auditors

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

11th September 2025

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

INCOME STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2024

31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £

TURNOVER | 1,962,899 |  | 2,133,750 |  |

Cost of sales | 867,062 |  | 1,110,550 |  |

GROSS PROFIT | 1,095,837 |  | 1,023,200 |  |

Distribution costs | 284,763 |  | 315,565 |  |

Administrative expenses | 769,149 |  | 697,260 |  |

|  | 1,053,912 |  |  |  | 1,012,825 |  |

OPERATING PROFIT and |

PROFIT BEFORE TAXATION | 41,925 |  | 10,375 |  |

Tax on profit | 10,628 |  | 133,193 |  |

PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 31,297 |  | (122,818 | ) |

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

BALANCE SHEET

31ST DECEMBER 2024

31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 | 1,020 |  | 66 |  |

CURRENT ASSETS

Debtors | 6 | 98,204 |  | 82,624 |  |

Cash at bank | 188,105 |  | 172,071 |  |

286,309 |  | 254,695 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,395,216 |  | 1,393,945 |  |

NET CURRENT LIABILITIES | (1,108,907 | ) | (1,139,250 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,107,887 | ) | (1,139,184 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 25,000 |  | 25,000 |  |

Retained earnings | (1,132,887 | ) | (1,164,184 | ) |

SHAREHOLDERS' FUNDS | (1,107,887 | ) | (1,139,184 | ) |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2025 and were signed on its behalf by:

Mrs M L Hunt - Director

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Stampin' Up! 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statement have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company is a qualifying entity for the purposes of FRS102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

| o |  | Section 7 'Statement of Cash Flows' - Presentation of a statement of cash flow and related notes and disclosures; |  |

| o |  | Section 33 'Related Party Disclosures' - Transactions and balances between related parties. |  |

| The financial statements of the company are consolidated in the financial statements of Stampin' Up! Inc. The consolidated financial statements of Stampin' Up! Inc. are available from 5 Triad Center, Ste. 600, Salt Lake City, Utah, 84180, USA.

| Going concern

| The financial statements have been prepared on the going concern basis. The director believes this basis or preparation to be appropriate as the ultimate parent company, Stampin' Up Inc., has provided a written undertaking not to withdraw existing funds and to provide additional funding for at least 12 months from the date of approval of these financial statements to enable the company to continue to trade and meet its obligations as they fall due.

| The director is confident that the promised support will be forthcoming and accordingly the financial statements do not contain any adjustments which may arise if the parent company support is withdrawn.

| Turnover

| Turnover 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.

| Computer equipment | - | 33% on cost

| 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.

| 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.

| Turnover

| Turnover represents the sale of goods and events net of Value Added Tax and discounts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

4. | OPERATING PROFIT

| The operating profit is stated after charging:

31.12.24 | 31.12.23 |

| £ | £

| Depreciation - owned assets | 193 |  | 396 |  |

5. | TANGIBLE FIXED ASSETS

Computer |

equipment |

| £

| COST

| At 1st January 2024 | 2,144 |  |

| Additions | 1,147 |  |

| At 31st December 2024 | 3,291 |  |

| DEPRECIATION

| At 1st January 2024 | 2,078 |  |

| Charge for year | 193 |  |

| At 31st December 2024 | 2,271 |  |

| NET BOOK VALUE

| At 31st December 2024 | 1,020 |  |

| At 31st December 2023 | 66 |  |

6. | DEBTORS

31.12.24 | 31.12.23 |

| £ | £

| Amounts falling due within one year:

| Other debtors | 28,379 |  | 3,631 |  |

| Prepayments | 5,453 |  | 3,993 |  |

33,832 |  | 7,624 |  |

| Amounts falling due after more than one year:

| Deferred tax | 64,372 |  | 75,000 |  |

| Aggregate amounts | 98,204 |  | 82,624 |  |

| The deferred tax asset is based on only a proportion of the tax losses available. This looks at the foreseeable future profits and provides a sustainable view on the probability of utilisation of the asset.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.12.24 | 31.12.23 |

| £ | £

| Trade creditors | 6,205 |  | 14,073 |  |

| Amounts owed to group undertakings | 1,230,867 |  | 1,211,861 |  |

| Social security and other taxes | 490 |  | 2,370 |  |

| VAT | 34,905 |  | 33,848 |  |

| Other creditors | 18,013 |  | 19,324 |  |

| Deferred income | 74,084 |  | 76,250 |  |

| Accrued expenses | 30,652 |  | 36,219 |  |

1,395,216 |  | 1,393,945 |  |

| STAMPIN' UP! UK LIMITED (REGISTERED NUMBER: 06039514) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |

value: |  | £ | £

| 25,000 | Ordinary | 1 | 25,000 |  | 25,000 |  |

9. | RELATED PARTY DISCLOSURES

| 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.

10. | ULTIMATE CONTROLLING PARTY AND GOING CONCERN

| The ultimate controlling party is S. Gardner.

| S. Gardner is the ultimate controlling party by virtue of her 93% shareholding in the ultimate parent company Stampin' Up! Inc.

| The company is a UK subsidiary of a larger trading group. The majority of products and services are purchased from other group companies. By nature of this trading dependency, there is a inherent going concern reliant on the rest of the group. Without the amount of support from the group, the company would not be able to continue. The holding company and group is fully supportive of the UK operation and currently has no intention of withdrawing support.