REGISTERED NUMBER: 06137671 (England and Wales)

AZTEC LABEL LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

C R Le Gresley

Mrs S E Le Gresley

SECRETARY:

Mrs S E Le Gresley

REGISTERED OFFICE:

Unit 1 Ricketts Close

Firs Industrial Estate

Kidderminster

Worcestershire

DY11 7QN

REGISTERED NUMBER:

06137671 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30th June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of printing self adhesive labels

DIRECTORS

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

C R Le Gresley

Mrs S E Le Gresley

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:

C R Le Gresley - Director

12th September 2025

TURNOVER

5,973,549

6,266,848

Cost of sales

5,005,925

5,252,084

GROSS PROFIT

967,624

1,014,764

Administrative expenses

844,951

798,546

122,673

216,218

Other operating income

2,012

2,367

OPERATING PROFIT

124,685

218,585

Interest receivable and similar income

205

477

124,890

219,062

Interest payable and similar expenses

12,377

20,006

PROFIT BEFORE TAXATION

112,513

199,056

Tax on profit

89,717

(9,810

)

PROFIT FOR THE FINANCIAL YEAR

22,796

208,866

FIXED ASSETS

Tangible assets

4

1,207,493

1,197,695

CURRENT ASSETS

Stocks

5

202,506

218,715

Debtors

6

1,236,772

1,238,098

Cash at bank

46,027

38,569

1,485,305

1,495,382

CREDITORS

Amounts falling due within one year

7

1,984,414

2,029,960

NET CURRENT LIABILITIES

(499,109

)

(534,578

)

TOTAL ASSETS LESS CURRENT LIABILITIES

708,384

663,117

CREDITORS

Amounts falling due after more than one year

8

(49,285

)

(115,599

)

PROVISIONS FOR LIABILITIES

10

(278,033

)

(188,355

)

ACCRUALS AND DEFERRED INCOME

(5,058

)

(5,951

)

NET ASSETS

376,008

353,212

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

375,908

353,112

SHAREHOLDERS' FUNDS

376,008

353,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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.

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 12th September 2025 and were signed on its behalf by:

C R Le Gresley - Director

Mrs S E Le Gresley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st July 2023

100

294,246

294,346

Changes in equity

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

208,866

208,866

Balance at 30th June 2024

100

353,112

353,212

Changes in equity

Total comprehensive income

-

22,796

22,796

Balance at 30th June 2025

100

375,908

376,008

1.	STATUTORY INFORMATION

Aztec Label 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The accounts have been prepared on a going concern basis. The directors confirm loans will be made available to the company to enable it to meet its liabilities as they fall due.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial liabilities, including trade and other debtors, bank loans and loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends to either settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments that have no stated interest rate are classified as payable or receivable within one year are initially measured at an un-discounted amount of the cash or other consideration expected to be paid, net of impairment.

Taxation

Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

With the exception of changes arising on the initial recognition of a business combination, the tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax assets and deferred tax liabilities are offset only if:

- The company has a legally enforceable right to set off current tax assets against current tax liabilities, and

- The deferred tax assets and deferred tax liabilities relate to corporation taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously.

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.

Grant income

The government grant received has been amortised on the basis of 15% reducing balance in line with the depreciation of the assets it relates to.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st July 2024

2,795,722

107,416

52,127

2,955,265

Additions

186,693

9,156

27,061

222,910

At 30th June 2025

2,982,415

116,572

79,188

3,178,175

DEPRECIATION

At 1st July 2024

1,674,713

54,318

28,539

1,757,570

Charge for year

196,161

9,351

7,600

213,112

At 30th June 2025

1,870,874

63,669

36,139

1,970,682

NET BOOK VALUE

At 30th June 2025

1,111,541

52,903

43,049

1,207,493

At 30th June 2024

1,121,009

53,098

23,588

1,197,695

The net book value of tangible fixed assets includes £ 209,250 (2024 - £ 246,177 ) in respect of assets held under hire purchase contracts.

5.

STOCKS

2025

2024

£

£

Stocks

197,355

195,143

Work-in-progress

5,151

23,572

202,506

218,715

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,063,410

1,122,745

Amounts owed by group undertakings

151,455

110,100

Other debtors

13,566

3,100

VAT

1,456

-

Prepayments

6,885

2,153

1,236,772

1,238,098

Included in trade debtors are factored invoices amounting to £564,774 (2023 - £537,479).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

65,497

85,827

Trade creditors

1,257,589

1,306,220

Tax

39

91

Social security and other taxes

85,574

91,207

Other creditors

568,527

540,725

Accrued expenses

5,478

3,878

Deferred government grants

1,710

2,012

1,984,414

2,029,960

Included in Other Creditors is an amount of £537,479 (2023 - £571,660) which has been advanced against factored debts as per note 6.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

44,653

110,150

Deferred government grants

4,632

5,449

49,285

115,599

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

110,150

195,977

Invoice financing

564,774

-

674,924

195,977

The invoice financing agreement is secured by way of a fixed and floating charge over the assets of the company.

Hire purchase liabilities are secured on the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

278,033

188,355

Deferred tax

£

Balance at 1st July 2024

188,355

Charge to Income Statement during year

89,678

Balance at 30th June 2025

278,033

11.	RELATED PARTY DISCLOSURES

Dividends of NIL were paid from Aztec Label Limited to its parent company, Cortes Gold Limited (2024 £150,000).

Rent of £187,400 and management charges of £48,000 were paid from Aztec Label Limited to its parent company, Cortes Gold Limited (2024 rent - £187,400 and management charges £24,000).