REGISTERED NUMBER: SC355936 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

PREMIER LABELS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Forward

G Kerr

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC355936 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,222

31,413

23,222

31,413

CURRENT ASSETS

Stocks

6

17,456

4,206

Debtors

7

104,146

126,175

Cash at bank and in hand

61,995

127,327

183,597

257,708

CREDITORS

Amounts falling due within one year

8

114,415

130,627

NET CURRENT ASSETS

69,182

127,081

TOTAL ASSETS LESS CURRENT LIABILITIES

92,404

158,494

PROVISIONS FOR LIABILITIES

5,805

7,853

NET ASSETS

86,599

150,641

CAPITAL AND RESERVES

Called up share capital

106

106

Retained earnings

86,493

150,535

SHAREHOLDERS' FUNDS

86,599

150,641

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 September 2025 and were signed on its behalf by:

G Forward - Director

G Kerr - Director

1.	STATUTORY INFORMATION

Premier Labels Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

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 a reducing balance basis

Fixtures and fittings

-

25% on a reducing balance basis

Computer equipment

-

33% on a straight line basis

Stocks

Stocks 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.

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.

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 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

119,120

AMORTISATION

At 1 May 2024

and 30 April 2025

119,120

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

291,388

6,993

25,666

324,047

DEPRECIATION

At 1 May 2024

262,592

4,896

25,146

292,634

Charge for year

7,199

525

467

8,191

At 30 April 2025

269,791

5,421

25,613

300,825

NET BOOK VALUE

At 30 April 2025

21,597

1,572

53

23,222

At 30 April 2024

28,796

2,097

520

31,413

The net book value of the company's fixed assets includes £14,783 (2024: £19,710) in respect of assets held under finance leases or hire purchase contracts. Depreciation charged on these assets during the year amounted to £4,927 (2024: £6,570).

6.

STOCKS

2025

2024

£

£

Stocks

17,456

4,206

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

102,622

123,621

Other debtors

1,524

2,554

104,146

126,175

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

70,905

65,321

Taxation and social security

38,996

62,955

Other creditors

4,514

2,351

114,415

130,627

9.	RELATED PARTY DISCLOSURES

At 30 April 2025, the company was owed by Premier Labels (Holdings) Ltd £1,524 (2024: £2,554), in respect of loans advanced.

10.	ULTIMATE PARENT COMPANY

Premier Labels (Holdings) Ltd is regarded by the directors as being the company's ultimate parent company.