REGISTERED NUMBER: 13599665 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PFW Label Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Fellows

P M Fellows

B Beech

G Roberts

REGISTERED OFFICE:

Unit 5 Millbuck Way

Springvale Industrial Estate

Sandbach

Cheshire

CW11 3GQ

REGISTERED NUMBER:

13599665 (England and Wales)

FIXED ASSETS

Intangible assets

4

60,208

68,708

Tangible assets

5

30,021

43,483

90,229

112,191

CURRENT ASSETS

Stocks

321,533

222,225

Debtors

6

755,389

164,025

Cash at bank

95,063

133,971

1,171,985

520,221

CREDITORS

Amounts falling due within one year

7

(1,235,865

)

(401,399

)

NET CURRENT (LIABILITIES)/ASSETS

(63,880

)

118,822

TOTAL ASSETS LESS CURRENT LIABILITIES

26,349

231,013

PROVISIONS FOR LIABILITIES

(1,307

)

(1,313

)

NET ASSETS

25,042

229,700

CAPITAL AND RESERVES

Called up share capital

8

185

100

Share premium

19,748

-

Retained earnings

5,109

229,600

SHAREHOLDERS' FUNDS

25,042

229,700

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

B Beech - Director

G Roberts - Director

1.	STATUTORY INFORMATION

PFW Label Solutions Ltd ('The Company') is primarily engaged in the wholesale of printed labels and similar products.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business and registered office is Unit 5 Millbuck Way, Springvale Industrial Estate, Sandbach, Cheshire, CW11 3GQ.The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle 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.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

The company has gone through a period of restructuring its trading environment as it seeks to enter into new markets and trading opportunities. The company has benefited from the new shareholders taking an equity stake in the company who have indicated their willingness to financially support the company during its period of transition.

After accounting for this issue and any other economic factors within the wider environment, no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors and therefore it is considered appropriate to prepare the financial statements on the going concern basis.

Turnover

Revenue (described as turnover) is recognised on the delivery of goods to the customer and on the performance of services for the customer (net of VAT). It is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

33% on cost and 20% on cost

Stocks

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

85,000

AMORTISATION

At 1 January 2024

16,292

Charge for year

8,500

At 31 December 2024

24,792

NET BOOK VALUE

At 31 December 2024

60,208

At 31 December 2023

68,708

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

70,524

Additions

2,173

At 31 December 2024

72,697

DEPRECIATION

At 1 January 2024

27,041

Charge for year

15,635

At 31 December 2024

42,676

NET BOOK VALUE

At 31 December 2024

30,021

At 31 December 2023

43,483

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

420,037

153,757

Other debtors

335,352

10,268

755,389

164,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

388,917

9,520

Taxation and social security

43,154

71,602

Other creditors

803,794

320,277

1,235,865

401,399

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

25

Ordinary A

£1

25

25

2

Ordinary B

£1

2

25

25

Ordinary C

£1

25

25

2

Ordinary D

£1

2

25

23

Ordinary E

£1

23

-

13

Ordinary F

£1

13

-

3

Ordinary G

£1

3

-

3

Ordinary H

£1

3

-

2

Ordinary I

£1

2

-

2

Ordinary J

£1

2

-

850

Growth Shares

10p

85

-

185

100

The following shares were issued during the year:

850 Growth Shares shares of 10p for cash of £19833

The company undertook a share reorganisation of its Ordinary Share Capital during the year, undertaking a share for share exchange to its existing members.