REGISTERED NUMBER: 02721926 (England and Wales)

EXCEL LABELS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A.R. Keatinge

REGISTERED OFFICE:

25 Manorside Industrial Estate

North Moons Moat

Redditch

Worcestershire

B98 9HF

REGISTERED NUMBER:

02721926 (England and Wales)

AUDITORS:

Folkes Worton LLP

Chartered Accountants and Statutory Auditor

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

Barclays Bank Plc

15 Colmore Row

Birmingham

West Midlands

B3 2BH

FIXED ASSETS

Tangible assets

4

541,703

696,194

CURRENT ASSETS

Stocks

294,481

164,283

Debtors

5

1,272,992

1,286,498

Cash at bank

1,083,876

298,981

2,651,349

1,749,762

CREDITORS

Amounts falling due within one year

6

677,527

593,555

NET CURRENT ASSETS

1,973,822

1,156,207

TOTAL ASSETS LESS CURRENT LIABILITIES

2,515,525

1,852,401

PROVISIONS FOR LIABILITIES

89,913

143,491

NET ASSETS

2,425,612

1,708,910

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

800

800

Retained earnings

2,424,612

1,707,910

SHAREHOLDERS' FUNDS

2,425,612

1,708,910

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 director and authorised for issue on 26 September 2025 and were signed by:

Mr A.R. Keatinge - Director

1.	STATUTORY INFORMATION

Excel Labels 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.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 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.

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.

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 25 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,788,849

205,472

116,027

26,619

2,136,967

Additions

33,207

16,471

-

-

49,678

Disposals

(73,376

)

-

-

-

(73,376

)

At 31 December 2024

1,748,680

221,943

116,027

26,619

2,113,269

DEPRECIATION

At 1 January 2024

1,211,436

123,107

82,757

23,473

1,440,773

Charge for year

126,938

17,585

8,317

1,572

154,412

Eliminated on disposal

(23,619

)

-

-

-

(23,619

)

At 31 December 2024

1,314,755

140,692

91,074

25,045

1,571,566

NET BOOK VALUE

At 31 December 2024

433,925

81,251

24,953

1,574

541,703

At 31 December 2023

577,413

82,365

33,270

3,146

696,194

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

260,000

49,590

309,590

Transfer to ownership

(260,000

)

(49,590

)

(309,590

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

101,042

25,764

126,806

Transfer to ownership

(101,042

)

(25,764

)

(126,806

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

158,958

23,826

182,784

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

956,790

980,423

Other debtors

316,202

306,075

1,272,992

1,286,498

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

73,553

Trade creditors

243,994

48,603

Taxation and social security

403,375

263,272

Other creditors

30,158

208,127

677,527

593,555

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

-

73,553

Hire purchases are secured on the assets acquired.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Meredith FCA (Senior Statutory Auditor)

for and on behalf of Folkes Worton LLP

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A.R. Keatinge

Balance outstanding at start of year

241,535

-

Amounts advanced

-

241,535

Amounts repaid

(5,008

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

236,527

241,535

10.	ULTIMATE CONTROLLING PARTY

Control over the company is exercised by Mr. A.R. Keatinge by virtue of him holding a majority of the issued share capital of the company.