REGISTERED NUMBER: 02915169 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Label Apeel Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

S J Kellock

M D Kellock

H G McKinder

E N Kellock

SECRETARY:

M D Kellock

REGISTERED OFFICE:

Bo House

17 Pinfold Road

Thurmaston

Leicester

LE4 8AS

REGISTERED NUMBER:

02915169 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Label Apeel Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Label Apeel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Label Apeel Limited and state those matters that we have agreed to state to the Board of Directors of Label Apeel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Label Apeel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Label Apeel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Label Apeel Limited. You consider that Label Apeel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Label Apeel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

31 October 2025

FIXED ASSETS

Tangible assets

4

3,249,757

3,438,909

CURRENT ASSETS

Stocks

440,103

472,816

Debtors

5

1,008,567

1,193,466

Cash at bank and in hand

177,207

117,316

1,625,877

1,783,598

CREDITORS

Amounts falling due within one year

6

1,556,662

1,495,064

NET CURRENT ASSETS

69,215

288,534

TOTAL ASSETS LESS CURRENT LIABILITIES

3,318,972

3,727,443

CREDITORS

Amounts falling due after more than one year

7

(855,317

)

(1,125,636

)

PROVISIONS FOR LIABILITIES

(538,921

)

(438,294

)

NET ASSETS

1,924,734

2,163,513

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Retained earnings

10

1,919,734

2,158,513

SHAREHOLDERS' FUNDS

1,924,734

2,163,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 October 2025 and were signed on its behalf by:

S J Kellock - Director

1.	STATUTORY INFORMATION

Label Apeel 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

Revenue is recognised to the extent that it it probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated

with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss account.

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.

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.

Government grants

Government grants receivable in relation to the Made Smarter East Midlands Adoption Programme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 44 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

1,369,997

4,152,432

515,463

Additions

-

278,194

4,090

At 31 March 2025

1,369,997

4,430,626

519,553

DEPRECIATION

At 1 April 2024

178,913

2,261,800

230,771

Charge for year

19,599

378,912

51,347

At 31 March 2025

198,512

2,640,712

282,118

NET BOOK VALUE

At 31 March 2025

1,171,485

1,789,914

237,435

At 31 March 2024

1,191,084

1,890,632

284,692

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

136,914

149,707

6,324,513

Additions

-

26,168

308,452

At 31 March 2025

136,914

175,875

6,632,965

DEPRECIATION

At 1 April 2024

111,053

103,067

2,885,604

Charge for year

14,991

32,755

497,604

At 31 March 2025

126,044

135,822

3,383,208

NET BOOK VALUE

At 31 March 2025

10,870

40,053

3,249,757

At 31 March 2024

25,861

46,640

3,438,909

Land included in freehold property is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

528,509

708,772

Amounts owed by group undertakings

476,158

476,151

Other debtors

-

5,678

Directors' current accounts

570

-

Prepayments and accrued income

3,330

2,865

1,008,567

1,193,466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

104,096

104,097

Hire purchase contracts

387,222

337,290

Trade creditors

505,189

601,918

Corporation tax

143,892

3,049

VAT

101,199

43,647

Other creditors

118,201

205,226

Directors' current accounts

460

203

Accruals and deferred income

13,553

12,184

Deferred government grants

182,850

187,450

1,556,662

1,495,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

314,840

421,176

Hire purchase contracts

530,280

693,278

Accruals and deferred income

10,197

11,182

855,317

1,125,636

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

418,936

525,273

Hire purchase contracts

917,502

1,030,568

1,336,438

1,555,841

The bank loans are secured on the company's assets.

The hire purchase agreements are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

4,500

Ordinary A

£1

4,500

4,500

500

Ordinary B

£1

500

500

5,000

5,000

10.

RESERVES

Retained

earnings

£

At 1 April 2024

2,158,513

Profit for the year

172,703

Dividends

(411,482

)

At 31 March 2025

1,919,734

11.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

The company had total guarantees and commitments at the balance sheet date of £94,278 (2024 - £77,750).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

H G McKinder

Balance outstanding at start of year

-

-

Amounts advanced

570

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

570

-