REGISTERED NUMBER: 02667780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Etiquette Labels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C J Gough

T J L Bunce

SECRETARY:

Miss C J Gough

REGISTERED OFFICE:

Plot 6

Clywedog Road North

Wrexham Industrial Estate

Wrexham

Clwyd

LL13 9XN

REGISTERED NUMBER:

02667780 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Intangible assets

4

828

1,704

Tangible assets

5

605,373

616,357

606,201

618,061

CURRENT ASSETS

Stocks

424,622

426,965

Debtors

6

417,653

453,601

Cash at bank and in hand

59,104

61,919

901,379

942,485

CREDITORS

Amounts falling due within one year

7

968,050

978,974

NET CURRENT LIABILITIES

(66,671

)

(36,489

)

TOTAL ASSETS LESS CURRENT LIABILITIES

539,530

581,572

CREDITORS

Amounts falling due after more than one year

8

89,488

65,485

NET ASSETS

450,042

516,087

CAPITAL AND RESERVES

Called up share capital

20,100

20,100

Retained earnings

429,942

495,987

SHAREHOLDERS' FUNDS

450,042

516,087

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 10 November 2025 and were signed on its behalf by:

Miss C J Gough - Director

1.	STATUTORY INFORMATION

Etiquette 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance, 10% on reducing balance and 5% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 balance sheet date.

Deferred taxation

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.

No provision is made for taxation deferred in respect timing differences as in the opinion of the directors, there is a reasonable probability that the liability will not arise in the foreseeable future. (The unprovided deferred tax liability for the year ended 31 March 2025 is £119,114 (2024: £119,278)).

Foreign currencies

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

17,368

AMORTISATION

At 1 April 2024

15,664

Charge for year

876

At 31 March 2025

16,540

NET BOOK VALUE

At 31 March 2025

828

At 31 March 2024

1,704

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

146,384

2,177,938

160,193

Additions

-

6,205

-

Disposals

-

-

-

At 31 March 2025

146,384

2,184,143

160,193

DEPRECIATION

At 1 April 2024

141,768

1,675,574

144,593

Charge for year

1,830

60,345

2,942

Eliminated on disposal

-

-

-

At 31 March 2025

143,598

1,735,919

147,535

NET BOOK VALUE

At 31 March 2025

2,786

448,224

12,658

At 31 March 2024

4,616

502,364

15,600

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

274,243

19,234

2,777,992

Additions

74,006

3,811

84,022

Disposals

(40,674

)

(3,761

)

(44,435

)

At 31 March 2025

307,575

19,284

2,817,579

DEPRECIATION

At 1 April 2024

184,911

14,789

2,161,635

Charge for year

25,495

2,711

93,323

Eliminated on disposal

(38,991

)

(3,761

)

(42,752

)

At 31 March 2025

171,415

13,739

2,212,206

NET BOOK VALUE

At 31 March 2025

136,160

5,545

605,373

At 31 March 2024

89,332

4,445

616,357

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 April 2024

395,890

141,573

537,463

Additions

-

74,005

74,005

Transfer to ownership

(370,000

)

-

(370,000

)

At 31 March 2025

25,890

215,578

241,468

DEPRECIATION

At 1 April 2024

167,472

63,033

230,505

Charge for year

3,738

22,797

26,535

Transfer to ownership

(166,500

)

-

(166,500

)

At 31 March 2025

4,710

85,830

90,540

NET BOOK VALUE

At 31 March 2025

21,180

129,748

150,928

At 31 March 2024

228,418

78,540

306,958

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

388,281

441,222

Other debtors

-

462

Tax

400

-

Prepayments

28,972

11,917

417,653

453,601

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,383

10,086

Hire purchase contracts

40,719

74,325

Trade creditors

492,771

407,363

Tax

-

680

Social security and other taxes

22,889

22,003

Other creditors

59,082

77,548

Other finance

319,487

383,057

Associated company loan

22,520

3,729

Directors' current accounts

199

183

968,050

978,974

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loan account

1,854

12,354

Hire purchase contracts

87,634

53,131

89,488

65,485

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

12,237

22,440

Hire purchase contracts

128,353

127,456

Other finance

319,487

383,057

460,077

532,953

There is a fixed and floating charge over all assets of the company dated 29th May 2015, securing all monies due from the company to HSBC Bank Plc.

There is an All Assets Debenture dated 14th November 2011 securing all monies due from the company to RBS Invoice Finance Limited.

10.	RELATED PARTY DISCLOSURES