Limpet Labels (U.K.) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02699527 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Limpet Labels (U.K.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L G Goode

P A Williams

Mrs J P Goode

J N Dudley

N P Williams

SECRETARY:

L Goode

REGISTERED OFFICE:

Russell House

Abbey Road North

Wrexham Industrial Estate

Wrexham

LL13 9RX

REGISTERED NUMBER:

02699527 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

1,452,574

1,684,058

Investments

5

150,875

50

Investment property

6

338,399

1,941,848

2,022,507

CURRENT ASSETS

Stocks

141,061

111,428

Debtors

7

681,076

661,368

Investments

8

34,431

Cash at bank

2,079,176

2,024,063

2,935,744

2,831,290

CREDITORS

Amounts falling due within one year

9

989,704

1,109,406

NET CURRENT ASSETS

1,946,040

1,721,884

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,887,888

3,744,391

CREDITORS

Amounts falling due after more than one
year

10

(114,896

)

(286,832

)

PROVISIONS FOR LIABILITIES

(292,789

)

(267,241

)

NET ASSETS

3,480,203

3,190,318

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

3,479,203

3,189,318

SHAREHOLDERS' FUNDS

3,480,203

3,190,318

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 9 December 2025 and were signed on its behalf by:

L G Goode - Director

1.	STATUTORY INFORMATION

Limpet Labels (U.K.) 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.

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

-

straight line over 3 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 29 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

793,414

2,229,846

99,253

Additions

-

At 31 March 2025

793,414

2,229,846

99,253

DEPRECIATION

At 1 April 2024

438,220

911,436

90,221

Charge for year

42,216

258,514

1,800

At 31 March 2025

480,436

1,169,950

92,021

NET BOOK VALUE

At 31 March 2025

312,978

1,059,896

7,232

At 31 March 2024

355,194

1,318,410

9,032

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

137,013

123,824

3,383,350

Additions

-

80,904

At 31 March 2025

137,013

204,728

3,464,254

DEPRECIATION

At 1 April 2024

135,732

123,683

1,699,292

Charge for year

324

9,534

312,388

At 31 March 2025

136,056

133,217

2,011,680

NET BOOK VALUE

At 31 March 2025

957

71,511

1,452,574

At 31 March 2024

1,281

141

1,684,058

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

1,106,080

DEPRECIATION

At 1 April 2024

460,256

Charge for year

129,165

At 31 March 2025

589,421

NET BOOK VALUE

At 31 March 2025

516,659

At 31 March 2024

645,824

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

50

Additions

150,825

At 31 March 2025

150,875

NET BOOK VALUE

At 31 March 2025

150,875

At 31 March 2024

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

338,399

NET BOOK VALUE

At 31 March 2025

338,399

At 31 March 2024

338,399

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

487,456

465,460

Other debtors

168,272

Prepayments

25,348

27,636

681,076

661,368

8.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

Metals

34,431

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

84,137

100,896

Hire purchase contracts

171,905

189,282

Trade creditors

305,557

301,098

Tax

223,518

234,059

Social security and other taxes

106,944

116,135

Other creditors

5,105

6,126

Directors' current accounts

4,062

1,075

Accruals and Deferred Income

88,476

160,735

989,704

1,109,406

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

114,896

286,832

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Hire Purchase Contracts

286,802

476,114

12.	OTHER FINANCIAL COMMITMENTS

At 31st March 2025 the company had the following annual commitments under non-cancellable operating leases as follows:-

Land and Buildings

2025

2024

£

Expiry date

Between two and five years

65,000

13.	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

£

L G Goode

Balance outstanding at start of year

(1,075

)

(842

)

Amounts advanced

(2,987

)

(233

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(4,062

)

(1,075

)

14.	RELATED PARTY DISCLOSURES

During the year the company undertook the following transactions with related parties:

Prince Developments

£

Rent paid during the year 65000

Mr L G Goode is a joint partner of Prince Developments.

15.	ULTIMATE CONTROLLING PARTY

Mr L.Goode is the ultimate controlling party of Limpet Labels (UK) Limited.