REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

SPRITE LABELS LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Certified Accountants' Report

10

DIRECTORS:

Mrs L S Jessop

A Katsouris

SECRETARY:

A Katsouris

REGISTERED OFFICE:

Unit 8 Glaisdale Point

Glaisdale Parkway

Bilborough

Nottingham

NG8 4GP

REGISTERED NUMBER:

02194736 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the printing of labels and ancillary products.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

Mrs L S Jessop

A Katsouris

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Katsouris - Director

29 October 2025

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

756,887

692,595

756,887

692,595

CURRENT ASSETS

Stocks

489,418

356,814

Debtors

7

1,573,553

1,889,068

Cash at bank

1,167,792

797,396

3,230,763

3,043,278

CREDITORS

Amounts falling due within one year

8

1,609,411

1,443,648

NET CURRENT ASSETS

1,621,352

1,599,630

TOTAL ASSETS LESS CURRENT LIABILITIES

2,378,239

2,292,225

CREDITORS

Amounts falling due after more than one year

9

(253,791

)

(286,055

)

PROVISIONS FOR LIABILITIES

11

(200,219

)

(168,818

)

NET ASSETS

1,924,229

1,837,352

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

13

1,923,229

1,836,352

SHAREHOLDERS' FUNDS

1,924,229

1,837,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

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

A Katsouris - Director

1.	STATUTORY INFORMATION

Sprite 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2018, is being amortised evenly over its estimated useful life of two 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.

Plant and machinery etc

-

25% on reducing balance and Over the life of the lease

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 Statement of Income and Retained Earnings, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 32 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

5,000

AMORTISATION

At 1 May 2024

and 30 April 2025

5,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

11,351

2,046,332

64,553

Additions

2,460

199,296

27,446

Disposals

-

(46,978

)

-

At 30 April 2025

13,811

2,198,650

91,999

DEPRECIATION

At 1 May 2024

2,789

1,438,327

44,372

Charge for year

225

164,453

7,788

Eliminated on disposal

-

(25,393

)

-

At 30 April 2025

3,014

1,577,387

52,160

NET BOOK VALUE

At 30 April 2025

10,797

621,263

39,839

At 30 April 2024

8,562

608,005

20,181

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

81,810

13,004

2,217,050

Additions

61,246

4,684

295,132

Disposals

(48,310

)

(334

)

(95,622

)

At 30 April 2025

94,746

17,354

2,416,560

DEPRECIATION

At 1 May 2024

32,789

6,178

1,524,455

Charge for year

21,187

2,177

195,830

Eliminated on disposal

(34,935

)

(284

)

(60,612

)

At 30 April 2025

19,041

8,071

1,659,673

NET BOOK VALUE

At 30 April 2025

75,705

9,283

756,887

At 30 April 2024

49,021

6,826

692,595

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 May 2024

456,470

-

456,470

Additions

48,781

61,246

110,027

At 30 April 2025

505,251

61,246

566,497

DEPRECIATION

At 1 May 2024

121,250

-

121,250

Charge for year

85,837

8,932

94,769

At 30 April 2025

207,087

8,932

216,019

NET BOOK VALUE

At 30 April 2025

298,164

52,314

350,478

At 30 April 2024

335,220

-

335,220

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,133,366

1,457,629

Amounts recoverable on contract

336,174

338,224

Other debtors

2,665

2,700

Directors' current accounts

16,681

7,960

Tax

6,557

5,297

Prepayments

78,110

77,258

1,573,553

1,889,068

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,489

10,225

Hire purchase contracts (see note 10)

120,189

79,465

Trade creditors

1,247,980

1,118,955

Tax

82,196

93,728

Social security and other taxes

27,380

16,708

VAT

65,751

86,932

Directors' current accounts

21,892

27,092

Accrued expenses

33,534

10,543

1,609,411

1,443,648

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

886

10,489

Bank loans - 2-5 years

-

886

Hire purchase contracts (see note 10)

252,905

274,680

253,791

286,055

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Gross obligations repayable:

Within one year

140,632

100,882

Between one and five years

268,958

302,648

409,590

403,530

Finance charges repayable:

Within one year

20,443

21,417

Between one and five years

16,053

27,968

36,496

49,385

Net obligations repayable:

Within one year

120,189

79,465

Between one and five years

252,905

274,680

373,094

354,145

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

34,420

103,535

Between one and five years

5,277

39,696

39,697

143,231

11.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

200,219

168,818

Deferred

tax

£

Balance at 1 May 2024

168,818

Provided during year

31,401

Balance at 30 April 2025

200,219

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.

RESERVES

Retained

earnings

£

At 1 May 2024

1,836,352

Profit for the year

310,877

Dividends

(224,000

)

At 30 April 2025

1,923,229

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Mrs L S Jessop

Balance outstanding at start of year

7,960

11,418

Amounts advanced

9,160

4,405

Amounts repaid

(439

)

(7,863

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,681

7,960

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 Balance Sheet. 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 Sprite Labels Limited for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sprite Labels 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 Sprite Labels Limited and state those matters that we have agreed to state to the Board of Directors of Sprite Labels Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sprite Labels 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 Sprite Labels Limited. You consider that Sprite Labels 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 Sprite Labels 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.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

29 October 2025