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FOILIT (NORTHAMPTON) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2025

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| FOILIT (NORTHAMPTON) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MAY 2025

| DIRECTORS: | R J Burrells

| T S Bygrave

| P M Bygrave

| M L Bygrave

| N J Meeks

| REGISTERED OFFICE: | First Floor Woburn Court

| 2 Railton Road

| Kempston

| Bedford

| Bedfordshire

| MK42 7PN

| REGISTERED NUMBER: | 14832343 (England and Wales)

| AUDITORS: | HW Bedford Limited

| First Floor, Woburn Court

| 2 Railton Road

| Woburn Rd Ind Est

| Kempston

| Bedfordshire

| MK42 7PN

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

BALANCE SHEET

31ST MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 151,765 |  | 122,686 |  |

CURRENT ASSETS

Stocks | 84,918 |  | 70,252 |  |

Debtors | 5 | 63,513 |  | 86,931 |  |

Cash at bank | 289,087 |  | 158,843 |  |

437,518 |  | 316,026 |  |

CREDITORS

Amounts falling due within one year | 6 | 259,669 |  | 328,757 |  |

NET CURRENT ASSETS/(LIABILITIES) | 177,849 |  | (12,731 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 329,614 |  | 109,955 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (18,612 | ) | - |  |

PROVISIONS FOR LIABILITIES | 8 | (17,750 | ) | (3,830 | ) |

NET ASSETS | 293,252 |  | 106,125 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 293,152 |  | 106,025 |  |

SHAREHOLDERS' FUNDS | 293,252 |  | 106,125 |  |

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 4th February 2026 and were signed on its behalf by:

R J Burrells - Director

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

1. | STATUTORY INFORMATION

| Foilit (Northampton) 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.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| Turnover

| Turnover represents the manufacturing of profile wrapping and foil laminating products and is stated net of value added tax and any discounts.

| Revenue represents the proportion of contract value applicable to the activity in the year, ascertained by reference to the costs incurred to date. These costs are matched with the revenue resulting in the reporting of attributable profit proportionate to the contract activity.

| In respect of long-term contracts and contracts for on-going services, revenue represents the value

| of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets their residual value over their estimated useful lives, using the straight-line method.

| Depreciation is provided on the following basis:

| Plant and machinery |  | 10 years and 20 years straight line |  |

| Computer equipment |  | 20% on cost |  |

| Fixture and fittings |  | 33% straight line |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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

| 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.

| Critical accounting judgements and key sources of estimation uncertainty

| In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

| The directors consider there to be no critical judgements or estimates in the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 10 ) .

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st June 2024 | 114,518 |  | - |  | 22,727 |  | 137,245 |  |

| Additions | 33,777 |  | 1,881 |  | 8,515 |  | 44,173 |  |

| At 31st May 2025 | 148,295 |  | 1,881 |  | 31,242 |  | 181,418 |  |

| DEPRECIATION

| At 1st June 2024 | 12,210 |  | - |  | 2,349 |  | 14,559 |  |

| Charge for year | 11,781 |  | - |  | 3,313 |  | 15,094 |  |

| At 31st May 2025 | 23,991 |  | - |  | 5,662 |  | 29,653 |  |

| NET BOOK VALUE

| At 31st May 2025 | 124,304 |  | 1,881 |  | 25,580 |  | 151,765 |  |

| At 31st May 2024 | 102,308 |  | - |  | 20,378 |  | 122,686 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 22,267 |  | 18,694 |  |

| Amounts recoverable on contract | 6,590 |  | 9,224 |  |

| Called up share capital not paid | 100 |  | 100 |  |

| Prepayments and accrued income | 34,556 |  | 58,913 |  |

63,513 |  | 86,931 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 6,768 |  | - |  |

| Trade creditors | 121,013 |  | 81,262 |  |

| Amounts owed to group undertakings | 11,637 |  | 58,288 |  |

| Corporation tax | 49,986 |  | 41,011 |  |

| Social security and other taxes | 4,637 |  | 3,328 |  |

| VAT | 33,553 |  | 28,662 |  |

| Other creditors | - |  | 74,259 |  |

| Pension fund | 943 |  | 684 |  |

| Directors' current accounts | 17,000 |  | 27,000 |  |

| Accruals and deferred income | 14,132 |  | 14,263 |  |

259,669 |  | 328,757 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 18,612 |  | - |  |

FOILIT (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 14832343) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MAY 2025

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 17,750 |  | 3,830 |  |

| Deferred |

| tax |

£ |

| Balance at 1st June 2024 | 3,830 |  |

| Provided during year | 13,920 |  |

| Balance at 31st May 2025 | 17,750 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

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

| The Report of the Auditors was unqualified.

| Alberto Di Lorenzo FCA (Senior Statutory Auditor)

| for and on behalf of HW Bedford Limited

11. | RELATED PARTY DISCLOSURES

| During the period the company sold goods to the value of £926,520 (2024: £650,521) to Spicgem Limited, a company which holds in excess of 50% of the issued share capital of Foilit (Northampton) Limited. During the period the company also incurred expenses of £13,200 (2024: £nil). At the year end Spicgem Limited were owed £82,051 (2024:£111,945) in the form of a loan and owed £70,414 (2024 - £53,656) in the form of trade debtors.