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Company Registration No. 05461319 (England and Wales)
Labelman Limited Unaudited accounts for the year ended 30 June 2025
Labelman Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Labelman Limited Company Information for the year ended 30 June 2025
Directors
R L W Cramer Mark Cramer
Company Number
05461319 (England and Wales)
Registered Office
ABBEY SPRINGS CHANTRY LANE STORRINGTON PULBOROUGH WEST SUSSEX RH20 4AB
Accountants
Nicola Grobety (MAAT) Longwood Business Support Ltd 16 Longwood View Crawley West Sussex RH10 6PB
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Labelman Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
17,011
17,018
Tangible assets
5
4,641
1,021
21,652
18,039
Current assets
Inventories
6
35,226
74,666
Debtors
7
114,767
199,520
Cash at bank and in hand
28,794
67,994
178,787
342,180
Creditors: amounts falling due within one year
8
(114,099)
(208,445)
Net current assets
64,688
133,735
Total assets less current liabilities
86,340
151,774
Provisions for liabilities
Deferred tax
9
(989)
(301)
Net assets
85,351
151,473
Capital and reserves
Called up share capital
10
120
120
Profit and loss account
85,231
151,353
Shareholders' funds
85,351
151,473
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by
R L W Cramer Director Company Registration No. 05461319
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Labelman Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Labelman Limited is a private company, limited by shares, registered in England and Wales, registration number 05461319. The registered office is ABBEY SPRINGS CHANTRY LANE, STORRINGTON, PULBOROUGH, WEST SUSSEX, RH20 4AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The abridged financial statements have been prepared in accordance with FRS 102 Section 1A small entities - the Financial Reporting Standard applicable in the United Kingdom and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any amounts have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following annual rates:
Plant & machinery
20% per annum on cost.
Motor vehicles
25% per annum on reducing balance
Computer equipment
25% per annum on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
Labelman Limited Notes to the Accounts for the year ended 30 June 2025
Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risk ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
Inventories
Inventories are stated at the lower of cost and estimated selling price to complete and sell (net realisable value). Costs which comprise direct production costs are based on the method most appropriate to the type of inventory class, but usually on a firstin-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less estimated completion or selling costs. When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an expense in the period in which the write-down or loss occurs.
Foreign exchange
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation Policy
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
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Labelman Limited Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Other
£
Cost
At 1 July 2024
17,018
Additions
5,663
At 30 June 2025
22,681
Amortisation
At 1 July 2024
-
Charge for the year
5,670
At 30 June 2025
5,670
Net book value
At 30 June 2025
17,011
At 30 June 2024
17,018
Intangible Assets relate to a website with a useful economic life of 4 years.
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2024
41,842
11,803
3,365
-
57,010
Additions
4,847
-
-
3,572
8,419
Disposals
(35,975)
-
(3,365)
-
(39,340)
At 30 June 2025
10,714
11,803
-
3,572
26,089
Depreciation
At 1 July 2024
40,819
11,805
3,365
-
55,989
Charge for the year
969
-
-
2,810
3,779
Surplus on revaluation
-
(2)
-
-
(2)
On disposals
(34,953)
-
(3,365)
-
(38,318)
At 30 June 2025
6,835
11,803
-
2,810
21,448
Net book value
At 30 June 2025
3,879
-
-
762
4,641
At 30 June 2024
1,023
(2)
-
-
1,021
6
Inventories
2025
2024
£
£
Raw materials
35,226
74,666
35,226
74,666
As part of the company’s year-end inventory assessment, the directors conducted a review. As a result, inventory identified as obsolete, with a carrying value of £29,744, has been written down to nil. The write-down has been recognised as an expense within cost of sales for the year.
- 7 -
Labelman Limited Notes to the Accounts for the year ended 30 June 2025
7
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
8,642
-
Trade debtors
66,642
174,569
Accrued income and prepayments
8,460
19,173
Other debtors
31,023
5,778
114,767
199,520
8
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
3,616
Trade creditors
99,372
138,788
Taxes and social security
3,864
42,864
Proposed dividends
1,816
11,987
Other creditors
7,847
9,990
Accruals
1,200
1,200
114,099
208,445
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
989
301
2025
2024
£
£
Provision at start of year
301
386
Charged/(credited) to the profit and loss account
688
(85)
Provision at end of year
989
301
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
11
Average number of employees
During the year the average number of employees was 6 (2024: 6).
- 8 -