Labeline International Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05025404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

LABELINE INTERNATIONAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

749,887

646,579

749,887

646,579

CURRENT ASSETS

Stocks

1,541,896

1,735,605

Debtors

6

901,000

1,023,201

Cash at bank

1,215,995

1,072,428

3,658,891

3,831,234

CREDITORS

Amounts falling due within one year

7

1,293,734

1,738,210

NET CURRENT ASSETS

2,365,157

2,093,024

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,115,044

2,739,603

CREDITORS

Amounts falling due after more than one
year

8

-

(40,833

)

PROVISIONS FOR LIABILITIES

10

(121,047

)

(95,220

)

NET ASSETS

2,993,997

2,603,550

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

2,993,897

2,603,450

SHAREHOLDERS' FUNDS

2,993,997

2,603,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

Mr K R Kingham - Director

1.	STATUTORY INFORMATION

Labeline International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05025404

Registered office:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

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 in connection with the incorporation of the business, has been fully amortised.

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.

Freehold property

-

not provided

Long leasehold

-

not provided

Equipment

-

25% on reducing balance

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 Profit and loss account, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange in the month of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

150,000

AMORTISATION

At 1 November 2024

and 31 October 2025

150,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Long

property

leasehold

Equipment

Totals

£

COST

At 1 November 2024

87,205

178,495

800,347

1,066,047

Additions

-

150,929

At 31 October 2025

87,205

178,495

951,276

1,216,976

DEPRECIATION

At 1 November 2024

-

419,468

Charge for year

-

47,621

At 31 October 2025

-

467,089

NET BOOK VALUE

At 31 October 2025

87,205

178,495

484,187

749,887

At 31 October 2024

87,205

178,495

380,879

646,579

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

653,173

777,034

Other debtors

247,827

246,167

901,000

1,023,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

40,833

70,000

Trade creditors

1,086,347

1,470,889

Taxation and social security

149,717

162,910

Other creditors

16,837

34,411

1,293,734

1,738,210

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

-

40,833

9.	SECURED DEBTS

An unlimited debenture dated 3 December 2012 was created by the company securing any monies

owing to Lloyds Bank Plc over the company's assets as a fixed and floating charge.

A second debenture dated 13 January 2017 was created by the company securing any monies

owing to Lloyds Bank Commercial Finance Limited over the company's assets and property in which the Company has an interest.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

121,047

95,220

Deferred

tax

£

Balance at 1 November 2024

95,220

Charge to Profit and loss account during year

25,827

Balance at 31 October 2025

121,047

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

12.

RESERVES

Retained

earnings

£

At 1 November 2024

2,603,450

Profit for the year

394,447

Dividends

(4,000

)

At 31 October 2025

2,993,897

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr KR and Mrs SA Kingham.