REGISTERED NUMBER: 12155317 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Inkmaker UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms V Cigna

C Rizzo

REGISTERED OFFICE:

Unit 1 Meridian Court

Compass Point Business Park

Stocks Bridge Way

St Ives, Cambridgeshire

England

PE27 5FH

REGISTERED NUMBER:

12155317 (England and Wales)

AUDITOR:

Kinnaird Hill

Brunel House

1 Archers Court

Huntingdon

Cambridgeshire

PE29 6XG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,332

16,134

Investments

6

3

3

14,335

16,137

CURRENT ASSETS

Stocks

184,991

176,857

Debtors

7

687,516

798,239

Cash at bank and in hand

372,726

415,631

1,245,233

1,390,727

CREDITORS

Amounts falling due within one year

8

1,180,033

1,599,649

NET CURRENT ASSETS/(LIABILITIES)

65,200

(208,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,535

(192,785

)

PROVISIONS FOR LIABILITIES

10

3,583

-

NET ASSETS/(LIABILITIES)

75,952

(192,785

)

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

75,951

(192,786

)

SHAREHOLDERS' FUNDS

75,952

(192,785

)

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 14 May 2026 and were signed on its behalf by:

Ms V Cigna - Director

C Rizzo - Director

1.	STATUTORY INFORMATION

Inkmaker UK 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.	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 company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Inkmaker UK Limited is a wholly owned subsidiary of Inkmaker SRL and the results of Inkmaker UK Limited are included in the consolidated financial statements of Inkmaker SRL a company based in Italy.

The exemption available under paragraph 33.1A of FRS 102 has been taken and as such, no related party transactions are disclosed.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

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.

The directors have considered their judgements and the level of estimation uncertainty upon areas such as depreciation and amortisation, stock valuation and write downs and warranties. In respect of these areas, any estimations and judgements are not considered critical to the disclosures in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods and on machines on despatch and installation); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from service contracts is recognised over the period of time that the contract relates to.

Goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of net assets acquired. It was initially recognised as an asset at cost and was subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill was considered to have a finite useful life and was amortised on a systematic basis over its expected life, which is 5 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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Tangible assets are initially measured at cost, and subsequently measured at cost or valuation, net of depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments (but excluding investment properties), are assessed to determine whether there is an indication that those assets have suffered an impairment loss. If any indication arises, the recoverable amount is estimated and compared to its carrying amount to determine if an impairment loss has arisen.

If the recoverable amount is lower, the carrying amount of the asset is written down to its recoverable amount and an impairment loss is recognised in profit and loss.

Recoverable amount of the asset is the higher of its value in use and its net realisable value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from financial institutions or other related parties.

Debts instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, ,are measured initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdraft. Bank overdrafts are shown within borrowings in current liabilities.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and as expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

147,001

AMORTISATION

At 1 January 2025

and 31 December 2025

147,001

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

31,848

Additions

3,293

At 31 December 2025

35,141

DEPRECIATION

At 1 January 2025

15,714

Charge for year

5,095

At 31 December 2025

20,809

NET BOOK VALUE

At 31 December 2025

14,332

At 31 December 2024

16,134

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

3

NET BOOK VALUE

At 31 December 2025

3

At 31 December 2024

3

In 2019 the company acquired 100% of the ordinary share capital of Rexson Systems Limited, a company incorporated in the United Kingdom. Rexson Systems Limited was dormant during the year ended 31 December 2025.

In 2019 the company acquired 100% of the ordinary share capital of Vale-Tech Limited, a company incorporated in the United Kingdom. Vale-Tech Limited was dormant during the year ended 31 December 2025.

In 2019 the company acquired 100% of the ordinary share capital of Colorweigh Limited, a company incorporated in the United Kingdom. Colourweigh Limited was dormant during the year ended 31 December 2025.

The registered office address of the above companies is Unit 1 Meridian Court, Compass Point Business Park, Stocks Bridge Way, St Ives, Cambridgeshire, PE27 5FH.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade debtors

168,759

251,172

Amounts owed by group undertakings

22,727

34,136

Other debtors

496,030

512,931

687,516

798,239

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

as restated

£

£

Trade creditors

20,167

23,975

Amounts owed to group undertakings

457,825

597,518

Taxation and social security

104,913

77,486

Other creditors

597,128

900,670

1,180,033

1,599,649

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

as restated

£

£

Within one year

49,336

43,158

Between one and five years

264,650

255,852

313,986

299,010

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

as restated

£

£

Deferred tax

Accelerated capital allowances

3,583

-

Deferred

tax

£

Charge to Income Statement during year

3,583

Balance at 31 December 2025

3,583

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

as restated

£

£

1

Ordinary

£1

1

1

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

The Report of the Auditor was unqualified.

Nita Elizabeth Hutchcraft FCCA (Senior Statutory Auditor)

for and on behalf of Kinnaird Hill

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Inkmaker SRL.