Finecal Group Limited

Finecal Group Limited
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

Finecal Group Limited is a private company, limited by shares, registered in England & Wales, registration number 01236608, registration address Leigh Court Business Centre, Pill Road, Bristol, North Somerset, BS8 3RA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. The company finances its operations by means of an invoice discount facility. The directors are not aware of any reason why the facilities will not be maintained at their current levels. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Computer Equipment	33% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Number of employees Average number of employees during the year was 43 (2024 : 44).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 January 2025	618,795	618,795
Additions	-	-
Disposals	-	-
At 31 December 2025	618,795	618,795
Amortisation
At 01 January 2025	268,145	268,145
Charge for year	61,879	61,879
On disposals	-	-
At 31 December 2025	330,024	330,024
Net book values
At 31 December 2025	288,771	288,771
At 31 December 2024	350,650	350,650

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 January 2025	311,468	308,508	20,148	115,511	755,635
Additions	-	-	558	9,652	10,210
Disposals	(232,643)	(69,888)	-	-	(302,531)
At 31 December 2025	78,825	238,620	20,706	125,163	463,314
Depreciation
At 01 January 2025	199,215	149,079	14,930	81,347	444,571
Charge for year	9,117	36,384	1,071	13,382	59,954
On disposals	(148,198)	(46,842)	-	-	(195,040)
At 31 December 2025	60,134	138,621	16,001	94,729	309,485
Net book values
Closing balance as at 31 December 2025	18,691	99,999	4,705	30,434	153,829
Opening balance as at 01 January 2025	112,253	159,429	5,218	34,164	311,064

Investments

Cost	Investments in group undertakings	Total
	£	£
At 01 January 2025	100	100
Additions	2,010	2,010
Disposals	-	-
At 31 December 2025	2,110	2,110

Subsidiary companies

The Company's investments in subsidiary undertakings consist of Preline Ltd (Company No. 03986705), a wholly owned subsidiary, and Finecal Labels Ltd (Company No. 15483029) (formerly Lighthouse Labels & Packaging Ltd), of which the Company acquired 80% of the issued share capital on 1 May 2025. Prior to the acquisition, Preline Ltd completed a reduction of share capital by special resolution on 19 December 2024, resulting in its issued share capital consisting of 100 £1 ordinary shares.

Stocks

	2025 £		2024 £
Stocks	487,590		694,339
	487,590		694,339

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	1,064,905	1,427,978
Provision for Doubtful Debts	-	(17,118)
Prepayments & Accrued Income	67,497	75,230
Other Debtors	-	2,790
	1,132,402	1,488,880

Debts subject to invoice discounting included within trade debtors amount to £1,064,905 (2024: £1,427,978).

Debtors: amounts falling due after one year

	2025 £	2024 £
Amount Owed by Group Undertakings	1,393,241	1,200,000
Amount Owed by Participating Interests	460,710	-
	1,853,951	1,200,000

As at the year end, the Company was owed £1,393,241 (2024: £1,200,000) by its parent undertaking, Jeaton Limited. The balance is unsecured, interest-free and repayable on demand.

During the year, the company disposed of plant and machinery to, and provided working capital funding for, Finecal Labels Ltd. As at the year end, amounts due from Finecal Labels Ltd totalled £462,710 (2024: £nil). The balance is unsecured, interest-free and repayable on demand.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	1,092,729	1,080,880
Bank Loans & Overdrafts (Secured)	737,455	892,704
Bank Loans & Overdrafts	4,900	10,000
Corporation Tax	13,777	74,805
PAYE & Social Security	32,791	35,655
Accruals	23,582	23,285
Other Creditors	16,687	3,674
Obligations under HP/Financial Leases	42,250	65,293
Pension Control	9,937	9,768
VAT	121,341	99,850
	2,095,449	2,295,914

Bank Loans & Overdrafts (Secured) represents amounts owing to invoice financing. Amounts owing on invoice finance are secured on the debts to which they relate.

Obligations under HP/Financial Leases are secured by fixed charges on the assets concerned.

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	-	4,900
Obligations Under HP/Financial Leases	8,259	50,509
Directors' Loan Accounts	-	55,954
	8,259	111,363

Obligations under HP/Financial Leases are secured by fixed charges on the assets concerned.

10.

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	70,659	62,322
Charged to Profit & Loss	(36,848)	8,327
	33,811	70,649

11.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2,000 ordinary shares of £1.00 each	2,000		2,000
	2,000		2,000

12.

Share Premium Account

	2025 £		2024 £
Equity Share Premium b/fwd	1,342,872		1,342,872
	1,342,872		1,342,872

13.	Ultimate Controlling Party The ultimate controlling party is Jeaton Limited who controls 100% of the shares of Finecal Group Limited.

Registered Number: 01236608
England and Wales
Unaudited Financial Statements

for the year ended 31 December 2025
for
FINECAL GROUP LIMITED