ACCOUNTS - Final Accounts preparation

Registered number: 02589295

LATTICE LABELS LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

LATTICE LABELS LIMITED

COMPANY INFORMATION

DIRECTORS	J L Roberts
	T C Clifton
	J Brooke (appointed 31 March 2025)
	J Myers (appointed 31 March 2025)


COMPANY SECRETARY	T C Clifton


REGISTERED NUMBER	02589295


REGISTERED OFFICE	2 Chester Road
	Colmworth Business Park
	St Neots
	Cambridgeshire
	PE19 8YT


INDEPENDENT AUDITORS	Price Bailey LLP
	Chartered Accountants & Statutory Auditors
	Tennyson House
	Cambridge Business Park
	Cambridge
	CB4 0WZ


BANKERS	Barclays Bank plc
	41 High Street
	St Neots
	PE19 1AS


SOLICITORS	Hunt & Combs
	35 Thorpe Road
	Peterborough
	PE3 6AG

LATTICE LABELS LIMITED

CONTENTS

	Page
Directors' Report	1 - 2
Independent Auditors' Report	3 - 6
Statement of Income and Retained Earnings	7
Balance Sheet	8
Notes to the Financial Statements	9 - 21

LATTICE LABELS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £462,963 (2024 - £266,605).

The Directors recommend the payment of a dividend this year totalling £25,000 (2024 - £18,000).

DIRECTORS

The directors who served during the year were:

J L Roberts

T C Clifton

J Brooke (appointed 31 March 2025)

J Myers (appointed 31 March 2025)

FUTURE DEVELOPMENTS

The Directors anticipate no significant changes in the Company's activities for the foreseeable future.

Page 1

LATTICE LABELS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

POST BALANCE SHEET EVENTS

There have been no significant events affecting the Company since the year end.

AUDITORS

Under section 487(2) of the Companies Act 2006, Price Bailey LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

SMALL COMPANIES NOTE

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

T C Clifton

Director

Date: 24 July 2026

Page 2

LATTICE LABELS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LATTICE LABELS LIMITED

OPINION

We have audited the financial statements of Lattice Labels Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

LATTICE LABELS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LATTICE LABELS LIMITED (CONTINUED)

OTHER INFORMATION

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 4

LATTICE LABELS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LATTICE LABELS LIMITED (CONTINUED)

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. This included those regulations directly related to the financial statements, including financial reporting, tax legislation and distributable profits and industry regulations including GDPR, employment law and health and safety.

We communicated the identified laws and regulations with the audit team and remained alert to any indications of non-compliance throughout the audit. We carried out specific procedures to address the risks identified.
These included the following:

- agreeing the financial statement disclosures to underlying supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiries of management including those responsible for key regulations;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

In addressing the risk of management override of controls, we carried out testing of journal entries and other adjustments for appropriateness, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of significant transactions outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 5

LATTICE LABELS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LATTICE LABELS LIMITED (CONTINUED)

USE OF OUR REPORT

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Stella Athanasiadou ACA (Senior Statutory Auditor)

for and on behalf of

Price Bailey LLP

Chartered Accountants

Statutory Auditors

Tennyson House

Cambridge Business Park

Cambridge

CB4 0WZ

Date: 5 August 2026

Page 6

LATTICE LABELS LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
	£	£


Turnover	4	9,989,322	9,578,876
Cost of sales		(6,129,894)	(6,266,607)
Gross profit		3,859,428	3,312,269
Distribution costs		(131,421)	(139,243)
Administrative expenses		(3,024,345)	(2,763,840)
Operating profit		703,662	409,186
Interest receivable and similar income	6	438	5,629
Interest payable and similar expenses	7	(26,061)	(27,403)
Profit before tax		678,039	387,412
Tax on profit	8	(215,076)	(120,807)
Profit after tax		462,963	266,605



Retained earnings at the beginning of the year	3,676,001	3,427,396
Profit for the year	462,963	266,605
Dividends declared and paid	(25,000)	(18,000)
Retained earnings at the end of the year	4,113,964	3,676,001

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.

The notes on pages 9 to 21 form part of these financial statements.

Page 7

LATTICE LABELS LIMITED

REGISTERED NUMBER: 02589295

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	10		1,719,332		1,748,986
Current assets
Stocks	11	334,691		328,940
Debtors: amounts falling due within one year	12	5,621,641		4,905,160
Cash at bank and in hand	13	254,557		442,461
		6,210,889		5,676,561
Creditors: amounts falling due within one year	14	(2,616,618)		(2,494,761)
Net current assets			3,594,271		3,181,800
Total assets less current liabilities			5,313,603		4,930,786
Creditors: amounts falling due after more than one year	15		(341,828)		(436,506)
Provisions for liabilities
Deferred tax	19	(424,061)		(384,529)
Other provisions	20	(125,000)		(125,000)
			(549,061)		(509,529)
Net assets			4,422,714		3,984,751

Capital and reserves
Called up share capital	21	308,750	308,750
Profit and loss account	22	4,113,964	3,676,001
		4,422,714	3,984,751

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

T C Clifton

Director

Date: 24 July 2026

The notes on pages 9 to 21 form part of these financial statements.

Page 8

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	GENERAL INFORMATION

Lattice Labels Limited is a private Company limited by shares incorporated in England and Wales, United Kingdom. The registered office is 2 Chester Road, Colmworth Business Park, St Neots, PE19 8YT.

The principal activity of the company continued to be that of a label producer and supplier.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The directors have prepared projected budgets and on the basis of these budgets, the directors have considered the company to continue to operate as a going concern. The directors are confident that the company will have sufficient funds to meet its liabilities as they fall due for a period of not less than 12 months from the date of approval of these financial statements.

The directors continue to monitor cashflow closely and exercise tight credit control and, based on their forecasts and built up reserves, consider it appropriate to continue to prepare the financial statements on a going concern basis.

2.3

TURNOVER

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised on despatch of goods.

2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 9

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery	-	5-20% straight line
Fixtures and fittings	-	5-10% straight line
Computer equipment	-	18-32% straight line

2.5

OPERATING LEASES: THE COMPANY AS LESSEE

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

2.6

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

2.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

CREDITORS

Short term creditors are measured at the transaction price.

2.9

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.11

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of 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 profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 10

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.12

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.13

HOLIDAY PAY ACCRUAL

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2.14

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.15

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.16

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 11

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.17

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 12

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3.	JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policy, the directors are required to make significant judgements, estimates and assumptions. The estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

Estimates and judgements are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Details of the company's significant accounting judgements and critical estimates include:

Impairment of stock and work in progress

Management have assessed the need to write off or provide against any specific items based on the levels held at period end and the expected sales of such items in the immediate period post year end. Management take into account historic sales data at the date the estimate is made.

Impairment of trade debtors

The recoverability of trade debtors has been assessed at the year end and up until the date of signing these financial statements. Management have based the decision to provide for any amounts based on their judgement of all the available information and their experience of the specific nature of the trade debtor in question.

TURNOVER

The whole of the turnover is attributable to the one principal activity of the Company.

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	9,510,976	9,142,450
Rest of Europe	478,346	436,426
	9,989,322	9,578,876

Page 13

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Production and development	41	39
Office management	3	4

	44	43

6.	INTEREST RECEIVABLE
		2025	2024
		£	£

Other interest receivable

438

5,629

7.	INTEREST PAYABLE AND SIMILAR EXPENSES
		2025	2024
		£	£

Bank interest payable	-	904
Finance leases and hire purchase contracts	26,061	26,499
	26,061	27,403

Page 14

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	TAXATION

		2025	2024
		£	£

Corporation tax
Current tax on profits for the year	175,544	-

	Deferred tax
	Origination and reversal of timing differences	39,532	120,807


	Profit after tax	215,076	120,807

FACTORS AFFECTING TAX CHARGE FOR THE YEAR
The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
	2025	2024
	£	£

Profit on ordinary activities before tax

678,039

387,412

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	169,510	96,853
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	2,113	116
Capital allowances for year in excess of depreciation	9,048	(123,333)
Short-term timing difference leading to an increase (decrease) Relief on profit on disposal of fixed assets	-	(17,136)
Short-term timing difference leading to an increase (decrease) in taxation	-	13,608
Group relief	-	29,892
Bought forward loss relief utilised	(5,127)	-
Deferred tax	39,532	120,807
Total tax charge for the year	215,076	120,807

FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.

Page 15

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	DIVIDENDS
		2025	2024
		£	£

Declared and paid in the year

25,000

18,000

10.	TANGIBLE FIXED ASSETS

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025	3,469,726	718,869	4,188,595
Additions	191,653	28,962	220,615
Disposals	(105,692)	(32,328)	(138,020)
At 31 December 2025	3,555,687	715,503	4,271,190
Depreciation
At 1 January 2025	1,999,744	439,865	2,439,609
Charge for the year on owned assets	191,218	59,050	250,268
Disposals	(105,692)	(32,327)	(138,019)
At 31 December 2025	2,085,270	466,588	2,551,858
Net book value
At 31 December 2025	1,470,417	248,915	1,719,332
At 31 December 2024	1,469,982	279,004	1,748,986

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


	Plant and machinery	932,654	833,997

Page 16

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

11.	STOCKS
		2025	2024
		£	£

Raw materials and consumables	231,276	235,384
Work in progress	8,643	5,189
Finished goods and goods for resale	94,772	88,367
	334,691	328,940

12.

DEBTORS

					2025	2024
					£	£


Trade debtors	1,859,341	1,732,289
Amounts owed by group undertakings	3,650,239	3,103,689
Prepayments and accrued income	112,061	69,182
	5,621,641	4,905,160

13.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

	Cash at bank and in hand	254,557	442,461

Page 17

LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	51,667	51,666
Trade creditors	1,028,328	1,403,595
Invoice discounting facility	823,223	565,885
Corporation tax	175,544	-
Other taxation and social security	235,388	222,038
Obligations under finance lease and hire purchase contracts	150,693	111,493
Other creditors	37,399	58,024
Accruals and deferred income	114,376	82,060
	2,616,618	2,494,761

The aggregate amount of creditors in the Company's balance sheet as at the year end in respect of which security has been given by the company is £453,321 (2024: £496,332). Hire purchase contracts outstanding were secured against the assets to which they related.

The Company’s bank holds security over the bank borrowings, held within the parent company, which were outstanding at the year end in relation to the total net book value of the Company’s and Group’s assets at the year end via debenture and via a cross guarantee over the property at 2 Chester Road, Colmworth Business Park, Eaton Socon, St Neots.

The company has a £1,500,000 (2024 - £1,500,000) invoice discounting facility with Barclays Bank plc secured by a fixed and floating charge over the assets of Lattice Labels Limited and a corporate guarentee over parent company Random Factor Limited. At 31 December 2025 the balance due on the facility was £823,223 (2024 - £565,885).

15.	CREDITORS: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	51,667
Net obligations under finance leases and hire purchase contracts	341,828	384,839
	341,828	436,506

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LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16.	LOANS
	Analysis of the maturity of loans is given below:
		2025	2024
		£	£

Amounts falling due within one year
Bank loans	51,667	51,666
Amounts falling due 1-2 years
Bank loans	-	51,667


	51,667	103,333

17.	HIRE PURCHASE AND FINANCE LEASES
	Minimum lease payments under hire purchase fall due as follows:
		2025	2024
		£	£

Within one year	111,493	111,493
Between 1-5 years	341,828	384,839
	453,321	496,332

18.	FINANCIAL INSTRUMENTS
		2025	2024
		£	£

Financial assets
Financial assets measured at fair value through profit or loss	254,557	442,461
Financial assets that are debt instruments measured at amortised cost	5,509,580	4,835,978

	Financial liabilities
	Financial liabilities measured at amortised cost	(2,510,115)	(1,543,679)

	Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
	Financial assets that are debt instruments measured at amortised cost comprise trade debtors, amounts owed by group undertakings and other debtors.
	Financial liabilities measured at amortised cost comprise trade creditors, amounts owed by group undertakings, other creditors, bank loans, hire purchase liabiliites, invoice discounting and accruals.

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LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

19.	DEFERRED TAXATION

	2025	2024
	£	£

At beginning of year	(384,529)	(263,722)
Charged to profit or loss	(39,532)	(120,807)
At end of year	(424,061)	(384,529)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(424,061)	(384,529)
		(424,061)	(384,529)

20.	PROVISIONS

		Dilapidations Provision
		£

	At 1 January 2025	125,000
	At 31 December 2025	125,000

A dilapidations provision was included in the financial statements in respect of remedial work required to reinstate the buildings when vacated.

21.	SHARE CAPITAL
		2025	2024
		£	£

Allotted, called up and fully paid

308,750 Ordinary Shares shares of £1.00 each	308,750	308,750

22.

RESERVES

Profit and loss account

Includes all current and prior period retained profits or losses less any dividends paid.

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LATTICE LABELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

23.	CONTINGENT LIABILITIES

Intercompany bank guarantees have been given to the parent company, Random Factor Limited, via a fixed and floating charge over the net book value of the company's assets. The amount of this guarantee as at 31 December 2025 is £1,719,332 (2024 - £1,748,986).

24.	CAPITAL COMMITMENTS
	At 31 December 2025 the Company had capital commitments as follows:
		2025	2024
		£	£

	Contracted for but not provided in these financial statements	92,229	-
		92,229	-

25.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £130,076 (2024 - £117,095). No contributions (2024 - £Nil) were Payable to the fund at the balance sheet date.

26.	COMMITMENTS UNDER OPERATING LEASES
	At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2025	2024
		£	£

Not later than 1 year	54,313	51,653
Later than 1 year and not later than 5 years	31,083	37,719
	85,396	89,372

27.	RELATED PARTY TRANSACTIONS
	The Company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned Group companies..

28.	CONTROLLING PARTY

The ultimate parent undertaking of the Company is Random factor Limited. The ultimate controlling party of the Company are the Board of Directors of Random Factor Limited by virtue of their directorships and shareholdings of the company.

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