Piroto Labelling Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 10

Piroto Labelling Limited

Company Information

Directors

AN Mann LA Mann M Zakrzewska A Clarke

Company secretary

AN Mann

Registered office

9 Pondwood Close Moulton Park Industrial Estate Northampton Northamptonshire NN3 6RT

Auditors

Michael J Emery & Co Limited 22 St. John Street Newport Pagnell Buckinghamshire MK16 8HJ

Piroto Labelling Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and apply them consistently;

•	make judgements 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 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.

Piroto Labelling Limited

(Registration number: 01092907)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,767,282	1,188,409
Current assets
Stocks	6	198,120	357,374
Debtors	7	1,898,962	1,940,093
Cash at bank and in hand		244,571	304,844
		2,341,653	2,602,311
Creditors: Amounts falling due within one year	8	(1,293,241)	(1,187,505)
Net current assets		1,048,412	1,414,806
Total assets less current liabilities		2,815,694	2,603,215
Creditors: Amounts falling due after more than one year	8	(10,000)	(130,000)
Provisions for liabilities		(932,339)	(624,379)
Net assets		1,873,355	1,848,836
Capital and reserves
Called up share capital		155,000	155,000
Retained earnings		1,718,355	1,693,836
Shareholders' funds		1,873,355	1,848,836

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:
 

......................................... M Zakrzewska Director

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Pondwood Close
Moulton Park Industrial Estate
Northampton
Northamptonshire
NN3 6RT
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 24 August 2026 was Michael Emery ACA, who signed for and on behalf of Michael J Emery & Co Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions that are denominated in a foreign currency are converted into Sterling using the spot exchange rate prevailing on the transaction date.

Monetary assets and liabilities denominated in a foreign currency are converted into Sterling at the closing rate coinciding with the balance sheet date.

Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition are recognised in profit or loss for the period.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold improvements	At varying rates on cost
Plant and machinery	At varying rates on cost
Fixtures and fittings	At varying rates on cost
Motor vehicles	20% on cost

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Contractual customer relationships	Over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, including directors, was 43 (2024 - 42).

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2025	37,138	37,138
At 31 December 2025	37,138	37,138
Amortisation
At 1 January 2025	37,138	37,138
At 31 December 2025	37,138	37,138
Carrying amount
At 31 December 2025	-	-

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	78,678	227,654	4,060,804	209,451	4,576,587
Additions	-	7,234	832,229	-	839,463
Disposals	-	-	(285,574)	(46,742)	(332,316)
At 31 December 2025	78,678	234,888	4,607,459	162,709	5,083,734
Depreciation
At 1 January 2025	78,678	224,127	2,980,599	104,774	3,388,178
Charge for the year	-	1,914	209,132	33,960	245,006
Eliminated on disposal	-	-	(285,572)	(31,160)	(316,732)
At 31 December 2025	78,678	226,041	2,904,159	107,574	3,316,452
Carrying amount
At 31 December 2025	-	8,847	1,703,300	55,135	1,767,282
At 31 December 2024	-	3,527	1,080,205	104,677	1,188,409

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025 £	2024 £
Inventory	198,120	357,374

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,760,678	1,701,435
Amounts owed by related parties		-	84,229
Prepayments		100,906	85,077
Other debtors		37,378	69,352
		1,898,962	1,940,093

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	120,000	120,000
Trade creditors		548,364	506,845
Amounts owed to group undertakings and undertakings in which the company has a participating interest		129,743	-
Accruals and deferred income		176,799	162,282
Other creditors		67,522	75,397
VAT Control account		201,021	222,496
Corporation tax control		-	55,423
PAYE and NIC creditor		49,792	45,062
		1,293,241	1,187,505

Creditors falling due within one year includes an amount of £120,000 (2024 - £120,000) relating to a bank loan that is secured against the assets of the company by way of fixed and floating charges.

Piroto Labelling Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	10,000	130,000