REGISTERED NUMBER: 02721926 (England and Wales)

EXCEL LABELS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A.R. Keatinge

REGISTERED OFFICE:

25 Manorside Industrial Estate

North Moons Moat

Redditch

Worcestershire

B98 9HF

REGISTERED NUMBER:

02721926 (England and Wales)

AUDITORS:

Folkes Worton LLP

Chartered Accountants and Statutory Auditor

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

BANKERS:

Barclays Bank Plc

15 Colmore Row

Birmingham

West Midlands

B3 2BH

FIXED ASSETS

Tangible assets

4

1,054,632

541,703

CURRENT ASSETS

Stocks

429,319

294,481

Debtors

5

922,555

1,272,992

Cash at bank

635,722

1,083,876

1,987,596

2,651,349

CREDITORS

Amounts falling due within one year

6

957,672

677,527

NET CURRENT ASSETS

1,029,924

1,973,822

TOTAL ASSETS LESS CURRENT LIABILITIES

2,084,556

2,515,525

CREDITORS

Amounts falling due after more than one year

7

(102,735

)

-

PROVISIONS FOR LIABILITIES

(221,987

)

(89,913

)

NET ASSETS

1,759,834

2,425,612

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

800

800

Retained earnings

1,758,834

2,424,612

SHAREHOLDERS' FUNDS

1,759,834

2,425,612

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 director and authorised for issue on 7 July 2026 and were signed by:

Mr A.R. Keatinge - Director

1.	STATUTORY INFORMATION

Excel Labels 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.

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 represents net sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

1,748,680

221,943

116,027

26,619

2,113,269

Additions

432,437

-

228,751

1,935

663,123

At 31 December 2025

2,181,117

221,943

344,778

28,554

2,776,392

DEPRECIATION

At 1 January 2025

1,314,755

140,692

91,074

25,045

1,571,566

Charge for year

111,465

15,158

21,353

2,218

150,194

At 31 December 2025

1,426,220

155,850

112,427

27,263

1,721,760

NET BOOK VALUE

At 31 December 2025

754,897

66,093

232,351

1,291

1,054,632

At 31 December 2024

433,925

81,251

24,953

1,574

541,703

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

155,820

At 31 December 2025

155,820

DEPRECIATION

Charge for year

9,739

At 31 December 2025

9,739

NET BOOK VALUE

At 31 December 2025

146,081

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

847,479

956,790

Other debtors

75,076

316,202

922,555

1,272,992

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

16,825

-

Trade creditors

595,037

243,994

Taxation and social security

284,143

403,375

Other creditors

61,667

30,158

957,672

677,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

102,735

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

119,560

-

Hire purchases are secured on the assets acquired.

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

The Report of the Auditors was unqualified.

Nigel Meredith FCA (Senior Statutory Auditor)

for and on behalf of Folkes Worton LLP

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

Mr A.R. Keatinge

Balance outstanding at start of year

236,527

241,535

Amounts advanced

320,620

-

Amounts repaid

(557,147

)

(5,008

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

236,527

11.	ULTIMATE CONTROLLING PARTY

Control over the company is exercised by Excel Labels Holdings Limited by virtue of the entity holding a majority of the issued share capital of the company.