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Registered number: 01631537
Fairfield Labels Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01631537
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 39,472 43,962
39,472 43,962
CURRENT ASSETS
Stocks 525,278 731,030
Debtors 6 370,967 275,765
Cash at bank and in hand 24,750 24
920,995 1,006,819
Creditors: Amounts Falling Due Within One Year 7 (818,342 ) (868,621 )
NET CURRENT ASSETS (LIABILITIES) 102,653 138,198
TOTAL ASSETS LESS CURRENT LIABILITIES 142,125 182,160
Creditors: Amounts Falling Due After More Than One Year 8 (63,889 ) (8,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (7,820 )
NET ASSETS 78,236 166,007
CAPITAL AND RESERVES
Called up share capital 10 2,530 2,530
Profit and Loss Account 75,706 163,477
SHAREHOLDERS' FUNDS 78,236 166,007
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Jackson
Director
07/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fairfield Labels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01631537 . The registered office is Lovett Road, Hampton Lovett Industrial Estate, Droitwich, Worcestershire, WR9 0QG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over terms of lease
Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2025: 11)
11 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 24,259
As at 31 March 2026 24,259
Amortisation
As at 1 April 2025 24,259
As at 31 March 2026 24,259
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 13,380 404,084 158,573 43,580 619,617
Additions - 3,174 - - 3,174
As at 31 March 2026 13,380 407,258 158,573 43,580 622,791
Depreciation
As at 1 April 2025 13,380 362,239 158,556 41,480 575,655
Provided during the period - 6,990 17 657 7,664
As at 31 March 2026 13,380 369,229 158,573 42,137 583,319
Net Book Value
As at 31 March 2026 - 38,029 - 1,443 39,472
As at 1 April 2025 - 41,845 17 2,100 43,962
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 356,284 275,765
Corporation tax recoverable assets 4,750 -
Deferred tax current asset 9,933 -
370,967 275,765
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 238,685 185,688
Bank loans and overdrafts 41,666 122,157
Corporation tax - 4,750
Other taxes and social security 23,306 33,131
Other creditors 480,826 307,903
Accruals and deferred income 6,347 12,267
Directors' loan accounts - 202,725
Amounts owed to group undertakings 27,512 -
818,342 868,621
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 63,889 8,333
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9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Bank loans and overdrafts 105,555 130,490
Other Creditors 278,822 229,662
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2,530 2,530
11. Ultimate Controlling Party
The company's ultimate controlling party is Elan Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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