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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
COMPANY INFORMATION
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
CONTENTS
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present their Strategic Report for the year ended 31 December 2025, which includes a business review, the principal risks and uncertainties of the business and key performance indicators.
The principal activity of the Company continued to be that of the manufacture of self-adhesive labels.
During the year there has been a continued focus on quality, delivering impeccable customer service and providing innovative solutions for the Company's customers. Turnover increased from £7,915,191 year ended 31 December 2024 to £8,552,639 for the year ended 31 December 2025. However, the gross margin increased from 21.3% for the year ended 31 December 2024 to 21.9% for the year ended 31 December 2025. Trading continued to be challenging in 2025 with many clients encountering challenges in their own markets particularly with their sales through retail. The Company is active in generating new customers and focusing on the markets that bring added value and utilise the skills and benefits the Company can provide. Investment The Company continues to invest in the latest printing and inspection equipment and driving improved efficiency through lean principles and adopting the latest technologies. The Company is focused on sustainability and aims to invest where there is an opportunity to reduce its carbon footprint and associated energy costs. Suppliers The Company continues to purchase quality products from market leading global suppliers. It monitors supplier performance to ensure a high level of service and quality at a competitive price. The Company has continued to see improvements in delivery lead-times in the year along with more stability from its supply base. Customers The Company has a mixture of customers from Global Brands to small independent manufacturing companies across many industry sectors. Many customers have had longstanding relationships with the Company and have given it preferred supplier status due to its ability to manage complex projects and provide high quality products and always within pre agreed time frames.
Risks to the business are minimised through the close relationships that the Company has with key suppliers and key customers. As part of the Autajon Group, the Company also has the benefit of many sister sites throughout Europe that can support as needed. The Directors routinely monitor all known risks and uncertainties, and appropriate actions are taken to mitigate the risks.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors and the wider Autajon Group have agreed a set of Key Performance Indicators and targets which collectively help monitor and drive performance, these cover all areas of the business and are monitored on a weekly and monthly basis and comparisons are made to budgets, forecasts and prior year results.
This report was approved by the board and signed on its behalf.
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AUTAJON LABELS ROYSTON ENGLAND 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.
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
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.
The loss for the year, after taxation, amounted to £347,429 (2024 - loss £175,272).
The Directors do not recommend the payment of a dividend for the year (2024 -£Nil)
The directors who served during the year were:
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company has exposure to three main areas of risk - currency risk, liquidity risk and credit risk. To a lesser extent the Company is exposed to interest rate risk. The most significant financial risks to which the Company is exposed are described below:
Currency risk The Company is exposed to currency exchange rate risk due to a proportion of its trade debtors, and trade creditors, being denominated in non-sterling currencies. Whilst most of the Company’s sales and operating expenses are denominated in Sterling, a proportion of the Company’s sales and costs are denominated in other currencies. These are not considered to result in material foreign exchange rate exposure to the Company. Liquidity risk The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs. The Company expects to meet its financial obligations through operating cash flows. In the event that operating cash flows would not cover all financial obligations, short term flexibility is achieved by borrowings from other group undertakings. Credit risk The Company’s principal financial assets are cash and trade debtors, with the main risk arising from its trade debtors. The Company manages credit risk by conducting thorough credit assessments for new customers, setting appropriate credit limits, and continuously monitoring creditworthiness. Credit limits are reviewed on a regular basis in conjunction with debt aging and collection history. Interest rate risk The Company finances its operations through borrowings from other group undertakings. The Company is not exposed to interest rate fluctuations on its borrowings as these are at a fixed rate.
The Company has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and the Directors Report) regulations 2013 to set out in the Company’s’ strategic report information required by schedule 7 of the Large and Medium sized Companies and Groups (Accounts and Reports) Regulations 2008.
There have been no significant events affecting the Company since the year end.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditors, PKF Smith Cooper Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED
We have audited the financial statements of AUTAJON LABELS ROYSTON ENGLAND LIMITED (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Analysis of net debt, the Balance sheet, the Statement of cash flows, the Statement of changes in equity 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 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.
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.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
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 Strategic report or the Directors' report.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)
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:
Based on our understanding of the company and industry, we identify the key laws and regulations affecting the company. We identified that the principal risk of fraud or non-compliance with laws and regulations related to:
∙Management bias in respect of accounting estimates and judgements made;
∙Management override of control;
∙Posting of unusual journals or transactions;
We focussed on those areas that could give rise to a material misstatement in the Company's financial statements. Our procedures included, but were not limited to:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims, including instances of non-compliance with laws and regulations and fraud;
∙Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and fraud;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
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.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF AUTAJON LABELS ROYSTON ENGLAND LIMITED (CONTINUED)
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.
for and on behalf of
Statutory Auditors
2 Lace Market Square
NG1 1PB
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
REGISTERED NUMBER: 03027229
BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 15 to 29 form part of these financial statements.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Autajon Labels Royston England Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office and principal place of business is Unit 17 - 20 Greenfield, Royston, Hertfordshire SG8 5HN.
2.Accounting policies
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:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Lagora NG UK Limited as at 31 December 2025 and these financial statements may be obtained from Companies House, Crown
Way, Cardiff, CF14 3UZ.
The Directors have prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements.
The ultimate parent undertaking, Lagora S.Ã.R.L., has provided written confirmation that it will provide the necessary financial support to allow the Company to continue in operational existence and enable it 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 In addition, Lagora S.Ã.R.L. has provided written confirmation that it does not intend to recall the intercompany loan amounting to £1,453,731 (2024: £1,386,483) for at least 12 months from the date of approval of these financial statements. Given the liquidity of the Company at the date of signing the financial statements, together with the support of its ultimate parent undertaking, the Directors believe that the Company is adequately placed to manage its business risks successfully and the Company will have adequate financial resources available to meet its liabilities as they fall due.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Information about assumptions and estimation uncertainties that have significant risk of resulting in material adjustment within the next financial year are included below. Critical judgements that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relate to the following: Useful economic lives of tangible fixed assets The annual depreciation charge for tangible fixed assets is sensitive to changes in the useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually based on industry knowledge and historical useful economic lives of previously owned tangibl efixed assets. In making this assessment, management has taken into consideration industry conditions, the expected use period and the resale market for second hand assets. Valuation of stocks Stocks are held at the lower of cost and net realisable value. The Directors review the net realisable value of finished goods at each reporting date, and make provisions where they consider this to be lower than cost or where there is slow moving or obsolete stock. Recoverability of trade debtors A provision for bad and doubtful debts is made where it is identified that a trade debtor may not be recoverable in full by the Company. The bad and doubtful debt provision is made on a specific basis against customer balances where they are not considered recoverable based upon payment history and aging profile.
The whole of the turnover is attributable to the sale of complex embellished flexographic and digital self adhesive labels.
Analysis of turnover by country of destination:
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
OECD Pillar Two
The Company is within the scope of the OECD Pillar Two model rules. Pillar Two legislation has been enacted in the UK, the jurisdication in which the entity is incorporated, and is effective. Under the legislation, the entity is liable to pay a top-up tax in the UK for the difference between the GloBE effective tax rate for each jurisdiction and the 15% minimum rate. In addition, top-up taxes are payable locally where qualifying domestic minimum top-up taxes are payable locally where qualifying domestic minimum top-up taxes have been legislated and are in effect. The Directors have assessed the potential liability for a top-up tax in the UK and consider this to be £Nil..
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 26
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
18.Deferred taxation (continued)
Profit and loss account
The Company operates a defined contributions pension scheme for its employees. 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 for the year ended 31 December 2025 and amounted to £77,724 (2024 - £73,233). Contributions payable to the fund as at the balance sheet date amounted to £14,124 (2024 - £20,984) and are included in Other Creditors.
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AUTAJON LABELS ROYSTON ENGLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company's ultimate parent undertaking is Lagora NG SA.RL, a Company incorporated in Luxemborg. The ultimate controlling party is Lagora NG SA.RL due to their majority shareholding in Autajon Labels Royston England Limited.
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