REGISTERED NUMBER: 00491524 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

DOUGLAS STORRIE LABELS LIMITED

Page

Company Information

1

Statement of Directors' Responsibilities

2

Independent Chartered Accountants' Review Report

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

N D Storrie

N Livermore

SECRETARY:

P Storrie

REGISTERED OFFICE:

Tudor Works

Tudor Road

Lytham St Annes

Lancashire

FY8 2LA

REGISTERED NUMBER:

00491524 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

BANKERS:

Natwest Bank PLC

24 St Annes Road West

Lytham St Annes

Lancashire

FY8 1HR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors 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 then 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.

ON BEHALF OF THE BOARD:

N D Storrie - Director

24th November 2025

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Douglas Storrie Labels Limited for the year ended 31st March 2025, which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, 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 (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31st March 2025 and of its loss for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Use of our report

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's 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 directors as a body for our work, for this report, or for the conclusions we have formed.

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

24th November 2025

FIXED ASSETS

Tangible assets

4

244,458

236,816

CURRENT ASSETS

Stocks

220,458

214,417

Debtors

5

317,826

390,179

Cash at bank and in hand

99,314

169,324

637,598

773,920

CREDITORS

Amounts falling due within one year

6

378,288

466,585

NET CURRENT ASSETS

259,310

307,335

TOTAL ASSETS LESS CURRENT LIABILITIES

503,768

544,151

CREDITORS

Amounts falling due after more than one year

7

(51,173

)

(24,864

)

PROVISIONS FOR LIABILITIES

(17,199

)

(13,673

)

NET ASSETS

435,396

505,614

CAPITAL AND RESERVES

Called up share capital

55,554

55,554

Retained earnings

379,842

450,060

SHAREHOLDERS' FUNDS

435,396

505,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 24th November 2025 and were signed on its behalf by:

N D Storrie - Director

1.	STATUTORY INFORMATION

Douglas Storrie 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

The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer.

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

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Grants

Grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st April 2024

39,146

1,032,497

29,595

Additions

-

9,878

-

Disposals

-

-

-

At 31st March 2025

39,146

1,042,375

29,595

DEPRECIATION

At 1st April 2024

1,522

893,212

27,480

Charge for year

2,610

31,944

212

Eliminated on disposal

-

-

-

At 31st March 2025

4,132

925,156

27,692

NET BOOK VALUE

At 31st March 2025

35,014

117,219

1,903

At 31st March 2024

37,624

139,285

2,115

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

119,580

14,687

1,235,505

Additions

-

50,000

59,878

Disposals

-

(5,200

)

(5,200

)

At 31st March 2025

119,580

59,487

1,290,183

DEPRECIATION

At 1st April 2024

67,602

8,873

998,689

Charge for year

12,995

3,913

51,674

Eliminated on disposal

-

(4,638

)

(4,638

)

At 31st March 2025

80,597

8,148

1,045,725

NET BOOK VALUE

At 31st March 2025

38,983

51,339

244,458

At 31st March 2024

51,978

5,814

236,816

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

421,457

78,095

499,552

Transfer to ownership

(421,457

)

(36,465

)

(457,922

)

At 31st March 2025

-

41,630

41,630

DEPRECIATION

At 1st April 2024

370,759

32,451

403,210

Charge for year

-

7,806

7,806

Transfer to ownership

(370,759

)

(22,043

)

(392,802

)

At 31st March 2025

-

18,214

18,214

NET BOOK VALUE

At 31st March 2025

-

23,416

23,416

At 31st March 2024

50,698

45,644

96,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

302,076

379,336

Other debtors

4,615

6,185

Directors' current accounts

-

4,658

Tax

11,135

-

317,826

390,179

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,121

-

Hire purchase contracts (see note 8)

3,691

54,522

Trade creditors

270,239

282,581

Tax

-

11,135

Social security and other taxes

11,708

13,763

VAT

43,105

46,427

Other creditors

13,238

35,589

Directors' current accounts

509

6,000

Accruals and deferred income

6,927

16,568

Deferred grants

18,750

-

378,288

466,585

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 1-2 years

10,000

-

Bank loans - 2-5 years

20,000

-

Hire purchase contracts (see note 8)

21,173

24,864

51,173

24,864

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/25

31/3/24

£

£

Net obligations repayable:

Within one year

3,691

54,522

Between one and five years

21,173

24,864

24,864

79,386

Non-cancellable

operating leases

31/3/25

31/3/24

£

£

Within one year

80,733

74,091

Between one and five years

301,525

306,877

In more than five years

43,973

119,354

426,231

500,322

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

24,864

79,386

Assets on hire purchase contracts are secured on the assets they relate to.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

31/3/25

31/3/24

£

£

N D Storrie

Balance outstanding at start of year

4,658

(10,472

)

Amounts advanced

17,433

33,130

Amounts repaid

(22,600

)

(18,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(509

)

4,658

N Livermore

Balance outstanding at start of year

(6,000

)

(6,000

)

Amounts advanced

6,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(6,000

)

Other creditors includes £2,204 due to Mrs P Storrie (2024: £23,971).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N D Storrie.