I have about 50 odd sizes drill bits and taps in metric and imperial and currently I store them in a box which is very inconvenient to find what I want

I would like to store them in a way which I will be able to find what I want easily and one idea I have is to cut a piece of melamine, drill some holes and put them all on top standing up.

That’s easy enough but then I have to label each drill / tap what size it is and some taps have their specific drill bit. Labeling looks like to be a problem because it has to be neat and not removable

I wonder if anyone came up with a better idea