Thermal Transfer Labelling Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04976845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

THERMAL TRANSFER LABELLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Barnes

SECRETARY:

Mrs S V Davies

REGISTERED OFFICE:

12 Teal Close

Baldwins Gate

Newcastle

Staffordshire

ST5 5LL

REGISTERED NUMBER:

04976845 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

Richmond House

570-572 Etruria Road

Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Tangible assets

4

5,674

4,522

CURRENT ASSETS

Debtors

5

93,516

146,088

Cash at bank

37,913

41,285

131,429

187,373

CREDITORS

Amounts falling due within one year

6

88,744

141,027

NET CURRENT ASSETS

42,685

46,346

TOTAL ASSETS LESS CURRENT LIABILITIES

48,359

50,868

PROVISIONS FOR LIABILITIES

942

694

NET ASSETS

47,417

50,174

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

47,416

50,173

SHAREHOLDERS' FUNDS

47,417

50,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2020 and were signed by:

Mrs J Barnes - Director

1.	STATUTORY INFORMATION

Thermal Transfer Labelling 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

33,847

Additions

3,707

At 31 January 2020

37,554

DEPRECIATION

At 1 February 2019

29,325

Charge for year

2,555

At 31 January 2020

31,880

NET BOOK VALUE

At 31 January 2020

5,674

At 31 January 2019

4,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

92,941

123,595

Other debtors

575

22,493

93,516

146,088

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

74,622

125,925

Taxation and social security

13,222

11,677

Other creditors

900

3,425

88,744

141,027

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020 and

31 January 2019:

2020

2019

£

£

Mrs J Barnes

Balance outstanding at start of year

15,339

9,610

Amounts advanced

48,669

27,534

Amounts repaid

(63,628

)

(21,805

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

380

15,339