Smart Print & Labelling Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05099420 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2022

for

Smart Print & Labelling Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M T Gray

M J Gray

SECRETARY:

M J Gray

REGISTERED OFFICE:

3K2 Redwither Tower

Redwither Business Park

Wrexham Industrial Estate

Wrexham

LL13 9XT

REGISTERED NUMBER:

05099420 (England and Wales)

ACCOUNTANTS:

S & A Buckley Limited

22 Silverthorne Close

Stalybridge

Cheshire

SK15 2DQ

FIXED ASSETS

Tangible assets

4

6,364

8,556

CURRENT ASSETS

Stocks

3,130

3,445

Debtors

84,545

119,948

Cash at bank

185,140

261,835

272,815

385,228

CREDITORS

Amounts falling due within one year

228,636

330,457

NET CURRENT ASSETS

44,179

54,771

TOTAL ASSETS LESS CURRENT LIABILITIES

50,543

63,327

PROVISIONS FOR LIABILITIES

-

129

NET ASSETS

50,543

63,198

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,541

63,196

SHAREHOLDERS' FUNDS

50,543

63,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 19 October 2022 and were signed on its behalf by:

M T Gray - Director

1.	STATUTORY INFORMATION

Smart Print & 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

46,913

DEPRECIATION

At 1 April 2021

38,357

Charge for year

2,192

At 31 March 2022

40,549

NET BOOK VALUE

At 31 March 2022

6,364

At 31 March 2021

8,556

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2021 - £70,000) were paid to the directors .