Smart Print & Labelling Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05099420 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Smart Print & Labelling Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M T Gray

M J Gray

SECRETARY:

M J Gray

REGISTERED OFFICE:

Unit 2, Plovers Moss Lodge

Tarporley Road

Oakmere

Cheshire

CW8 2EP

REGISTERED NUMBER:

05099420 (England and Wales)

ACCOUNTANTS:

S & A Buckley Limited

22 Silverthorne Close

Stalybridge

Cheshire

SK15 2DQ

FIXED ASSETS

Tangible assets

2

2,585

3,293

CURRENT ASSETS

Stocks

2,250

1,970

Debtors

94,585

109,145

Cash at bank

70,917

26,339

167,752

137,454

CREDITORS

Amounts falling due within one year

166,038

131,494

NET CURRENT ASSETS

1,714

5,960

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,299

9,253

PROVISIONS FOR LIABILITIES

246

329

NET ASSETS

4,053

8,924

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

4,051

8,922

SHAREHOLDERS' FUNDS

4,053

8,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 November 2016 and were signed on its behalf
by:

M T Gray - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

37,918

Additions

351

At 31 March 2016

38,269

DEPRECIATION

At 1 April 2015

34,625

Charge for year

1,059

At 31 March 2016

35,684

NET BOOK VALUE

At 31 March 2016

2,585

At 31 March 2015

3,293

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2015 - £32,000) were paid to the directors .