Yellow Label Designs Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03886345 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Yellow Label Designs Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N L Hancock

D S Hancock

C Whelan

SECRETARY:

Mrs H Whelan

REGISTERED OFFICE:

Adelphi Mill Lodge

Grimshaw Lane

Bollington

Cheshire

SK10 5JB

REGISTERED NUMBER:

03886345 (England and Wales)

BANKERS:

HSBC Bank plc

42 Woodford Road

Bramhall

Cheshire

SK7 1PA

FIXED ASSETS

Tangible assets

2

3,768

6,873

CURRENT ASSETS

Debtors

162,521

197,187

Cash at bank

44,509

33,644

207,030

230,831

CREDITORS

Amounts falling due within one year

3

150,793

192,604

NET CURRENT ASSETS

56,237

38,227

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,005

45,100

CREDITORS

Amounts falling due after more than one
year

3

49,532

41,332

NET ASSETS

10,473

3,768

CAPITAL AND RESERVES

Called up share capital

4

2,003

Profit and loss account

8,470

1,765

10,473

3,768

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 15 December 2016 and were signed on its behalf
by:

C Whelan - Director

D S Hancock - Director

1.	ACCOUNTING POLICIES

Basis of the preparation of financial statements

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax

and trade discounts.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on

the following basis:

Leasehold improvements

over term of lease

Office equipment

25% per annum straight line basis

Computer equipment

25% per annum straight line basis

Deferred taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of

income and expenditure for taxation and accounts purposes, using the liability method, only to the extent that, in

the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the

foreseeable future.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of

transaction. All differences are taken to the profit and loss account.

Pensions

The company operates a defined contribution scheme. Contributions are charged to the profit and loss account as

they become payable in accordance with the scheme rules.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

12,960

DEPRECIATION

At 1 April 2015

6,087

Charge for year

3,105

At 31 March 2016

9,192

NET BOOK VALUE

At 31 March 2016

3,768

At 31 March 2015

6,873

3.

CREDITORS

Creditors include an amount of £ 27,318 (2015 - £ 86,955 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2,000

Ordinary A

£1

2,000

2

Ordinary B

£0.05

-

1

Ordinary C

£1

1

Ordinary D

£1

1

Ordinary E

£1

1

2,003