Labels UK Limited - Period Ending 2016-04-30

Registration number: 02784166

Labels UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Beever and Struthers
Chartered Accountants
St Georges House
215 - 219 Chester Road
Manchester
M15 4JE

Labels UK Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Labels UK Limited
(Registration number: 02784166)
Abbreviated Balance Sheet at 30 April 2016

 

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					73,058			64,887
Current assets
Stocks					37,146			40,386
Debtors					180,532			240,198
Cash at bank and in hand					73,753			78,217
					291,431			358,801
Creditors: Amounts falling due within one year					(222,605)			(267,935)
Net current assets					68,826			90,866
Total assets less current liabilities					141,884			155,753
Provisions for liabilities					(11,691)			(9,416)
Net assets					130,193			146,337
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					130,093			146,237
Shareholders' funds					130,193			146,337

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 January 2017

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

Labels UK Limited
(Registration number: 02784166)
Abbreviated Balance Sheet at 30 April 2016

 ......... continued

......................................... S R Dobson Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 2

Labels UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	20% reducing balance
Computer equipment	33% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Labels UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		511,861			511,861
Additions		20,225			20,225
At 30 April 2016		532,086			532,086
Depreciation
At 1 May 2015		446,974			446,974
Charge for the year		12,054			12,054
At 30 April 2016		459,028			459,028
Net book value
At 30 April 2016		73,058			73,058
At 30 April 2015		64,887			64,887

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		94,525			92,696

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
"A" ordinary of £1 each		60			60			60			60
"B" ordinary of £1 each		35			35			35			35
"C" ordinary of £1 each		5			5			5			5
		100			100			100			100

Page 4