Smart Print & Labelling Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05099420 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2017

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:

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

4

3,729

2,585

CURRENT ASSETS

Stocks

3,580

2,250

Debtors

167,660

94,585

Cash at bank

90,810

70,917

262,050

167,752

CREDITORS

Amounts falling due within one year

246,881

166,038

NET CURRENT ASSETS

15,169

1,714

TOTAL ASSETS LESS CURRENT LIABILITIES

18,898

4,299

PROVISIONS FOR LIABILITIES

524

246

NET ASSETS

18,374

4,053

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

18,372

4,051

SHAREHOLDERS' FUNDS

18,374

4,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 2017 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 on 13 December 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 Income Statement, 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.

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 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

38,269

Additions

2,742

At 31 March 2017

41,011

DEPRECIATION

At 1 April 2016

35,684

Charge for year

1,598

At 31 March 2017

37,282

NET BOOK VALUE

At 31 March 2017

3,729

At 31 March 2016

2,585

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £58,000 (2016 - £50,000) were paid to the directors .

6.	FIRST YEAR ADOPTION

The directors undertook a full review of the balance sheet on transition to FRS 102 s.1a and no adjustments were

required.