Abbreviated Company Accounts - TRADE LABELS LIMITED

TRADE LABELS LIMITED - Company Information

02257351 TRADE LABELS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02257351 2013-04-01 2014-03-31 02257351 2014-03-31 02257351 2013-03-31 02257351 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02257351 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02257351

TRADE LABELS LIMITED

Abbreviated Accounts

31 March 2014

TRADE LABELS LIMITED Registered Number 02257351

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,779	2,372
		1,779	2,372
Current assets
Stocks		9,105	9,605
Debtors		67,707	69,074
Cash at bank and in hand		6,362	4,053
		83,174	82,732
Creditors: amounts falling due within one year		(49,167)	(55,032)
Net current assets (liabilities)		34,007	27,700
Total assets less current liabilities		35,786	30,072
Total net assets (liabilities)		35,786	30,072
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		34,786	29,072
Shareholders' funds		35,786	30,072

For the year ending 31 March 2014 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 directors acknowledge their 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 Board on 31 December 2014

And signed on their behalf by:
Michael Anthony Wade, Director

TRADE LABELS LIMITED Registered Number 02257351

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

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

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2013	49,959
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	49,959
Depreciation
At 1 April 2013	47,587
Charge for the year	593
On disposals	-
At 31 March 2014	48,180
Net book values
At 31 March 2014	1,779
At 31 March 2013	2,372

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000