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REGISTERED NUMBER: 02576408 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Sign & Label Centre Limited

Sign & Label Centre Limited (Registered number: 02576408)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sign & Label Centre Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K D Robertson
Mrs E M Robertson





REGISTERED OFFICE: Unit 15b
Dock Road Industrial Estate
Connahs Quay Deeside
Flintshire
CH5 4DS





REGISTERED NUMBER: 02576408 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Sign & Label Centre Limited (Registered number: 02576408)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,893 20,106

CURRENT ASSETS
Inventories 4,115 4,115
Debtors 5 40,360 39,391
Cash at bank and in hand 66,942 66,188
111,417 109,694
CREDITORS
Amounts falling due within one year 6 24,697 36,849
NET CURRENT ASSETS 86,720 72,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,613

92,951

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 103,611 92,949
SHAREHOLDERS' FUNDS 103,613 92,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 2 November 2023 and were signed on its behalf by:





K D Robertson - Director


Sign & Label Centre Limited (Registered number: 02576408)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sign & Label Centre 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Deferred tax is no longer provided for.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Sign & Label Centre Limited (Registered number: 02576408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 34,774 121,837 156,611
DEPRECIATION
At 1 April 2022 34,774 101,731 136,505
Charge for year - 3,213 3,213
At 31 March 2023 34,774 104,944 139,718
NET BOOK VALUE
At 31 March 2023 - 16,893 16,893
At 31 March 2022 - 20,106 20,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 38,036 37,268
Other debtors 2,324 2,123
40,360 39,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,198 15,750
Trade creditors 2,968 5,972
Taxation and social security 13,805 11,448
Other creditors 3,726 3,679
24,697 36,849

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary 1 2 2