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REGISTERED NUMBER: 07299928 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Accurate Systems Labelling Limited

Accurate Systems Labelling Limited (Registered number: 07299928)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Accurate Systems Labelling Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs S Soanes
Mr B Soanes





REGISTERED OFFICE: Business Central
2 Union Square
Central Park
Darlington
DL1 1GL





REGISTERED NUMBER: 07299928 (England and Wales)





ACCOUNTANTS: Lyons Watson
Accountants & Business Advisers
Business Central
2 Union Square
Darlington
Co. Durham
DL1 1GL

Accurate Systems Labelling Limited (Registered number: 07299928)

Abridged Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,525 4,924

CURRENT ASSETS
Stocks 3,285 7,870
Debtors 65,783 69,120
Cash at bank 261 1,598
69,329 78,588
CREDITORS
Amounts falling due within one year 53,301 58,401
NET CURRENT ASSETS 16,028 20,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,553

25,111

CREDITORS
Amounts falling due after more than one
year

(19,391

)

(22,944

)

PROVISIONS FOR LIABILITIES (860 ) (935 )
NET ASSETS 302 1,232

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 301 1,231
302 1,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Accurate Systems Labelling Limited (Registered number: 07299928)

Abridged Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Mr B Soanes - Director


Accurate Systems Labelling Limited (Registered number: 07299928)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Accurate Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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 - 20% on reducing balance
Fixtures and fittings - 15% 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 balance sheet date.

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

Accurate Systems Labelling Limited (Registered number: 07299928)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 20,661
Additions 509
At 30 April 2023 21,170
DEPRECIATION
At 1 May 2022 15,737
Charge for year 908
At 30 April 2023 16,645
NET BOOK VALUE
At 30 April 2023 4,525
At 30 April 2022 4,924

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30/4/23 30/4/22
£    £   
Mr B Soanes
Balance outstanding at start of year 35,594 29,428
Amounts advanced - 6,166
Amounts repaid (6,144 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,450 35,594

All advances to the director are repayable on demand and interest is charged at the official rate published by HM Revenue and Customs.