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REGISTERED NUMBER: 01302244 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Adcal Labels Limited

Adcal Labels Limited (Registered number: 01302244)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Adcal Labels Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr M D O'Connor
Mrs K A O'Connor





REGISTERED OFFICE: Jayem Works
Gomm Road
High Wycombe
Bucks
HP13 7DJ





REGISTERED NUMBER: 01302244 (England and Wales)





ACCOUNTANTS: Whitemead Accountants Limited
3 Whiteley
Windsor
Berks
SL4 5PJ

Adcal Labels Limited (Registered number: 01302244)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,640 207,973

CURRENT ASSETS
Stocks 57,260 78,634
Debtors 5 367,850 352,442
Cash at bank and in hand 325,835 275,182
750,945 706,258
CREDITORS
Amounts falling due within one year 6 174,205 215,662
NET CURRENT ASSETS 576,740 490,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,380

698,569

PROVISIONS FOR LIABILITIES 37,576 39,311
NET ASSETS 737,804 659,258

CAPITAL AND RESERVES
Called up share capital 10,028 10,028
Capital redemption reserve 200,000 200,000
Retained earnings 527,776 449,230
737,804 659,258

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.

Adcal Labels Limited (Registered number: 01302244)

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.

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 9 November 2023 and were signed on its behalf by:





Mr M D O'Connor - Director


Adcal Labels Limited (Registered number: 01302244)

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

1. STATUTORY INFORMATION

Adcal Labels 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks 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 stocks to their present location and condition.

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.

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.

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.

Adcal Labels Limited (Registered number: 01302244)

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 856,178
Additions 15,415
Disposals (6,276 )
At 30 April 2023 865,317
DEPRECIATION
At 1 May 2022 648,205
Charge for year 22,977
Eliminated on disposal (4,505 )
At 30 April 2023 666,677
NET BOOK VALUE
At 30 April 2023 198,640
At 30 April 2022 207,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 177,668 158,041
Amounts owed by group undertakings 169,628 172,998
Other debtors 20,554 21,403
367,850 352,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 78,646 73,724
Taxation and social security 39,427 24,824
Other creditors 56,132 117,114
174,205 215,662

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year 9,349 7,341
Between one and five years 6,514 2,835
15,863 10,176

Adcal Labels Limited (Registered number: 01302244)

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

8. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Adcal Holdings Limited and as such has taken advantage of the exemption under Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with other wholly-owned members of the group.