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REGISTERED NUMBER: 04692804 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Graphix Signs & Labels Limited

Graphix Signs & Labels Limited (Registered number: 04692804)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Graphix Signs & Labels Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S C Harvey





SECRETARY: Mr G Harvey





REGISTERED OFFICE: Orchard Cottage
Green Street
Elsenham
Essex
CM226DS





REGISTERED NUMBER: 04692804 (England and Wales)





ACCOUNTANTS: R Dear Accountancy Services
4 Hawthorns
Riddings Lane
Harlow
Essex
CM18 7HT

Graphix Signs & Labels Limited (Registered number: 04692804)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,239 14,987

CURRENT ASSETS
Stocks 788 750
Debtors 5 6,290 16,845
Cash at bank and in hand 36,141 17,895
43,219 35,490
CREDITORS
Amounts falling due within one year 6 16,838 23,916
NET CURRENT ASSETS 26,381 11,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,620

26,561

CREDITORS
Amounts falling due after more than
one year

7

(8,213

)

(11,262

)

PROVISIONS FOR LIABILITIES 8 (875 ) (1,487 )
NET ASSETS 28,532 13,812

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 28,531 13,811
SHAREHOLDERS' FUNDS 28,532 13,812

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 director acknowledges his 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.

Graphix Signs & Labels Limited (Registered number: 04692804)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2023 and were signed by:





Mr S C Harvey - Director


Graphix Signs & Labels Limited (Registered number: 04692804)

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

1. STATUTORY INFORMATION

Graphix Signs & 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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 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.

Graphix Signs & Labels Limited (Registered number: 04692804)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 35,884 4,520 18,700 59,104
DEPRECIATION
At 1 April 2022 32,463 4,190 7,464 44,117
Charge for year 856 83 2,809 3,748
At 31 March 2023 33,319 4,273 10,273 47,865
NET BOOK VALUE
At 31 March 2023 2,565 247 8,427 11,239
At 31 March 2022 3,421 330 11,236 14,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,288 16,846
Other debtors 2 (1 )
6,290 16,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,240 3,240
Trade creditors 434 10,070
Taxation and social security 6,072 1,406
Other creditors 7,092 9,200
16,838 23,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 8,213 11,262

Graphix Signs & Labels Limited (Registered number: 04692804)

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

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 875 1,487

Deferred
tax
£   
Balance at 1 April 2022 1,487
Credit to Statement of Income and Retained Earnings during
year

(612

)
Balance at 31 March 2023 875

9. CALLED UP SHARE CAPITAL

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