IRIS Accounts Production v23.2.0.158 07132671 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071326712022-03-31071326712023-03-31071326712022-04-012023-03-31071326712021-03-31071326712021-04-012022-03-31071326712022-03-3107132671ns16:EnglandWales2022-04-012023-03-3107132671ns15:PoundSterling2022-04-012023-03-3107132671ns11:Director12022-04-012023-03-3107132671ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107132671ns11:SmallEntities2022-04-012023-03-3107132671ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3107132671ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107132671ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107132671ns11:FullAccounts2022-04-012023-03-3107132671ns11:OrdinaryShareClass12022-04-012023-03-3107132671ns11:RegisteredOffice2022-04-012023-03-3107132671ns6:CurrentFinancialInstruments2023-03-3107132671ns6:CurrentFinancialInstruments2022-03-3107132671ns6:ShareCapital2023-03-3107132671ns6:ShareCapital2022-03-3107132671ns6:RetainedEarningsAccumulatedLosses2023-03-3107132671ns6:RetainedEarningsAccumulatedLosses2022-03-3107132671ns6:PlantMachinery2022-04-012023-03-3107132671ns6:FurnitureFittings2022-04-012023-03-3107132671ns6:ComputerEquipment2022-04-012023-03-3107132671ns6:LandBuildings2022-03-3107132671ns6:PlantMachinery2022-03-3107132671ns6:FurnitureFittings2022-03-3107132671ns6:ComputerEquipment2022-03-3107132671ns6:LandBuildings2022-04-012023-03-3107132671ns6:LandBuildings2023-03-3107132671ns6:PlantMachinery2023-03-3107132671ns6:FurnitureFittings2023-03-3107132671ns6:ComputerEquipment2023-03-3107132671ns6:LandBuildings2022-03-3107132671ns6:PlantMachinery2022-03-3107132671ns6:FurnitureFittings2022-03-3107132671ns6:ComputerEquipment2022-03-3107132671ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107132671ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107132671ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 07132671 (England and Wales)















LABELS BY JUDY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






LABELS BY JUDY LTD (REGISTERED NUMBER: 07132671)






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

Report of the Accountants 6

LABELS BY JUDY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs J H Vickerman





REGISTERED OFFICE: 50 Broad Oak
Linthwaite
HUDDERSFIELD
West Yorkshire
HD7 5TE





REGISTERED NUMBER: 07132671 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

LABELS BY JUDY LTD (REGISTERED NUMBER: 07132671)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 408,337 408,650

CURRENT ASSETS
Inventories 5 11,945 13,945
Debtors 6 795 276
Cash at bank 57,235 52,533
69,975 66,754
CREDITORS
Amounts falling due within one year 7 445,069 447,976
NET CURRENT LIABILITIES (375,094 ) (381,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,243

27,428

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 33,143 27,328
SHAREHOLDERS' FUNDS 33,243 27,428

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 her 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.

LABELS BY JUDY LTD (REGISTERED NUMBER: 07132671)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2023 and were signed by:





Mrs J H Vickerman - Director


LABELS BY JUDY LTD (REGISTERED NUMBER: 07132671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Labels By Judy Ltd 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Computer Equipment - 15% on reducing balance

Stocks
Inventories 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 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.

3. EMPLOYEES AND DIRECTORS

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

LABELS BY JUDY LTD (REGISTERED NUMBER: 07132671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Computer
property Machinery Fittings Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 406,568 2,897 5,366 983 415,814
DEPRECIATION
At 1 April 2022 - 2,414 4,327 423 7,164
Charge for year - 72 156 85 313
At 31 March 2023 - 2,486 4,483 508 7,477
NET BOOK VALUE
At 31 March 2023 406,568 411 883 475 408,337
At 31 March 2022 406,568 483 1,039 560 408,650

5. INVENTORIES
2023 2022
£    £   
Stocks 11,945 13,945

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 795 276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,966 17,181
Taxation and social security 1,762 2,908
Other creditors 431,341 427,887
445,069 447,976

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

LABELS BY JUDY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
LABELS BY JUDY LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


6 July 2023