LABEL GROUP MCR LIMITED |
Notes to the Accounts |
for the year ended 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 July 2022 |
754 |
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At 30 June 2023 |
754 |
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Depreciation |
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At 30 June 2023 |
- |
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Net book value |
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At 30 June 2023 |
754 |
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At 30 June 2022 |
754 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
1,165 |
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1,165 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
80 |
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80 |
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Taxation and social security costs |
41 |
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41 |
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Other creditors |
12,483 |
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12,979 |
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12,604 |
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13,100 |
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6 |
Other information |
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LABEL GROUP MCR LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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6 Cheviot Street |
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Manchester |
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United Kingdom |
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M3 1LW |