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Registered number: 01379742
Brackley Labels Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01379742
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 243,132 246,082
243,132 246,082
CURRENT ASSETS
Stocks 5 24,344 23,763
Debtors 6 26,717 29,212
Cash at bank and in hand 5,320 11,348
56,381 64,323
Creditors: Amounts Falling Due Within One Year 7 (29,729 ) (22,428 )
NET CURRENT ASSETS (LIABILITIES) 26,652 41,895
TOTAL ASSETS LESS CURRENT LIABILITIES 269,784 287,977
NET ASSETS 269,784 287,977
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 269,684 287,877
SHAREHOLDERS' FUNDS 269,784 287,977
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Joanne Biggerstaff
Director
17th April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brackley Labels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01379742 . The registered office is Unit A Nigel Court, Ward Road, Brackley, Northamptonshire, NN13 7LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% on cost of freehold property
Fixtures & Fittings 15% per annum reducing balance basis
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 292,896 486,323 779,219
As at 31 July 2023 292,896 486,323 779,219
Depreciation
As at 1 August 2022 54,348 478,789 533,137
Provided during the period 1,789 1,161 2,950
As at 31 July 2023 56,137 479,950 536,087
Net Book Value
As at 31 July 2023 236,759 6,373 243,132
As at 1 August 2022 238,548 7,534 246,082
5. Stocks
2023 2022
£ £
Stock 24,344 23,763
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,917 16,905
Prepayments and accrued income 15,800 12,307
26,717 29,212
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,869 15,230
Other taxes and social security 3,440 5,533
Other creditors 10,000 167
Accruals and deferred income 1,420 1,498
29,729 22,428
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Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5