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Advance Labels Limited
Registered Number:06655655
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Advance Labels Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06655655
As at 31 July 2023
Advance Labels Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
267,012
305,555
2
3
80,000
37,946
Investment property
347,012
343,501
Current assets
Inventories
84,000
194,500
4
Trade and other receivables
454,768
343,190
5
3,040
Cash and cash equivalents
-
537,690
541,808
Trade and other payables: amounts falling due within one
year
(651,952)
(560,067)
6
(110,144)
(22,377)
Net current liabilities
Total assets less current liabilities
324,635
233,357
Trade and other payables: amounts falling due after more
than one year
(137,554)
(154,165)
7
(64,991)
(52,364)
Provisions for liabilities
105,479
Net assets
43,439
Capital and reserves
Called up share capital
104
104
Revaluation reserve
105,315
63,261
8
Retained earnings
60
(19,926)
105,479
43,439
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06655655
For the year ended 31 July 2023
Advance Labels Limited
Statement of Financial Position Continued
Mr D Gregory Director
These financial statements were approved and authorised for issue by the Board on 27 March 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Advance Labels Limited
Notes to the Financial Statements
Statutory Information
Advance Labels Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06655655.
Registered address:
84 Broad Street
Syston
Leicester
Leicestershire
LE7 1GH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 August
2022
375,660
19,783
6,576
21,556
297,504
30,241
11,971
6,012
-
-
2,520
3,439
Additions
-
-
-
(12,999)
-
Disposals
(12,999)
At 31 July 2023
33,680
21,556
6,576
25,795
374,632
287,025
Provision for depreciation and impairment
At 01 August
2022
70,105
19,629
6,448
16,167
3,001
24,860
Charge for year
37,515
2,146
128
5,389
28,450
1,402
At 31 July 2023
107,620
21,775
6,576
21,556
31,451
26,262
At 31 July 2023
Net book value
7,418
255,574
-
-
4,020
267,012
5,381
294,503
5,389
128
154
305,555
At 31 July 2022
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6
For the year ended 31 July 2023
Advance Labels Limited
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 August 2022
37,946
Fair value adjustments
42,054
At 31 July 2023
80,000
Net book value
At 31 July 2023
80,000
At 31 July 2022
37,946
4. Inventories
2022
2023
£
£
Stocks
194,500
84,000
5. Trade and other receivables
2022
2023
£
£
Trade debtors
176,759
166,591
Other debtors
166,431
288,177
454,768
343,190
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
4,489
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
116,771
156,010
Trade creditors
144,730
172,618
Taxation and social security
274,995
242,700
Other creditors
23,571
80,624
560,067
651,952
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7
For the year ended 31 July 2023
Advance Labels Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
154,165
95,053
Other creditors
-
42,501
154,165
137,554
8. Reserves
Total
£
Revaluation reserve at 01 August 2022
63,261
Revaluation of fixed assets
42,054
105,315
Revaluation reserve at 31 July 2023
9. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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