Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 4 | ||||||
Tangible assets | 5 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 8 | ( |
( |
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Deferred tax | 9 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | 10 | ||||||
Share premium | 11 | 30 | 30 | ||||
Profit and loss account | |||||||
Shareholders' funds - Net Equity | |||||||
Mrs R Clarke | |||||||
Director | |||||||
Approved by the board on |
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The notes on pages 6 to 10 form part of these financial statements | |||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Entities are required to adopt the going concern basis of accounting, except in circumstances where the company determines at the date of approval of the accounts that it is not acceptable. The future is of course uncertain due to the unknown future impact the supply chains, affected by Brexit and the war in Ukraine, might have on the Company which may be out of our control. We have however been able to look at the position since the year-end up to the current date. At present the Directors have carried out an assessment and believe the company is willing and able to stay in business for the foreseeable future covering at least 12 months from approval of these accounts subject to the above. |
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Turnover | ||||||||
Intangible fixed assets - Goodwill | ||||||||
Tangible fixed assets and Depreciation | ||||||||
Plant and machinery | 5% to 50% straight line | |||||||
Motor vehicles | 25% reducing balance | |||||||
Computer | 20% to 33.33% straight line | |||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Leased assets | ||||||||
Pensions | ||||||||
2 | Interest payable | 2023 | 2022 | |||||
£ | £ | |||||||
Hire purchase / other | 11,685 | 7,762 | ||||||
Interest payable | 11,685 | 7,762 | ||||||
3 | Taxation | 2023 | 2022 | |||||
£ | £ | |||||||
UK corporation tax | 522 | - | ||||||
Deferred tax | 6,000 | (15,000) | ||||||
6,522 | (15,000) | |||||||
4 | Intangible fixed assets | £ | ||||||
Goodwill: | ||||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
At 31 December 2023 | ||||||||
Amortisation | ||||||||
At 1 January 2023 | ||||||||
At 31 December 2023 | ||||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 31 December 2022 | ||||||||
The company purchased the goodwill of Columbia Print on 30th March 2007 for a total cost £226,300. The value of created goodwill is not included. | ||||||||
5 | Tangible fixed assets | |||||||
Plant and machinery etc | Motor vehicles | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Additions | - | |||||||
Disposals | ( |
( |
( |
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At 31 December 2023 | ||||||||
Depreciation | ||||||||
At 1 January 2023 | ||||||||
Charge for the year | ||||||||
On disposals | ( |
( |
( |
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At 31 December 2023 | ||||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 31 December 2022 | ||||||||
6 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
7 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Obligations under finance lease and hire purchase contracts | ||||||||
Director's loan (note 13) | 3 | 3 | ||||||
Trade creditors | ||||||||
Corporation tax | 400 | 722 | ||||||
Other taxes and social security costs | ||||||||
Other creditors | ||||||||
8 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Obligations under finance lease and hire purchase contracts | ||||||||
Total falling due within one year | 146,562 | 86,678 | ||||||
Total falling due after more than one year | 295,874 | 62,993 | ||||||
442,436 | 149,671 | |||||||
These obligations are secured on the assets financed. | ||||||||
9 | Provisions for liabilities | 2023 | 2022 | |||||
Deferred taxation: | £ | £ | ||||||
Accelerated capital allowances | 229,500 | 223,500 | ||||||
2023 | 2022 | |||||||
£ | £ | |||||||
At 1 January | at 19% | 223,500 | 238,500 | |||||
Deferred tax (credit)/charge in Profit and Loss Account | 6,000 | (15,000) | ||||||
At 31 December | at 19% | 229,500 | 223,500 | |||||
10 | Share capital | Nominal Value | 2023 | 2023 | 2022 | |||
£ | £ | |||||||
Alloted, called up and fully paid | ||||||||
Ordinary shares | £1 each | 1970 | 1,970 | 1,970 | ||||
11 | Share premium | 2023 | 2022 | |||||
£ | £ | |||||||
At 1 January 2023 | 30 | 30 | ||||||
At 31 December 2023 | 30 | 30 | ||||||
12 | Dividends | 2023 | 2022 | |||||
£ | £ | |||||||
Dividends for which the company became liable during the year: | ||||||||
Dividends paid | - | 100,000 | ||||||
13 | The Related Party Transactions | |||||||
The related party transactions were as follows: | ||||||||
The balance on the Directors' loan relates to T Grice, arising mainly from business mileage for the company in his personal vehicle, offset by expense payments on his behalf (see note 7). | ||||||||
The company pays for the preparation of accounts services with regard to the Directors' Self Administered Pension Scheme of £1,695 (Dec 2022 £1,695) and also the cost of pension advising services of £ 1,888 (Dec 2022 £2,154). | ||||||||
During the period four properties were rented by Directors' Self Administered Pension Plan to the company at market rent £80,000 + VAT p.a. (Dec 2022 £80,000 + VAT) (paid monthly). The leases are for a period of 10 years to 2028. The annual rental has been increased to £130,000 from April 2024. | ||||||||
Dividends paid in the year are paid in the proportion of shares held. | ||||||||
. | ||||||||
14 | Controlling party | |||||||
15 | Other information | |||||||
Vista Labels Ltd is a private company limited by shares and incorporated in England. Its registered office is: Vista House, 349 Hempshaw Lane, Stockport, CHESHIRE SK1 4NB | ||||||||
16 | Average number of employees | |||||||
2023 | 2022 | |||||||
The number of employees during the year was | ||||||||
The number of employees during the year was | ||||||||
17 | Post Balance Sheet Events | |||||||
No material events have arisen since the year end, which necessitate revision to these accounts. | ||||||||
18 | Operating lease commitments | 2023 | 2022 | |||||
( Non cancellable) | Land & Buildings | Other | Land & Buildings | Other | ||||
£ | £ | £ | £ | |||||
Minimum lease payments under non cancellable operating leases due not later than one year | 117,500 | 8,079 | 80,000 | 7,206 | ||||
Due later than one year and not later than five years | 380,000 | 5,664 | 307,000 | 7,167 | ||||
Due after more than five years | - | - | 7,000 | - | ||||
497,500 | 13,743 | 394,000 | 14,373 | |||||