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REGISTERED NUMBER: 02696344 (England and Wales)















Hine Labels Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






Hine Labels Limited (Registered number: 02696344)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hine Labels Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: P W M Hine
Mrs Z Hine
Mrs A K Hine





SECRETARY: Mrs Z Hine





REGISTERED OFFICE: Hope Street
Rotherham
South Yorkshire
S60 1LH





REGISTERED NUMBER: 02696344 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Hine Labels Limited (Registered number: 02696344)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,649 12,456
Tangible assets 5 1,686,261 1,894,169
1,694,910 1,906,625

CURRENT ASSETS
Stocks 89,554 140,889
Debtors 6 395,642 472,313
Cash at bank and in hand 118,766 234,144
603,962 847,346
CREDITORS
Amounts falling due within one year 7 438,480 482,782
NET CURRENT ASSETS 165,482 364,564
TOTAL ASSETS LESS CURRENT LIABILITIES 1,860,392 2,271,189

CREDITORS
Amounts falling due after more than one year 8 (259,742 ) (339,608 )

PROVISIONS FOR LIABILITIES (23,489 ) (90,023 )

ACCRUALS AND DEFERRED INCOME (105,868 ) (109,453 )
NET ASSETS 1,471,293 1,732,105

CAPITAL AND RESERVES
Called up share capital 60,700 60,700
Capital redemption reserve 5,400 5,400
Retained earnings 1,405,193 1,666,005
SHAREHOLDERS' FUNDS 1,471,293 1,732,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:



Mrs A K Hine - Director


Hine Labels Limited (Registered number: 02696344)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hine Labels Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hine Labels Limited (Registered number: 02696344)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 7,050 9,400 16,450
AMORTISATION
At 1 April 2023 1,410 2,584 3,994
Charge for year 705 3,102 3,807
At 31 March 2024 2,115 5,686 7,801
NET BOOK VALUE
At 31 March 2024 4,935 3,714 8,649
At 31 March 2023 5,640 6,816 12,456

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 888,213 3,534,441 40,320
Additions - - 210
At 31 March 2024 888,213 3,534,441 40,530
DEPRECIATION
At 1 April 2023 240,563 2,305,020 37,324
Charge for year 17,764 184,413 463
At 31 March 2024 258,327 2,489,433 37,787
NET BOOK VALUE
At 31 March 2024 629,886 1,045,008 2,743
At 31 March 2023 647,650 1,229,421 2,996

Hine Labels Limited (Registered number: 02696344)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 70,084 152,898 4,685,956
Additions - - 210
At 31 March 2024 70,084 152,898 4,686,166
DEPRECIATION
At 1 April 2023 58,586 150,294 2,791,787
Charge for year 2,874 2,604 208,118
At 31 March 2024 61,460 152,898 2,999,905
NET BOOK VALUE
At 31 March 2024 8,624 - 1,686,261
At 31 March 2023 11,498 2,604 1,894,169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 371,990 409,599
Other debtors 23,652 62,714
395,642 472,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 79,867 73,706
Trade creditors 187,518 157,483
Taxation and social security 55,151 79,557
Other creditors 115,944 172,036
438,480 482,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 259,742 339,608

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 79,867 73,706
Between one and five years 259,742 339,608
339,609 413,314

Hine Labels Limited (Registered number: 02696344)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,525 -
Between one and five years 10,574 -
14,099 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 339,609 413,314

The hire purchase contracts are secured on the assets concerned.