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REGISTERED NUMBER: SC201686 (Scotland)





















Unaudited Financial Statements for the Year Ended 30 November 2023

for

LOGO LABELS LTD.

LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOGO LABELS LTD.

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S McNeil





SECRETARY:





REGISTERED OFFICE: Unit 2 120 Stepps Road
Queenslie Point
Glasgow
G33 3NQ





REGISTERED NUMBER: SC201686 (Scotland)





ACCOUNTANTS: Kilpatrick Accounting
172 Cumbernauld Road
Chryston
Glasgow
G69 9NB

LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547,851 495,849

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 177,037 191,475
Cash at bank and in hand 273,733 272,419
453,770 466,894
CREDITORS
Amounts falling due within one year 6 144,044 114,785
NET CURRENT ASSETS 309,726 352,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,577

847,958

CREDITORS
Amounts falling due after more than
one year

7

256,474

325,578
NET ASSETS 601,103 522,380

LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 601,101 522,378
601,103 522,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2024 and were signed by:





S McNeil - Director


LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Logo Labels Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 273,367 416,429 689,796
Additions - 162,405 162,405
Disposals - (77,835 ) (77,835 )
At 30 November 2023 273,367 500,999 774,366
DEPRECIATION
At 1 December 2022 445 193,502 193,947
Charge for year 53 93,479 93,532
Eliminated on disposal - (60,964 ) (60,964 )
At 30 November 2023 498 226,017 226,515
NET BOOK VALUE
At 30 November 2023 272,869 274,982 547,851
At 30 November 2022 272,922 222,927 495,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 166,086 129,964
Other debtors 10,951 61,511
177,037 191,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,800 12,800
Trade creditors 27,032 29,131
Taxation and social security 85,171 45,250
Other creditors 19,041 27,604
144,044 114,785

LOGO LABELS LTD. (REGISTERED NUMBER: SC201686)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 103,466 116,266
Other creditors 153,008 209,312
256,474 325,578