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REGISTERED NUMBER: 05613373















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Labelsolutions Uk Limited

Labelsolutions Uk Limited (Registered number: 05613373)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Labelsolutions Uk Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: U Hofmann





SECRETARY: Mrs G Hofmann





REGISTERED OFFICE: 1 Dorchester Way
Prenton
Merseyside
CH43 9JJ





REGISTERED NUMBER: 05613373






Labelsolutions Uk Limited (Registered number: 05613373)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,924 2,405

CURRENT ASSETS
Stocks 1,259 849
Debtors 5 305 326
Cash in hand 1,047 200
2,611 1,375
CREDITORS
Amounts falling due within one year 6 15,207 14,591
NET CURRENT LIABILITIES (12,596 ) (13,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,672

)

(10,811

)

CREDITORS
Amounts falling due after more than
one year

7

8,261

9,517
NET LIABILITIES (18,933 ) (20,328 )

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings (18,958 ) (20,353 )
SHAREHOLDERS' FUNDS (18,933 ) (20,328 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Labelsolutions Uk Limited (Registered number: 05613373)

Balance Sheet - continued
31 December 2023


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 25 September 2024 and were signed by:





U Hofmann - Director


Labelsolutions Uk Limited (Registered number: 05613373)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Labelsolutions Uk Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Labelsolutions Uk Limited (Registered number: 05613373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,221 7,646 7,152 16,019
DEPRECIATION
At 1 January 2023 1,221 7,256 5,137 13,614
Charge for year - 78 403 481
At 31 December 2023 1,221 7,334 5,540 14,095
NET BOOK VALUE
At 31 December 2023 - 312 1,612 1,924
At 31 December 2022 - 390 2,015 2,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
VAT 305 326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 3,380 2,223
Trade creditors 2,614 2,576
Tax 3,876 3,696
Directors' loan accounts 1,965 2,777
Accrued expenses 3,372 3,319
15,207 14,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans - 2-5 years 8,261 9,517

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director loan account was owed to the sole director of the company. No interest has been charged for the loan and there is no set repayment date.The loan is repayable on demand.

Labelsolutions Uk Limited (Registered number: 05613373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is U Hofmann.