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REGISTERED NUMBER: 09699350 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

CDM LABELS LIMITED

CDM LABELS LIMITED (REGISTERED NUMBER: 09699350)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CDM LABELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: S Roberts
M Bly





REGISTERED OFFICE: Unit 22, Melton Enterprise Park
Redcliff Road
Melton
Hull
East Yorkshire
HU14 3RS





REGISTERED NUMBER: 09699350 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

CDM LABELS LIMITED (REGISTERED NUMBER: 09699350)

BALANCE SHEET
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 623

CURRENT ASSETS
Debtors 5 34,156 36,644
Cash at bank 186,750 89,227
220,906 125,871
CREDITORS
Amounts falling due within one year 6 122,906 97,869
NET CURRENT ASSETS 98,000 28,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,000

28,625

PROVISIONS FOR LIABILITIES - 156
NET ASSETS 98,000 28,469

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 97,800 28,269
98,000 28,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CDM LABELS LIMITED (REGISTERED NUMBER: 09699350)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





M Bly - Director


CDM LABELS LIMITED (REGISTERED NUMBER: 09699350)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

CDM 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.

Turnover is recognised upon the fulfilment of the rights and obligations of the customer, in relation to the production of label dies, cutters and templates.

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 cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CDM LABELS LIMITED (REGISTERED NUMBER: 09699350)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 22,268
DEPRECIATION
At 1 March 2023 21,645
Charge for year 623
At 28 February 2024 22,268
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 34,156 36,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 38,681 27,708
Taxation and social security 29,546 15,650
Other creditors 54,679 54,511
122,906 97,869

7. RELATED PARTY DISCLOSURES

Label Metrics is also jointly owned by both S Roberts and M Bly. During the year under review, purchases totalling £195,846 (2023 - £257,927) were received from Label Metrics Limited. At the year end, £25,653 (2023 - £22,226) was owed to the company. All transactions were made under normal market conditions.