IRIS Accounts Production v24.2.0.383 07562401 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075624012023-02-28075624012024-02-29075624012023-03-012024-02-29075624012022-02-28075624012022-03-012023-02-28075624012023-02-2807562401ns15:EnglandWales2023-03-012024-02-2907562401ns14:PoundSterling2023-03-012024-02-2907562401ns10:Director12023-03-012024-02-2907562401ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907562401ns10:SmallEntities2023-03-012024-02-2907562401ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907562401ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907562401ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907562401ns10:FullAccounts2023-03-012024-02-2907562401ns10:Director22023-03-012024-02-2907562401ns10:RegisteredOffice2023-03-012024-02-2907562401ns5:CurrentFinancialInstruments2024-02-2907562401ns5:CurrentFinancialInstruments2023-02-2807562401ns5:ShareCapital2024-02-2907562401ns5:ShareCapital2023-02-2807562401ns5:RetainedEarningsAccumulatedLosses2024-02-2907562401ns5:RetainedEarningsAccumulatedLosses2023-02-2807562401ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-03-012024-02-2907562401ns5:PlantMachinery2023-03-012024-02-2907562401ns5:FurnitureFittings2023-03-012024-02-2907562401ns5:MotorVehicles2023-03-012024-02-2907562401ns5:ComputerEquipment2023-03-012024-02-2907562401ns5:LandBuildings2023-02-2807562401ns5:PlantMachinery2023-02-2807562401ns5:LandBuildings2023-03-012024-02-2907562401ns5:LandBuildings2024-02-2907562401ns5:PlantMachinery2024-02-2907562401ns5:LandBuildings2023-02-2807562401ns5:PlantMachinery2023-02-2807562401ns5:CostValuation2023-02-2807562401ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907562401ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 07562401 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LABEL METRICS LIMITED

LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LABEL METRICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S Roberts
M Bly





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





REGISTERED NUMBER: 07562401 (England and Wales)





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

LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,161 264,286
Investments 5 16,500 16,500
260,661 280,786

CURRENT ASSETS
Stocks 130,441 253,310
Debtors 6 389,241 388,298
Cash at bank and in hand 7 307,942 223,700
827,624 865,308
CREDITORS
Amounts falling due within one year 8 469,945 498,007
NET CURRENT ASSETS 357,679 367,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,340

648,087

PROVISIONS FOR LIABILITIES 51,245 66,072
NET ASSETS 567,095 582,015

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 566,095 581,015
567,095 582,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)

BALANCE SHEET - continued
29 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 20 November 2024 and were signed on its behalf by:





S Roberts - Director


LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Label Metrics 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 generated from the production of labels and recognised upon fulfilment of obligations with the customers.

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 - 20% on cost
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 18,027 1,027,528 1,045,555
Additions - 77,517 77,517
At 29 February 2024 18,027 1,105,045 1,123,072
DEPRECIATION
At 1 March 2023 18,027 763,242 781,269
Charge for year - 97,642 97,642
At 29 February 2024 18,027 860,884 878,911
NET BOOK VALUE
At 29 February 2024 - 244,161 244,161
At 28 February 2023 - 264,286 264,286

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 16,500
NET BOOK VALUE
At 29 February 2024 16,500
At 28 February 2023 16,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 306,011 321,332
Other debtors 83,230 66,966
389,241 388,298

LABEL METRICS LIMITED (REGISTERED NUMBER: 07562401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CASH AT BANK AND IN HAND

Label Metrics Limited is a trading company and cash is held in order to maintain trading levels but also in
anticipation of acquisition of further equipment and expansion of premises together with support in research for acquisition of other similar businesses.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 327,910 372,119
Taxation and social security 133,302 123,597
Other creditors 8,733 2,291
469,945 498,007