1 April 2023 false No description of principal activity Taxfiler 2024.6 11934409business:PrivateLimitedCompanyLtd2023-04-012024-03-31 119344092023-03-31 119344092023-04-012024-03-31 11934409business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 11934409business:FilletedAccounts2023-04-012024-03-31 119344092024-03-31 11934409business:Director12023-04-012024-03-31 11934409business:Director22023-04-012024-03-31 11934409business:Director32023-04-012024-03-31 11934409business:RegisteredOffice2023-04-012024-03-31 119344092023-03-31 11934409core:WithinOneYear2024-03-31 11934409core:WithinOneYear2023-03-31 11934409core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11934409core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11934409core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11934409core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11934409core:PreviouslyStatedAmount2024-03-31 11934409core:PreviouslyStatedAmount2023-03-31 11934409business:SmallEntities2023-04-012024-03-31 11934409countries:EnglandWales2023-04-012024-03-31 119344092022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11934409 (England and Wales)
LABELXCHANGE LTD Unaudited accounts for the year ended 31 March 2024
LABELXCHANGE LTD Unaudited accounts Contents
Page
- 2 -
LABELXCHANGE LTD Company Information for the year ended 31 March 2024
Directors
Joshua Stead Jordan James Stead Justis Mcevilly
Company Number
11934409 (England and Wales)
Registered Office
OFFICE 316 IMPERIAL CHAMBERS 10-17 SEVEN WOODFORD AVENUE, GANTS HILL LONDON IG2 6JX UNITED KINGDOM
- 3 -
LABELXCHANGE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
50,000 
- 
Cash at bank and in hand
4,455 
1,055 
54,455 
1,055 
Creditors: amounts falling due within one year
(101,453)
(75,672)
Net current liabilities
(46,998)
(74,617)
Net liabilities
(46,998)
(74,617)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(47,001)
(74,620)
Shareholders' funds
(46,998)
(74,617)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Justis Mcevilly Director Company Registration No. 11934409
- 4 -
LABELXCHANGE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LABELXCHANGE LTD is a private company, limited by shares, registered in England and Wales, registration number 11934409. The registered office is OFFICE 316 IMPERIAL CHAMBERS 10-17 SEVEN, WOODFORD AVENUE, GANTS HILL, LONDON, IG2 6JX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,000 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
7,112 
- 
Loans from directors
93,628 
74,742 
Accruals
713 
930 
101,453 
75,672 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -