Smart Print & Labels (Sales) Limited 05098066 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the supply of self adhesive labels, continuous business forms and printing equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 05098066 2023-04-01 2024-03-31 05098066 2024-03-31 05098066 core:RetainedEarningsAccumulatedLosses 2024-03-31 05098066 core:ShareCapital 2024-03-31 05098066 core:CurrentFinancialInstruments 2024-03-31 05098066 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05098066 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 05098066 core:FurnitureFittingsToolsEquipment 2024-03-31 05098066 bus:SmallEntities 2023-04-01 2024-03-31 05098066 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05098066 bus:FilletedAccounts 2023-04-01 2024-03-31 05098066 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05098066 bus:RegisteredOffice 2023-04-01 2024-03-31 05098066 bus:Director1 2023-04-01 2024-03-31 05098066 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05098066 core:ComputerEquipment 2023-04-01 2024-03-31 05098066 core:ConstructionInProgressAssetsUnderConstruction 2023-04-01 2024-03-31 05098066 core:FurnitureFittings 2023-04-01 2024-03-31 05098066 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05098066 core:LeaseholdImprovements 2023-04-01 2024-03-31 05098066 countries:EnglandWales 2023-04-01 2024-03-31 05098066 2023-03-31 05098066 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 05098066 core:FurnitureFittingsToolsEquipment 2023-03-31 05098066 2022-04-01 2023-03-31 05098066 2023-03-31 05098066 core:RetainedEarningsAccumulatedLosses 2023-03-31 05098066 core:ShareCapital 2023-03-31 05098066 core:CurrentFinancialInstruments 2023-03-31 05098066 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05098066 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 05098066 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05098066

Smart Print & Labels (Sales) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Smart Print & Labels (Sales) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Smart Print & Labels (Sales) Limited

(Registration number: 05098066)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,867

4,552

Current assets

 

Stocks

5

24,494

18,728

Debtors

6

272,150

231,363

Cash at bank and in hand

 

97,475

111,376

 

394,119

361,467

Creditors: Amounts falling due within one year

7

(190,921)

(159,976)

Net current assets

 

203,198

201,491

Total assets less current liabilities

 

207,065

206,043

Provisions for liabilities

(936)

(1,862)

Net assets

 

206,129

204,181

Capital and reserves

 

Called up share capital

1

1

Retained earnings

206,128

204,180

Shareholders' funds

 

206,129

204,181

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 15 November 2024
 

.........................................
Ms HJ Whittaker
Director

   
     
 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Coach House
11 Parker Street
Chorley
Lancashire
PR7 1ES
United Kingdom

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, less any estimated residual value, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% on cost

Fixtures and fittings

20% on cost

Computer equipment

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Leasehold alterations
 £

Total
£

Cost or valuation

At 1 April 2023

48,354

5,539

53,893

Additions

2,049

-

2,049

At 31 March 2024

50,403

5,539

55,942

Depreciation

At 1 April 2023

43,802

5,539

49,341

Charge for the year

2,734

-

2,734

At 31 March 2024

46,536

5,539

52,075

Carrying amount

At 31 March 2024

3,867

-

3,867

At 31 March 2023

4,552

-

4,552

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

24,494

18,728

6

Debtors

2024
£

2023
£

Trade debtors

264,909

224,293

Other debtors

7,241

7,070

272,150

231,363

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

157,139

131,214

Taxation and social security

30,024

25,645

Accruals and deferred income

3,250

3,050

Other creditors

508

67

190,921

159,976

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £17,348 (2023 - £24,352).