IRIS Accounts Production v24.3.0.553 07174029 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071740292023-08-31071740292024-08-31071740292023-09-012024-08-31071740292022-07-31071740292022-08-012023-08-31071740292023-08-3107174029ns15:EnglandWales2023-09-012024-08-3107174029ns14:PoundSterling2023-09-012024-08-3107174029ns10:Director12023-09-012024-08-3107174029ns10:Director22023-09-012024-08-3107174029ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107174029ns10:SmallEntities2023-09-012024-08-3107174029ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107174029ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107174029ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107174029ns10:FullAccounts2023-09-012024-08-310717402912023-09-012024-08-3107174029ns10:RegisteredOffice2023-09-012024-08-3107174029ns5:CurrentFinancialInstruments2024-08-3107174029ns5:CurrentFinancialInstruments2023-08-3107174029ns5:ShareCapital2024-08-3107174029ns5:ShareCapital2023-08-3107174029ns5:CapitalRedemptionReserve2024-08-3107174029ns5:CapitalRedemptionReserve2023-08-3107174029ns5:RetainedEarningsAccumulatedLosses2024-08-3107174029ns5:RetainedEarningsAccumulatedLosses2023-08-3107174029ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107174029ns5:PlantMachinery2023-09-012024-08-3107174029ns5:ComputerEquipment2023-09-012024-08-3107174029ns5:NetGoodwill2023-08-3107174029ns5:NetGoodwill2024-08-3107174029ns5:NetGoodwill2023-08-3107174029ns5:PlantMachinery2023-08-3107174029ns5:FurnitureFittings2023-08-3107174029ns5:ComputerEquipment2023-08-3107174029ns5:FurnitureFittings2023-09-012024-08-3107174029ns5:PlantMachinery2024-08-3107174029ns5:FurnitureFittings2024-08-3107174029ns5:ComputerEquipment2024-08-3107174029ns5:PlantMachinery2023-08-3107174029ns5:FurnitureFittings2023-08-3107174029ns5:ComputerEquipment2023-08-3107174029ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107174029ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107174029ns5:DeferredTaxation2023-08-3107174029ns5:DeferredTaxation2023-09-012024-08-3107174029ns5:DeferredTaxation2024-08-31
REGISTERED NUMBER: 07174029 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INKREADIBLE LABELS LIMITED

INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INKREADIBLE LABELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs A L Murphy
G L V Burnley





REGISTERED OFFICE: 1 Harbour House, Harbour Way
Shoreham-by-Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 07174029 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,067 12,462
10,067 12,462

CURRENT ASSETS
Stocks 23,934 25,000
Debtors 6 384,653 379,675
Cash at bank 86,881 116,514
495,468 521,189
CREDITORS
Amounts falling due within one year 7 (76,816 ) (40,076 )
NET CURRENT ASSETS 418,652 481,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,719

493,575

PROVISIONS FOR LIABILITIES 8 (2,313 ) (2,367 )
NET ASSETS 426,406 491,208

CAPITAL AND RESERVES
Called up share capital 120 120
Capital redemption reserve 30 30
Retained earnings 426,256 491,058
SHAREHOLDERS' FUNDS 426,406 491,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)

BALANCE SHEET - continued
31 AUGUST 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:




G L V Burnley - Director



Mrs A L Murphy - Director


INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Inkreadible 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 25% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 300,000
AMORTISATION
At 1 September 2023
and 31 August 2024 300,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 103,803 - 1,351 105,154
Additions - 1,718 1,604 3,322
Disposals (25,000 ) - - (25,000 )
At 31 August 2024 78,803 1,718 2,955 83,476
DEPRECIATION
At 1 September 2023 92,654 - 38 92,692
Charge for year 2,228 333 583 3,144
Eliminated on disposal (22,427 ) - - (22,427 )
At 31 August 2024 72,455 333 621 73,409
NET BOOK VALUE
At 31 August 2024 6,348 1,385 2,334 10,067
At 31 August 2023 11,149 - 1,313 12,462

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,380 59,157
Amounts owed by group undertakings 319,000 319,000
Other debtors 2,273 1,518
384,653 379,675

INKREADIBLE LABELS LIMITED (REGISTERED NUMBER: 07174029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,211 2,473
Taxation and social security 37,755 34,181
Other creditors 10,850 3,422
76,816 40,076

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,313 2,367

Deferred
tax
£   
Balance at 1 September 2023 2,367
Credit to Income Statement during year (54 )
Balance at 31 August 2024 2,313

9. RELATED PARTY DISCLOSURES

Marsh Labels Limited has 100% shareholding of Inkreadible Labels Limited.

During the accounting period, Inkreadibles made purchases from Marsh Labels Limited totalling £264,802.

At year end, a loan of £319,000 was owing to Inkreadible Labels from Marsh Labels.

Inkreadibles paid £101,870 in dividends to Marsh Labels