Company Registration No. 05461319 (England and Wales)
Labelman Limited
Unaudited accounts
for the year ended 30 June 2024
Labelman Limited
Unaudited accounts
Contents
Labelman Limited
Company Information
for the year ended 30 June 2024
Directors
R L W Cramer
Mark Cramer
Company Number
05461319 (England and Wales)
Registered Office
ABBEY SPRINGS CHANTRY LANE
STORRINGTON
PULBOROUGH
WEST SUSSEX
RH20 4AB
Accountants
Nicola Grobety (MAAT)
Longwood Business Support Ltd
16 Longwood View
Crawley
West Sussex
RH10 6PB
Labelman Limited
Statement of financial position
as at 30 June 2024
Intangible assets
17,018
-
Tangible assets
1,021
2,034
Cash at bank and in hand
67,994
84,012
Creditors: amounts falling due within one year
(208,445)
(184,168)
Net current assets
133,735
97,902
Total assets less current liabilities
151,774
99,936
Provisions for liabilities
Called up share capital
120
120
Profit and loss account
151,353
99,430
Shareholders' funds
151,473
99,550
For the year ending 30 June 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 March 2025 and were signed on its behalf by
R L W Cramer
Director
Company Registration No. 05461319
Labelman Limited
Notes to the Accounts
for the year ended 30 June 2024
Labelman Limited is a private company, limited by shares, registered in England and Wales, registration number 05461319. The registered office is ABBEY SPRINGS CHANTRY LANE, STORRINGTON, PULBOROUGH, WEST SUSSEX, RH20 4AB.
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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.
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.
The abridged financial statements have been prepared in accordance with FRS 102 Section 1A small entities - the Financial Reporting Standard applicable in the United Kingdom and the Companies Act 2006.
The accounts are presented in £ sterling.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any amounts have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following annual rates:
Plant & machinery
25% per annum on cost.
Motor vehicles
25% per annum on reducing balance
Computer equipment
25% per annum on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Labelman Limited
Notes to the Accounts
for the year ended 30 June 2024
Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire
purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risk ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
Inventories are stated at the lower of cost and estimated selling price to complete and sell (net realisable value). Costs which comprise direct production costs are based on the method most appropriate to the type of inventory class, but usually on a firstin-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less estimated completion or selling costs.
When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories
are recognised as an expense in the period in which the write-down or loss occurs.
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the
reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in computation of taxable profit. The carrying amount of deferred tax assets
is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
Labelman Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Other
Intangible Assets relate to a website not yet amortised.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
41,267
11,803
3,365
56,435
At 30 June 2024
41,842
11,803
3,365
57,010
At 1 July 2023
39,987
11,049
3,365
54,401
Charge for the year
832
756
-
1,588
At 30 June 2024
40,819
11,805
3,365
55,989
At 30 June 2024
1,023
(2)
-
1,021
At 30 June 2023
1,280
754
-
2,034
Raw materials
74,666
71,719
Amounts falling due within one year
Trade debtors
174,569
112,227
Accrued income and prepayments
19,173
11,866
Labelman Limited
Notes to the Accounts
for the year ended 30 June 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
138,788
143,304
Taxes and social security
42,864
31,101
Proposed dividends
11,987
6,450
Other creditors
9,990
2,113
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).