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Registered number: 15026583
Labelrail (UK) Company Limited
Financial Statements
For the Period 25 July 2023 to 30 April 2024
Alexander Myerson & Co Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15026583
30 April 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 39,563
39,563
CURRENT ASSETS
Debtors 5 36,592
36,592
Creditors: Amounts Falling Due Within One Year 6 (75,325 )
NET CURRENT ASSETS (LIABILITIES) (38,733 )
TOTAL ASSETS LESS CURRENT LIABILITIES 830
NET ASSETS 830
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 829
SHAREHOLDERS' FUNDS 830
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K T Choi
Director
1 April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Labelrail (UK) Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15026583 . The registered office is 3 West Street, Leighton Buzzard, Bedfordshire, LU7 1DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, for sale of services to other group companies in the ordinary nature of the business. The fair value of consideration is stated as inter group recharge of operating expenses with a 5% margin. Turnover is shown net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 25 July 2023 -
Additions 52,675
As at 30 April 2024 52,675
Depreciation
As at 25 July 2023 -
Provided during the period 13,112
As at 30 April 2024 13,112
Net Book Value
As at 30 April 2024 39,563
As at 25 July 2023 -
5. Debtors
30 April 2024
£
Due within one year
Prepayments and accrued income 1,499
Other debtors 4,468
Vat recoverable 10,619
Amounts owed by group undertakings 20,006
36,592
6. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Accruals and deferred income 3,250
Amounts owed to group undertakings 72,075
75,325
7. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 1
8. Related Party Transactions
The company has taken advantage of the exemption available not to report related party transactions entered into between two or more members of a group in which the subsidiary which is party to the transaction is 100% wholly owned.
9. Ultimate Controlling Party
The company's immediate shareholder is JC Fashion Group Limited, an entity registered in Hong Kong. The ultimate parent entity of the company is JC Fashion International Group Limited, a British Virgin Island entity, that is wholly owned by Mr King Ting Charles Choi.
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10. Audit Information
The auditor's report on the accounts of Labelrail (UK) Company Limited for the period ended 30 April 2024 was unqualified.
The auditor's report was signed by Paul Burns Bsc BFP FCA (Senior Statutory Auditor) for and on behalf of Alexander Myerson & Co Limited , Statutory Auditor.
Alexander Myerson & Co Limited
61 Rodney Street
Liverpool
L1 9ER
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