Company registration number 04141754 (England and Wales)
JAMES LABELS & SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
JAMES LABELS & SUPPLIES LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Statement of changes in equity
1
Notes to the financial statements
4 - 8
JAMES LABELS & SUPPLIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2023
2
819,814
819,816
Year ended 31 January 2024:
Profit and total comprehensive income
-
135,674
135,674
Issue of share capital
9
2
-
2
Dividends
-
(100,000)
(100,000)
Balance at 31 January 2024
4
855,488
855,492
Year ended 31 January 2025:
Loss and total comprehensive income
-
(138,753)
(138,753)
Dividends
-
(2,000)
(2,000)
Balance at 31 January 2025
4
714,735
714,739
JAMES LABELS & SUPPLIES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
3
-
0
-
0
Tangible assets
4
578,381
372,689
578,381
372,689
Current assets
Stocks
88,597
108,047
Debtors
5
284,793
337,083
Cash at bank and in hand
177,371
403,600
550,761
848,730
Creditors: amounts falling due within one year
6
(141,090)
(234,761)
Net current assets
409,671
613,969
Total assets less current liabilities
988,052
986,658
Creditors: amounts falling due after more than one year
7
(240,367)
(37,994)
Provisions for liabilities
9
(32,946)
(93,172)
Net assets
714,739
855,492
Capital and reserves
Called up share capital
9
4
4
Profit and loss reserves
714,735
855,488
Total equity
714,739
855,492

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
JAMES LABELS & SUPPLIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 3 -
Mr A P James
Director
Company Registration No. 04141754
JAMES LABELS & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

James Labels & Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 2 - 3 Plantation Mill, Market Street, Bacup, Lancashire, OL13 0BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.true

1.3
Turnover

Turnover represents amounts receivable for label manufacturing, printing and supplying net of VAT and trade discounts.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
12.5% Reducing balance
Fixtures, fittings & equipment
12.5% to 25% Reducing balance
Motor vehicles
25% Reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

JAMES LABELS & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
2
Employees
2025
2024
Number
Number
Total
14
14
3
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024 and 31 January 2025
19,200
Amortisation and impairment
At 1 February 2024 and 31 January 2025
19,200
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
571,861
63,747
119,235
754,843
Additions
260,710
5,018
65,420
331,148
Disposals
-
0
-
0
(64,990)
(64,990)
At 31 January 2025
832,571
68,765
119,665
1,021,001
Depreciation and impairment
At 1 February 2024
289,812
46,840
45,502
382,154
Depreciation charged in the year
67,845
4,682
17,896
90,423
Eliminated in respect of disposals
-
0
-
0
(29,957)
(29,957)
At 31 January 2025
357,657
51,522
33,441
442,620
Carrying amount
At 31 January 2025
474,914
17,243
86,224
578,381
At 31 January 2024
282,048
16,908
73,733
372,689

Assets under Hire Purchase have a carrying amount of £359,117 at the year end (2024 - £33,745).

JAMES LABELS & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
248,001
327,852
Corporation tax recoverable
28,239
-
0
Other debtors
8,553
9,231
284,793
337,083

Other debtors comprise prepayments £8,553 (2024 £9,231),

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
(12,500)
Obligations under finance leases
75,335
28,847
Trade creditors
55,125
97,072
Corporation tax
(28,239)
75,695
Other taxation and social security
32,671
32,765
Other creditors
171
9,678
Accruals and deferred income
6,027
3,204
141,090
234,761

Other creditors comprise £170 (2024 £9,678) loan from the directors.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
240,367
37,994
8
Deferred taxation

The following are the deferred tax liabilities recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Deferred Tax
32,946
93,172
JAMES LABELS & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
8
Deferred taxation
(Continued)
- 7 -
2025
Movements in the year:
£
Liability at 1 February 2024
93,172
Credit to profit or loss
(60,226)
Liability at 31 January 2025
32,946
JAMES LABELS & SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary shares of £1 each
4
4
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