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Advance Labels Limited
Registered Number:06655655
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Advance Labels Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06655655
As at 31 July 2024
Advance Labels Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
240,004
267,139
2
3
80,000
80,000
Investment property
320,004
347,139
Current assets
Inventories
194,500
50,500
4
Trade and other receivables
343,063
477,085
5
527,585
537,563
Trade and other payables: amounts falling due within one
year
(560,067)
(562,948)
6
(22,504)
(35,363)
Net current liabilities
Total assets less current liabilities
284,641
324,635
Trade and other payables: amounts falling due after more
than one year
(154,165)
(85,133)
7
(64,991)
(64,991)
Provisions for liabilities
134,517
Net assets
105,479
Capital and reserves
Called up share capital
104
104
Revaluation reserve
105,315
105,315
8
Retained earnings
29,098
60
134,517
105,479
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06655655
For the year ended 31 July 2024
Advance Labels Limited
Statement of Financial Position Continued
Mr D Gregory Director
These financial statements were approved and authorised for issue by the Board on 24 February 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Advance Labels Limited
Notes to the Financial Statements
Statutory Information
Advance Labels Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06655655.
Registered address:
84 Broad Street
Syston
Leicester
Leicestershire
LE7 1GH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 August 2023
353,076
25,795
6,576
287,025
33,680
4,664
1,477
-
937
2,250
Additions
At 31 July 2024
287,962
6,576
27,272
357,740
35,930
Provision for depreciation and impairment
At 01 August 2023
85,937
21,775
6,449
31,451
26,262
Charge for year
31,799
1,456
127
28,796
1,420
At 31 July 2024
117,736
23,231
6,576
60,247
27,682
At 31 July 2024
Net book value
8,248
227,715
-
4,041
240,004
At 31 July 2023
7,418
255,574
127
4,020
267,139
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6
For the year ended 31 July 2024
Advance Labels Limited
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 August 2023
80,000
At 31 July 2024
80,000
Net book value
At 31 July 2024
80,000
At 31 July 2023
80,000
4. Inventories
2023
2024
£
£
Stocks
50,500
194,500
5. Trade and other receivables
2023
2024
£
£
Trade debtors
267,268
176,759
Other debtors
209,817
166,304
343,063
477,085
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
111,500
116,771
Trade creditors
196,572
144,730
Taxation and social security
254,876
274,995
Other creditors
-
23,571
562,948
560,067
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7
For the year ended 31 July 2024
Advance Labels Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
81,795
154,165
Other creditors
3,338
-
85,133
154,165
8. Reserves
Total
£
Revaluation reserve at 01 August 2023
105,315
105,315
Revaluation reserve at 31 July 2024
9. Average number of persons employed
During the year the average number of employees was 0 (2023 : 5)
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