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Registration number: 05098066

Smart Print & Labels (Sales) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Smart Print & Labels (Sales) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Smart Print & Labels (Sales) Limited

(Registration number: 05098066)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

3,300

3,867

Current assets

 

Stocks

5

20,517

24,494

Debtors

6

225,118

272,150

Cash at bank and in hand

 

156,741

97,475

 

402,376

394,119

Creditors: Amounts falling due within one year

7

(199,296)

(190,921)

Net current assets

 

203,080

203,198

Total assets less current liabilities

 

206,380

207,065

Provisions for liabilities

(825)

(936)

Net assets

 

205,555

206,129

Capital and reserves

 

Called up share capital

1

1

Retained earnings

205,554

206,128

Shareholders' funds

 

205,555

206,129

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 22 May 2025
 

.........................................
Ms HJ Whittaker
Director

   
     
 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Coach House
11 Parker Street
Chorley
Lancashire
PR7 1ES
United Kingdom

These financial statements were authorised for issue by the director on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, less any estimated residual value, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% on cost

Fixtures and fittings

20% on cost

Computer equipment

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Leasehold alterations
 £

Total
£

Cost or valuation

At 1 April 2024

50,403

5,539

55,942

Additions

1,880

-

1,880

At 31 March 2025

52,283

5,539

57,822

Depreciation

At 1 April 2024

46,536

5,539

52,075

Charge for the year

2,447

-

2,447

At 31 March 2025

48,983

5,539

54,522

Carrying amount

At 31 March 2025

3,300

-

3,300

At 31 March 2024

3,867

-

3,867

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

20,517

24,494

6

Debtors

2025
£

2024
£

Trade debtors

225,118

264,909

Other debtors

-

7,241

225,118

272,150

 

Smart Print & Labels (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

156,144

157,139

Taxation and social security

38,945

30,024

Accruals and deferred income

3,250

3,250

Other creditors

957

508

199,296

190,921