Labelheaven Ltd - Filleted accounts

Labelheaven Ltd
Registered number:		05865250
Statement of Financial Position
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Financial assets			1			1

Current assets
Debtors	3	96,296			96,103
Cash at bank and in hand		670			2,990
		96,966			99,093

Creditors: amounts falling due within one year	4	(187,045)			(182,374)

Net current liabilities			(90,079)			(83,281)

Net liabilities			(90,078)			(83,280)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(90,178)			(83,380)

Shareholder's funds			(90,078)			(83,280)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Schnakenberg
Director
Approved by the board on 28 April 2026

Labelheaven Ltd
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of intercompany loans and a director's loan. The director is planning to continue this financial support for the company for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in impairment losses are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.



2	Employees and directors	2025		2024
Number			Number

	Average number of directors and persons employed by the company	1		1


3	Debtors	2025		2024
£			£

	Trade debtors	96,104		96,103
	Other debtors	192		-
		96,296		96,103


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	291		143
	Accruals	1,295		1,275
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	159,289		154,707
	Other taxes and social security costs	15,769		15,842
	Other creditors	10,401		10,407
		187,045		182,374


5	Related party transactions	2025		2024
£			£
	J Schnakenberg
	Director and 100% shareholder of Labelheaven Ltd
	Amount due from (to) the related party	(10,400)		(10,406)

	LabelOcean
	LabelOcean is a company that is registered in Germany. J Schnakenberg is director and 100% shareholder of LabelOcean and LabelHeaven Ltd.
	Amount due from (to) the related party	(123,870)		(120,096)

	EtikettenStar
	EtikettenStar is a company that is registered in Germany. J Schnakenberg is director and 100% shareholder of EtikettenStar and LabelHeaven Ltd.
	Amount due from (to) the related party	(35,419)		(34,611)

	LabelWonderland
	LabelWonderland is a company that is registered in Germany. J Schnakenberg is director and 50% shareholder of LabelWonderland. LabelHeaven Ltd. is also 50% shareholder of LabelWonderland.
	Amount due from (to) the related party	96,073		96,073


6	Other information

	Labelheaven Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY