Company Registration No. 08969816 (England and Wales)
Live Labels Ltd
Unaudited accounts
for the year ended 31 March 2019
Live Labels Ltd
Unaudited accounts
Contents
Live Labels Ltd
Company Information
for the year ended 31 March 2019
Directors
Andrew Dalby
Stella Dalby
Company Number
08969816 (England and Wales)
Registered Office
ASHLEY COURT 32 MAIN STREET
ASHLEY
MARKET HARBOROUGH
LEICESTERSHIRE
LE16 8HF
UNITED KINGDOM
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Live Labels Ltd
Statement of financial position
as at
31 March 2019
Cash at bank and in hand
19,607
2,210
Creditors: amounts falling due within one year
(66,962)
(65,555)
Net current assets
18,996
6,285
Called up share capital
2
2
Profit and loss account
19,511
6,829
Shareholders' funds
19,513
6,831
For the year ending 31 March 2019 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 November 2019.
Andrew Dalby
Director
Company Registration No. 08969816
Live Labels Ltd
Notes to the Accounts
for the year ended 31 March 2019
Live Labels Ltd is a private company, limited by shares, registered in England and Wales, registration number 08969816. The registered office is ASHLEY COURT 32 MAIN STREET, ASHLEY, MARKET HARBOROUGH, LEICESTERSHIRE, LE16 8HF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - straight line
Computer equipment
33% - straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2018
756
2,142
2,898
At 31 March 2019
856
2,242
3,098
At 1 April 2018
263
2,089
2,352
Charge for the year
156
73
229
At 31 March 2019
419
2,162
2,581
At 31 March 2019
437
80
517
At 31 March 2018
493
53
546
Live Labels Ltd
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
65,315
68,523
Other debtors
1,036
1,107
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
1,819
Trade creditors
53,600
47,220
Taxes and social security
3,931
2,394
Loans from directors
9,431
14,122
7
Share capital
2019
2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2018: 2).