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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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EURO LABEL PRINTERS LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2017 |
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for |
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EURO LABEL PRINTERS LIMITED |
EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Contents of the Financial Statements |
for the year ended 31 March 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 7 |
EURO LABEL PRINTERS LIMITED |
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Company Information |
for the year ended 31 March 2017 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Balance Sheet |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
7 |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps 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 Sections 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. |
EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Balance Sheet - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements |
for the year ended 31 March 2017 |
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1. | Statutory information |
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Euro Label Printers Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date |
of transition to FRS 102 Section 1A is 1 April 2015. |
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Significant judgements and estimates |
The presentation of the financial statements requires management to make judgements, estimates and |
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and |
are based on experience and other factors, including exceptions of future events that are believed to be |
reasonable under the circumstances. |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced for goods sold and services |
provided during the year, exclusive of Value Added Tax. |
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Tangible fixed assets |
All fixed assets are recorded at cost |
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Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
economic life of that asset as follows: |
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Plant and machinery 10%/15% on net book value |
Fixtures and fittings 10% on net book value |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
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EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred taxation is provided on the liability method to take account of timing differences between the |
treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or |
accelerated is accounted for in respect of all material timing differences. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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Depreciation |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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5. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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EURO LABEL PRINTERS LIMITED (REGISTERED NUMBER: 01175435) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
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6. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Social security and other taxes |
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VAT | 29,813 | 31,608 |
Other creditors |
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Directors' current accounts | - | 3,400 |
Accrued expenses |
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7. | Creditors: amounts falling due after more than one year |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Euro Label Printers Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Euro Label Printers Limited for the year ended 31 March 2017 which comprise the Profit and |
Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Euro Label Printers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Euro Label Printers Limited and state those matters that we have agreed to state to the Board of Directors of Euro Label Printers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Euro Label Printers Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Euro Label Printers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Euro Label Printers Limited. You consider that Euro Label Printers Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Euro Label Printers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
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