Registered Number 06410002
NOT JUST A LABEL LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Computer equipment - 33.33% straight line
Office equipment - 20% straight line
Intangible assets amortisation policy
Website development - 33.33% straight line
Other accounting policies
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net current liabilities of £41,696 and net liabilities of £11,970. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
Grants
Capital based government grants are included within accruals and deferred income in the balance sheet and credited to other income in the profit and loss account over the estimated useful economic lives of the assets to which they relate.
Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction (or, if hedged forward, at the rate of exchange under the related forward currency contract). Monetary assets and liabilities denominated in foreign currencies are translated using the contracted rate or the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Amortisation | |
At 1 November 2014 |
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Charge for the year |
|
On disposals |
|
At 31 October 2015 |
|
Net book values | |
At 31 October 2015 | 22,503 |
At 31 October 2014 | 26,474 |
£ | |
---|---|
Cost | |
At 1 November 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2015 |
|
Net book values | |
At 31 October 2015 | 7,223 |
At 31 October 2014 | 4,237 |