REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2016 |
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FOR |
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C.V. LABELS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2016 |
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FOR |
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C.V. LABELS LIMITED |
C.V. LABELS LIMITED (REGISTERED NUMBER: SC116848) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
C.V. LABELS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2016 |
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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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Chartered Accountants |
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C.V. LABELS LIMITED (REGISTERED NUMBER: SC116848) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2016 |
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30.6.16 | 30.6.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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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 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
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. |
C.V. LABELS LIMITED (REGISTERED NUMBER: SC116848) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2016 |
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The financial statements were approved by the Board of Directors on
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C.V. LABELS LIMITED (REGISTERED NUMBER: SC116848) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of |
services provided under contracts to the extent that there is a right to consideration and is recorded at the value |
of the consideration due. |
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Tangible fixed assets |
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Property improvements | - |
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Plant & machinery | - |
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Fixtures & fittings | - |
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Equipment | - |
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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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Raw Materials are at their purchase cost. Finished goods are valued at the prime cost of labour and materials |
plus attributable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the |
balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the |
company has entered into a binding agreement to sell the assets recognised the gains and losses expected to arise |
on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a |
replacement asset. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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 the profit and loss account in the period to which they relate. |
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Government grants |
Regional Selective Assistance Grants were received in 1992, 1997, 2003, 2012 and 2015. These have been |
credited to a reserve account to match expenditure on fixed assets. The grants are being released to the Profit |
and Loss Account at the same rate as Plant & machinery is depreciated. |
C.V. LABELS LIMITED (REGISTERED NUMBER: SC116848) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
value: | £ | £ |
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Ordinary | £1 |
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4. | RELATED PARTY DISCLOSURES |
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Included within other creditors is a loan due to the director RS Veitch of £7,989 (2015 £1,204). |
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During the year the shareholders received dividends of £73,213 (2015 £73,213). |