Crown Labels Mfg. Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04034199 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Crown Labels Mfg. Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hardy

Mrs D L Hardy

T M Hardy

SECRETARY:

Mrs D L Hardy

REGISTERED OFFICE:

Unit 5 Ignite

Magna Way

Rotherham

South Yorkshire

S60 1FD

REGISTERED NUMBER:

04034199 (England and Wales)

ACCOUNTANTS:

Rains and Co Ltd

P O Box 5047

Sheffield

South Yorkshire

S6 9GJ

FIXED ASSETS

Tangible assets

4

295,256

393,144

CURRENT ASSETS

Stocks

68,580

36,459

Debtors

5

285,749

213,732

Cash at bank and in hand

744,423

540,698

1,098,752

790,889

CREDITORS

Amounts falling due within one year

6

243,341

184,950

NET CURRENT ASSETS

855,411

605,939

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,667

999,083

CREDITORS

Amounts falling due after more than one year

7

-

(11,111

)

PROVISIONS FOR LIABILITIES

(19,844

)

(19,844

)

NET ASSETS

1,130,823

968,128

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,129,823

967,128

SHAREHOLDERS' FUNDS

1,130,823

968,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:

M Hardy - Director

1.	STATUTORY INFORMATION

Crown Labels Mfg. Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 July 2021

93,528

40,507

1,044,012

Additions

-

-

-

At 30 June 2022

93,528

40,507

1,044,012

DEPRECIATION

At 1 July 2021

93,528

40,507

674,390

Charge for year

-

-

93,992

At 30 June 2022

93,528

40,507

768,382

NET BOOK VALUE

At 30 June 2022

-

-

275,630

At 30 June 2021

-

-

369,622

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 July 2021

80,018

55,683

1,313,748

Additions

950

-

950

At 30 June 2022

80,968

55,683

1,314,698

DEPRECIATION

At 1 July 2021

68,958

43,221

920,604

Charge for year

1,730

3,116

98,838

At 30 June 2022

70,688

46,337

1,019,442

NET BOOK VALUE

At 30 June 2022

10,280

9,346

295,256

At 30 June 2021

11,060

12,462

393,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

274,542

203,228

Prepayments

11,207

10,504

285,749

213,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Hire purchase contracts

11,111

33,333

Trade creditors

162,980

107,151

Tax

36,041

-

VAT

31,759

43,071

Accrued expenses

1,450

1,395

243,341

184,950

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Hire purchase contracts

-

11,111

8.	TRANSACTIONS WITH DIRECTORS

The company rent the premises at Unit 5, Ignite, Magna Way, Rotherham, from the Directors and Shareholders, Mr and Mrs Hardy. Under the terms of the five year lease dated 1st September 2009 the rent payable is £45,000 per annum.