1 September 2020 false No description of principal activity Taxfiler 2022.8.3 08188735business:PrivateLimitedCompanyLtd2020-09-012021-08-31 081887352020-08-31 081887352020-09-012021-08-31 08188735business:AuditExempt-NoAccountantsReport2020-09-012021-08-31 08188735business:FullAccounts2020-09-012021-08-31 081887352021-08-31 08188735business:Director12020-09-012021-08-31 08188735business:RegisteredOffice2020-09-012021-08-31 081887352020-08-31 08188735core:WithinOneYear2021-08-31 08188735core:WithinOneYear2020-08-31 08188735core:ShareCapital2021-08-31 08188735core:ShareCapital2020-08-31 08188735core:RetainedEarningsAccumulatedLosses2021-08-31 08188735core:RetainedEarningsAccumulatedLosses2020-08-31 08188735business:SmallEntities2020-09-012021-08-31 08188735countries:EnglandWales2020-09-012021-08-31 081887352019-09-012020-08-31 iso4217:GBP xbrli:pure
Company Registration No. 08188735 (England and Wales)
Digital Print Technologies Ltd Unaudited accounts for the year ended 31 August 2021
Digital Print Technologies Ltd Unaudited accounts Contents
Page
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Digital Print Technologies Ltd Company Information for the year ended 31 August 2021
Director
M Nixon
Company Number
08188735 (England and Wales)
Registered Office
Congress House Lyon Road Harrow HA1 2EN United Kingdom
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Digital Print Technologies Ltd Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investments
82,485 
82,485 
Current assets
Debtors
134,547 
134,872 
Cash at bank and in hand
75,277 
79,826 
209,824 
214,698 
Creditors: amounts falling due within one year
(43,482)
(15,224)
Net current assets
166,342 
199,474 
Net assets
248,827 
281,959 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
248,727 
281,859 
Shareholders' funds
248,827 
281,959 
For the year ending 31 August 2021 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
M Nixon Director Company Registration No. 08188735
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Digital Print Technologies Ltd Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
Digital Print Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08188735. The registered office is Congress House, Lyon Road, Harrow, HA1 2EN, 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.
3
Accounting policies
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 . The following principal accounting policies have been applied:
Presentation currency
The accounts are presented in £ sterling.
Pension
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Digital Print Technologies Ltd Notes to the Accounts for the year ended 31 August 2021
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Taxation
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Valuation of Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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Digital Print Technologies Ltd Notes to the Accounts for the year ended 31 August 2021
Employees
The average monthly number of employees, including directors, during the year was 1 (2020 - 1 ) .
4
Investments
Other investments 
£ 
Valuation at 1 September 2020
82,485 
Valuation at 31 August 2021
82,485 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
48,547 
38,872 
Accrued income and prepayments
86,000 
- 
Other debtors
- 
96,000 
134,547 
134,872 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
2,794 
2,223 
Taxes and social security
4,988 
10,301 
Other creditors
33,000 
- 
Accruals
2,700 
2,700 
43,482 
15,224 
7
Transactions with related parties
During the year the company paid dividends totalling £50,000 (2020: £95,000 ) to the director. As at the balance sheet date, the company owed £33,000 (2020: £96,000 owed by) to Conversion-UK Ltd. M Nixon is also a director and majority shareholder of Conversion-Uk Ltd. There are no terms as to interest or repayment of this loan.
8
Controlling party
The company is controlled by M Nixon by virtue of his 100% shareholding in the company.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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