Registered number
03207935
Explosive Graphics Limited
Unaudited Filleted Accounts
21 October 2022

Explosive Graphics Limited
Registered number: | 03207935
Balance Sheet
as at 21 October 2022
Notes |  |  | 2022 |  |  | 2021
£ | £
Fixed assets
Tangible assets | 3 |  |  | 4,972 |  |  | 6,215
Current assets
Stocks |  |  | 13,822 |  |  | 946
Debtors | 4 |  | 19,177 |  |  | 200
Cash at bank and in hand |  |  | 12,101 |  |  | 121,279
|  |  | 45,100 |  |  | 122,425
Creditors: amounts falling due within one year | 5 |  | (12,119) |  |  | (30,126)
Net current assets |  |  |  | 32,981 |  |  | 92,299
Total assets less current liabilities |  |  |  | 37,953 |  |  | 98,514
Creditors: amounts falling due after more than one year | 6 |  |  | (37,157) |  |  | (39,999)
Net assets |  |  |  | 796 |  |  | 58,515
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 794 |  |  | 58,513
Shareholder's funds |  |  |  | 796 |  |  | 58,515
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Bendik
Director
Approved by the board on 6 September 2023

Explosive Graphics Limited
Notes to the Accounts
for the period from 23 October 2021 to 21 October 2022
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 20% reducing balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 | Employees | 2022 |  | 2021
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 23 October 2021 | 77,024
| At 21 October 2022 | 77,024
| Depreciation
| At 23 October 2021 | 70,809
| Charge for the period | 1,243
| At 21 October 2022 | 72,052
| Net book value
| At 21 October 2022 | 4,972
| At 22 October 2021 | 6,215
4 | Debtors | 2022 |  | 2021
£ | £
| Trade debtors | 4,105 |  | -
| Other debtors | 15,072 |  | 200
|  |  |  |  |  | 19,177 |  | 200
| Other debtors include an amount owing from the director J Bendik. The maximum amount outstanding was at 21 October 2022 of £14839. The loan is unsecured and interest free.
5 | Creditors: amounts falling due within one year | 2022 |  | 2021
£ | £
| Trade creditors | 1,823 |  | 1,008
| Taxation and social security costs | 7,656 |  | 13,496
| Other creditors | 2,640 |  | 15,622
|  |  |  |  |  | 12,119 |  | 30,126
6 | Creditors: amounts falling due after one year | 2022 |  | 2021
£ | £
| Bank loans | 37,157 |  | 39,999
7 | Loans to directors
| Description and conditions | B/fwd | Paid | Repaid | C/fwd
£ | £ | £ | £
| J Bendik | (13,605) |  | 53,433 |  | (24,989) |  | 14,839
|  | (13,605) |  | 53,433 |  | (24,989) |  | 14,839
8 | Controlling party
| The controlling party is Mr J Bendik by virtue of his ownership of 100% of the issued share capital of the company.
9 | Other information
| Explosive Graphics Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 8 Schoolhouse
| The Village
| Trafford Park
| Manchester
| M17 1DZ

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