Company Registration No. 11378836 (England and Wales)
BACK 2 BACK PRINT STUDIO LTD
Unaudited accounts
for the year ended 31 May 2023
BACK 2 BACK PRINT STUDIO LTD
Unaudited accounts
Contents
BACK 2 BACK PRINT STUDIO LTD
Company Information
for the year ended 31 May 2023
Directors
Katie Back
Ryan Back
Company Number
11378836 (England and Wales)
Registered Office
2 THOROLD CLOSE
ASHEN VALE
SOUTH CROYDON
CR2 8SA
UNITED KINGDOM
BACK 2 BACK PRINT STUDIO LTD
Statement of financial position
as at 31 May 2023
Tangible assets
1,588
2,117
Cash at bank and in hand
676
2,076
Creditors: amounts falling due within one year
(11,141)
(11,584)
Net current liabilities
(6,703)
(7,102)
Total assets less current liabilities
(4,966)
(4,361)
Creditors: amounts falling due after more than one year
-
(2,716)
Net liabilities
(4,966)
(7,077)
Called up share capital
2
2
Profit and loss account
(4,968)
(7,079)
Shareholders' funds
(4,966)
(7,077)
For the year ending 31 May 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Katie Back
Director
Company Registration No. 11378836
BACK 2 BACK PRINT STUDIO LTD
Notes to the Accounts
for the year ended 31 May 2023
BACK 2 BACK PRINT STUDIO LTD is a private company, limited by shares, registered in England and Wales, registration number 11378836. The registered office is 2 THOROLD CLOSE, ASHEN VALE, SOUTH CROYDON, CR2 8SA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and amortised over 5 years.
4
Intangible fixed assets
Other
BACK 2 BACK PRINT STUDIO LTD
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
1,824
718
1,499
4,041
At 31 May 2023
1,824
718
1,499
4,041
At 1 June 2022
1,047
221
656
1,924
Charge for the year
194
124
211
529
At 31 May 2023
1,241
345
867
2,453
At 31 May 2023
583
373
632
1,588
At 31 May 2022
777
497
843
2,117
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,139
-
Taxes and social security
289
-
Other creditors
(166)
(166)
Loans from directors
7,468
11,128
8
Creditors: amounts falling due after more than one year
2023
2022
In the year end the company owes £7468 (2022 £11,127.79) to the director in respect of Director loans to the company.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).