Company Registration No. 11165447 (England and Wales)
KWIKPRINT MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
KWIKPRINT MEDIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KWIKPRINT MEDIA LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
270
1,440
Cash at bank and in hand
4,775
1
5,045
1,441
Creditors: amounts falling due within one year
4
(3,978)
(295)
Net current assets
1,067
1,146
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,066
1,145
Total equity
1,067
1,146
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 19 July 2023
R N Castillo
Director
Company Registration No. 11165447
KWIKPRINT MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
1.2
Going concern
The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of its creditors and director, who is also the controlling shareholder. The director has confirmed that this support will not be withdrawn for the forseeable future, to allow the company to meet its liabilities as they fall due. The director therefore considers it appropriate that the financial statements are prepared on a going concern basis.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Company information
Kwikprint Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Oldham Road, Uppermill, Oldham, OL3 6HY.
KWIKPRINT MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5
Other debtors
265
1,440
270
1,440
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2
Trade creditors
3,978
Other creditors
293
3,978
295
5
Financial commitments, guarantees and contingent liabilities
The director is not aware of any contingent liabilities.
6
Events after the reporting date
There have been no significant post balance sheet events.