The Printing Press Limited
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Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
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Company registration number 03148130
Date
Approval date of the accounts by the board 12/02/2023
Date
Date of signing on the audit/accountants report 12/02/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Mr P Strong
Or, name of secretary
Name of director signing balance sheet Mr P Strong
Address of registered office:
Address line 1
Address line 2
City or town
County or region
Postcode
Name of senior statutory auditor
Name of auditors/accountants Peter R Little FCA - Chartered Accountants
Type of firm (eg Chartered Accountants) Chartered Accountants
Address of auditors/accountants
Address line 1 16 Kenwyn Close
Address line 2 West End
City or town Southampton
County or region
Postcode SO18 3PJ
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost 692,040 692,040
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
03148130
The Printing Press Limited
Filleted Accounts
31 January 2023
The Printing Press Limited
Registered number: 03148130
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,263 14,263
Investments 4 692,787 692,787
707,050 707,050
Current assets
Debtors 5 156,799 44,223
Cash at bank and in hand 226,569 228,199
383,368 272,422
Creditors: amounts falling due within one year 6 (53,339) (78,702)
Net current assets 330,029 193,720
Net assets 1,037,079 900,770
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,036,979 900,670
Shareholder's funds 1,037,079 900,770
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.
Mr P Strong
Director
Approved by the board on 12 February 2023
The Printing Press Limited
Notes to the Accounts
for the year ended 31 January 2023
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 50,694 36,244 86,938
At 31 January 2023 50,694 36,244 86,938
Depreciation
At 1 February 2022 55,020 17,655 72,675
At 31 January 2023 55,020 17,655 72,675
Net book value
At 31 January 2023 (4,326) 18,589 14,263
At 31 January 2022 (4,326) 18,589 14,263
Freehold land and buildings: 2023 2022
£ £
Historical cost 692,040 692,040
Cumulative depreciation based on historical cost - -
692,040 692,040
4 Investments
Other
investments
£
Cost
At 1 February 2022 692,787
At 31 January 2023 692,787
5 Debtors 2023 2022
£ £
Trade debtors 156,799 44,223
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 46,880 60,604
Corporation tax - 8,862
Other taxes and social security costs 6,459 8,604
Other creditors - 632
53,339 78,702
7 Other information
The Printing Press Limited is a private company limited by shares and incorporated in England. Its registered office is:
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