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REGISTERED NUMBER: 08539362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

SRP Design and Print Limited

SRP Design and Print Limited (Registered number: 08539362)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

SRP Design and Print Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G S Noller
Mrs P Noller





REGISTERED OFFICE: Leigh Road
Chichester
West Sussex
PO19 8TU





REGISTERED NUMBER: 08539362 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

SRP Design and Print Limited (Registered number: 08539362)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 145,638 177,674
148,638 183,674

CURRENT ASSETS
Stocks 4,139 811
Debtors 6 97,308 97,429
Cash at bank 9,435 12,049
110,882 110,289
CREDITORS
Amounts falling due within one year 7 236,987 238,361
NET CURRENT LIABILITIES (126,105 ) (128,072 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,533

55,602

CREDITORS
Amounts falling due after more than one
year

8

(54,923

)

(93,191

)

PROVISIONS FOR LIABILITIES (18,534 ) (14,769 )
NET LIABILITIES (50,924 ) (52,358 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings (50,925 ) (52,359 )
SHAREHOLDERS' FUNDS (50,924 ) (52,358 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SRP Design and Print Limited (Registered number: 08539362)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2023 and were signed on its behalf by:




G S Noller - Director



Mrs P Noller - Director


SRP Design and Print Limited (Registered number: 08539362)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

SRP Design and Print Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SRP Design and Print Limited (Registered number: 08539362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through funding from the Directors.

The Directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to continue to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 15,000
AMORTISATION
At 1 May 2022 9,000
Charge for year 3,000
At 30 April 2023 12,000
NET BOOK VALUE
At 30 April 2023 3,000
At 30 April 2022 6,000

SRP Design and Print Limited (Registered number: 08539362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 254,477 564 26,000 3,216 284,257
Disposals - - (10,500 ) - (10,500 )
At 30 April 2023 254,477 564 15,500 3,216 273,757
DEPRECIATION
At 1 May 2022 93,343 249 10,133 2,858 106,583
Charge for year 21,994 79 1,998 90 24,161
Eliminated on disposal - - (2,625 ) - (2,625 )
At 30 April 2023 115,337 328 9,506 2,948 128,119
NET BOOK VALUE
At 30 April 2023 139,140 236 5,994 268 145,638
At 30 April 2022 161,134 315 15,867 358 177,674

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 49,797 26,000 75,797
Disposals - (10,500 ) (10,500 )
At 30 April 2023 49,797 15,500 65,297
DEPRECIATION
At 1 May 2022 1,867 10,133 12,000
Charge for year 4,479 1,998 6,477
Eliminated on disposal - (2,625 ) (2,625 )
At 30 April 2023 6,346 9,506 15,852
NET BOOK VALUE
At 30 April 2023 43,451 5,994 49,445
At 30 April 2022 47,930 15,867 63,797

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 82,725 87,571
Amounts owed by group undertakings 591 446
Other debtors 13,992 9,412
97,308 97,429

SRP Design and Print Limited (Registered number: 08539362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 18,408 20,825
Hire purchase contracts (see note 9) 12,425 12,154
Trade creditors 159,605 157,613
Amounts owed to group undertakings 34,969 26,772
Taxation and social security 3,279 5,662
Other creditors 8,301 15,335
236,987 238,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 21,106 40,629
Hire purchase contracts (see note 9) 33,817 52,562
54,923 93,191

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Gross obligations repayable:
Within one year 17,800 20,221
Between one and five years 39,217 64,289
57,017 84,510

Finance charges repayable:
Within one year 5,375 8,067
Between one and five years 5,400 11,727
10,775 19,794

Net obligations repayable:
Within one year 12,425 12,154
Between one and five years 33,817 52,562
46,242 64,716

SRP Design and Print Limited (Registered number: 08539362)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 20,642 20,000
Between one and five years 97,897 100,000
In more than five years - 16,667
118,539 136,667

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Lloyds Commercial Finance 61,315 56,832

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary £1 1 1

SRP Design and Print Limited

Report of the Accountants to the Directors of
SRP Design and Print Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................