Company Registration No. 07566452 (England and Wales)
NORTHERN PRINT SOLUTIONS LIMITED
Unaudited accounts
for the year ended 30 April 2023
NORTHERN PRINT SOLUTIONS LIMITED
Unaudited accounts
Contents
NORTHERN PRINT SOLUTIONS LIMITED
Company Information
for the year ended 30 April 2023
Company Number
07566452 (England and Wales)
Registered Office
CHURCH HALL PROSPECT TERRACE
KIBBLESWORTH
GATESHEAD
NE11 0YD
ENGLAND
NORTHERN PRINT SOLUTIONS LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
729,803
786,052
Inventories
213,000
170,000
Cash at bank and in hand
1,689
8,915
Creditors: amounts falling due within one year
(338,742)
(346,175)
Net current assets/(liabilities)
31,984
(44,053)
Total assets less current liabilities
767,221
741,999
Creditors: amounts falling due after more than one year
(350,067)
(376,733)
Net assets
417,154
365,266
Called up share capital
2
2
Profit and loss account
417,152
365,264
Shareholders' funds
417,154
365,266
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 25 May 2023 and were signed on its behalf by
Craig Daly
Director
Company Registration No. 07566452
NORTHERN PRINT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
NORTHERN PRINT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07566452. The registered office is CHURCH HALL PROSPECT TERRACE, KIBBLESWORTH, GATESHEAD, NE11 0YD, ENGLAND.
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
Straight Line 6.6%
Motor vehicles
Straight Line 10%
Fixtures & fittings
Straight Line 20%
Computer equipment
Straight Line 33.3%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
NORTHERN PRINT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2022
250,000
717,422
26,605
18,010
3,000
1,015,037
At 30 April 2023
250,000
717,422
26,605
18,010
3,000
1,015,037
At 1 May 2022
-
188,589
22,210
17,556
630
228,985
Charge for the year
-
52,147
2,661
451
990
56,249
At 30 April 2023
-
240,736
24,871
18,007
1,620
285,234
At 30 April 2023
250,000
476,686
1,734
3
1,380
729,803
At 30 April 2022
250,000
528,833
4,395
454
2,370
786,052
Raw materials
127,000
120,000
Work in progress
86,000
50,000
Amounts falling due within one year
Trade debtors
141,947
92,995
Accrued income and prepayments
14,090
21,856
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
61,715
73,105
Obligations under finance leases and hire purchase contracts
36,680
62,724
Trade creditors
171,166
136,635
Taxes and social security
2,709
8,962
Other creditors
24,733
16,039
NORTHERN PRINT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
143,883
171,875
Obligations under finance leases and hire purchase contracts
1,152
37,833
Other creditors
114,847
114,847
Loans from directors
90,185
52,178
10
Average number of employees
During the year the average number of employees was 15 (2022: 14).