Registered number
13117811
PRINT SHARE LIMITED
Report and Accounts
31 January 2023
Husain Bulman & Co.
Chartered Accountants
258 Merton Road
London, SW18 5JL
PRINT SHARE LIMITED
Registered number: 13117811
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 96 128
Investments 4 11,400 11,400
11,496 11,528
Current assets
Debtors 5 2,404 1,102
Cash at bank and in hand 155 1,105
2,559 2,207
Creditors: amounts falling due within one year 6 (4,004) (2,804)
Net current liabilities (1,445) (597)
Net assets 10,051 10,931
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,050 10,930
Shareholder's funds 10,051 10,931
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. Kasun Anuradha S Arachchige
Director
Approved by the board on 25 October 2023
PRINT SHARE 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 February 2022 160
At 31 January 2023 160
Depreciation
At 1 February 2022 32
Charge for the year 32
At 31 January 2023 64
Net book value
At 31 January 2023 96
At 31 January 2022 128
4 Investments
Other
investments
£
Cost
At 1 February 2022 11,400
At 31 January 2023 11,400
5 Debtors 2023 2022
£ £
Other debtors 2,404 1,102
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,564 2,564
Other creditors 1,440 240
4,004 2,804
7 Other information
PRINT SHARE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
134 Whitley Close
Staines upon Thames
TW19 7EY
PRINT SHARE LIMITED 13117811 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts October 2023 Mr. Kasun Anuradha S Arachchige No description of principal activity 13117811 2021-02-01 2022-01-31 13117811 core:WithinOneYear 2022-01-31 13117811 core:ShareCapital 2022-01-31 13117811 core:RetainedEarningsAccumulatedLosses 2022-01-31 13117811 2022-02-01 2023-01-31 13117811 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13117811 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13117811 bus:Director40 2022-02-01 2023-01-31 13117811 1 2022-02-01 2023-01-31 13117811 2 2022-02-01 2023-01-31 13117811 core:LandBuildings 2022-02-01 2023-01-31 13117811 countries:England 2022-02-01 2023-01-31 13117811 bus:FRS102 2022-02-01 2023-01-31 13117811 bus:FullAccounts 2022-02-01 2023-01-31 13117811 2023-01-31 13117811 core:WithinOneYear 2023-01-31 13117811 core:ShareCapital 2023-01-31 13117811 core:RetainedEarningsAccumulatedLosses 2023-01-31 13117811 core:LandBuildings 2023-01-31 13117811 2022-01-31 13117811 core:LandBuildings 2022-01-31 iso4217:GBP xbrli:pure