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REGISTERED NUMBER: 06987743 (England and Wales)












E & M PRINT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E & M PRINT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: G Davies
Mrs G N Davies





REGISTERED OFFICE: 14 Redwood Gardens
Totton
Southampton
Hampshire
SO40 8SY





REGISTERED NUMBER: 06987743 (England and Wales)

E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 43,903 32,267

CURRENT ASSETS
Debtors 5 67,214 75,628
Cash at bank 66,850 19,954
134,064 95,582
CREDITORS
Amounts falling due within one year 6 (97,812 ) (111,997 )
NET CURRENT ASSETS/(LIABILITIES) 36,252 (16,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,155

15,852

CREDITORS
Amounts falling due after more than one year 7 (63,463 ) (41,667 )

PROVISIONS FOR LIABILITIES (10,976 ) (6,418 )
NET ASSETS/(LIABILITIES) 5,716 (32,233 )

CAPITAL AND RESERVES
Called up share capital 287 287
Retained earnings 5,429 (32,520 )
SHAREHOLDERS' FUNDS 5,716 (32,233 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





G Davies - Director


E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

E & M Print Services 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards 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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

The principal accounting policies adopted are set out below.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 3 years

Government grants
The following government grants have been received in the current and/or previous year:

Business Interruption Payment (BIP) under the Bounce Back Loan scheme: The BIP is payable in respect of the loan interest for the first 12 months, together with any related fees. The accrual model has been used to recognise the income on a systematic basis over the periods in which the related finance costs are incurred. The company has also benefited from the UK government's provision of security for the loan.

Coronavirus Job Retention Scheme: the accrual model has been used to recognise the grant on a systematic basis over the periods in which the related staff costs are incurred.


E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 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.

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.

E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 - 1,242 617
Additions 2,722 - -
Disposals - - -
At 31 January 2023 2,722 1,242 617
DEPRECIATION
At 1 February 2022 - 587 378
Charge for year 272 164 59
Eliminated on disposal - - -
At 31 January 2023 272 751 437
NET BOOK VALUE
At 31 January 2023 2,450 491 180
At 31 January 2022 - 655 239

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 74,562 2,762 79,183
Additions 34,465 - 37,187
Disposals (40,583 ) - (40,583 )
At 31 January 2023 68,444 2,762 75,787
DEPRECIATION
At 1 February 2022 43,411 2,540 46,916
Charge for year 9,525 134 10,154
Eliminated on disposal (25,186 ) - (25,186 )
At 31 January 2023 27,750 2,674 31,884
NET BOOK VALUE
At 31 January 2023 40,694 88 43,903
At 31 January 2022 31,151 222 32,267

E & M PRINT SERVICES LIMITED (REGISTERED NUMBER: 06987743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,769 68,775
Other debtors 4,445 6,853
67,214 75,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 8,333
Hire purchase contracts - 4,167
Trade creditors 8,530 20,935
Taxation and social security 26,624 19,342
Other creditors 52,658 59,220
97,812 111,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,500 41,667
Other creditors 30,963 -
63,463 41,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 4,167

The hire purchase liability was secured against the asset to which it related to.