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Registration number: 02420524

The Bristol Printing Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

The Bristol Printing Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Bristol Printing Company Limited

Company Information

Directors

J C Crane

K L Crane

Company secretary

Burton Sweet Company Secretarial Ltd

Registered office

The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

The Bristol Printing Company Limited

(Registration number: 02420524)
Balance Sheet
31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

5,550

Tangible assets

5

3,160

2,160

 

3,160

7,710

Current assets

 

Stocks

6

-

200

Debtors

7

16,946

11,259

Cash at bank and in hand

 

31,611

23,744

 

48,557

35,203

Creditors: Amounts falling due within one year

8

(33,403)

(28,257)

Net current assets

 

15,154

6,946

Total assets less current liabilities

 

18,314

14,656

Creditors: Amounts falling due after more than one year

8

(14,514)

(15,842)

Net assets/(liabilities)

 

3,800

(1,186)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,700

(1,286)

Shareholders' funds/(deficit)

 

3,800

(1,186)

 

The Bristol Printing Company Limited

(Registration number: 02420524)
Balance Sheet
31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 



J C Crane
Director

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

These financial statements were authorised for issue by the Board on 1 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is shown net of value added tax,

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% per annum straight line

Motor vehicles

20% per annum straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life,

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 20 years

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the their fair value at inception of the lease. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

111,000

111,000

At 31 March 2023

111,000

111,000

Amortisation

At 1 April 2022

105,450

105,450

Amortisation charge

5,550

5,550

At 31 March 2023

111,000

111,000

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

5,550

5,550

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

5,231

49,035

54,266

Additions

3,322

-

3,322

At 31 March 2023

8,553

49,035

57,588

Depreciation

At 1 April 2022

3,071

49,035

52,106

Charge for the year

2,322

-

2,322

At 31 March 2023

5,393

49,035

54,428

Carrying amount

At 31 March 2023

3,160

-

3,160

At 31 March 2022

2,160

-

2,160

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2023

6

Stocks

2023
£

2022
£

Other inventories

-

200

7

Debtors

2023
£

2022
£

Trade debtors

16,546

11,259

Other debtors

400

-

16,946

11,259

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

2,333

3,500

Trade creditors

 

21,553

12,215

Taxation and social security

 

6,159

5,088

Accruals and deferred income

 

2,560

2,337

Other creditors

 

798

5,117

 

33,403

28,257

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

14,514

15,842

2023
£

2022
£

Current loans and borrowings

Bank borrowings

2,333

3,500