Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-052023-04-05truetrue222022-04-06falseProperty rentalThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01211078 2022-04-06 2023-04-05 01211078 2021-04-06 2022-04-05 01211078 2023-04-05 01211078 2022-04-05 01211078 c:Director1 2022-04-06 2023-04-05 01211078 d:Buildings 2023-04-05 01211078 d:Buildings 2022-04-05 01211078 d:LandBuildings 2023-04-05 01211078 d:LandBuildings 2022-04-05 01211078 d:CurrentFinancialInstruments 2023-04-05 01211078 d:CurrentFinancialInstruments 2022-04-05 01211078 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 01211078 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-05 01211078 d:ShareCapital 2023-04-05 01211078 d:ShareCapital 2022-04-05 01211078 d:RetainedEarningsAccumulatedLosses 2023-04-05 01211078 d:RetainedEarningsAccumulatedLosses 2022-04-05 01211078 c:OrdinaryShareClass1 2022-04-06 2023-04-05 01211078 c:OrdinaryShareClass1 2023-04-05 01211078 c:OrdinaryShareClass1 2022-04-05 01211078 c:FRS102 2022-04-06 2023-04-05 01211078 c:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 01211078 c:FullAccounts 2022-04-06 2023-04-05 01211078 c:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01211078









MARKET DRAYTON PRINTING COMPANY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 5 APRIL 2023

 
MARKET DRAYTON PRINTING COMPANY LTD
REGISTERED NUMBER: 01211078

BALANCE SHEET
AS AT 5 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
90,000
90,000

  
90,000
90,000

  

Creditors: amounts falling due within one year
 5 
(4,030)
(10,481)

Net current liabilities
  
 
 
(4,030)
 
 
(10,481)

Total assets less current liabilities
  
85,970
79,519

  

Net assets
  
85,970
79,519


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
85,870
79,419

  
85,970
79,519


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Mr R A Parsons
Director
Date: 2 November 2023

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
MARKET DRAYTON PRINTING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1.


General information

Market Drayton Printing Company Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at 59 Noble Street, Wem, Shropshire SY4 5DT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

Page 2

 
MARKET DRAYTON PRINTING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
MARKET DRAYTON PRINTING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 6 April 2022
90,000



At 5 April 2023

90,000






Net book value



At 5 April 2023
90,000



At 5 April 2022
90,000




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
90,000
90,000

90,000
90,000


Included in the above land and buildings is investment property, valued at open market value, on the basis of existing use at £90,000 (2022: £90,000) by R A Parsons, a director of the company. The investment property has not been depreciated.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
3,991
8,998

Corporation tax
39
1,483

4,030
10,481


Page 4

 
MARKET DRAYTON PRINTING COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.00 each
100
100



7.


Controlling party

The ultimate parent company is North Shropshire Printing Company Limited, a company incorporated in England & Wales, by virtue of a 76% shareholding. 

 
Page 5