IRIS Accounts Production v23.3.0.418 05014944 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050149442022-03-31050149442023-03-31050149442022-04-012023-03-31050149442021-03-31050149442021-04-012022-03-31050149442022-03-3105014944ns10:Originalns15:EnglandWales2022-04-012023-03-3105014944ns14:PoundSterlingns10:Original2022-04-012023-03-3105014944ns10:Originalns10:Director12022-04-012023-03-3105014944ns10:Original2022-04-012023-03-3105014944ns10:Original2023-03-3105014944ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105014944ns10:Originalns10:SmallEntities2022-04-012023-03-3105014944ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105014944ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105014944ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105014944ns10:Originalns10:FullAccounts2022-04-012023-03-3105014944ns10:Original2022-03-3105014944ns10:Originalns5:CurrentFinancialInstruments2023-03-3105014944ns10:Originalns5:CurrentFinancialInstruments2022-03-3105014944ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105014944ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105014944ns5:ShareCapitalns10:Original2023-03-3105014944ns5:ShareCapitalns10:Original2022-03-3105014944ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105014944ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105014944ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105014944ns10:Originalns5:PlantMachinery2022-04-012023-03-3105014944ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105014944ns10:Originalns5:ComputerEquipment2022-04-012023-03-3105014944ns10:Original2021-04-012022-03-3105014944ns10:Originalns5:PlantMachinery2022-03-3105014944ns10:Originalns5:FurnitureFittings2022-03-3105014944ns10:Originalns5:ComputerEquipment2022-03-3105014944ns10:Original2022-03-3105014944ns10:Originalns5:PlantMachinery2023-03-3105014944ns10:Originalns5:FurnitureFittings2023-03-3105014944ns10:Originalns5:ComputerEquipment2023-03-3105014944ns10:Originalns5:PlantMachinery2022-03-3105014944ns10:Originalns5:FurnitureFittings2022-03-3105014944ns10:Originalns5:ComputerEquipment2022-03-3105014944ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105014944ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 05014944 (England and Wales)
























RESOLUTION PRINT AND DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,301 8,397

CURRENT ASSETS
Stocks and work in progress 8,744 7,500
Debtors 5 22,615 14,469
Cash at bank 31,020 46,666
62,379 68,635
CREDITORS
Amounts falling due within one year 6 48,143 43,623
NET CURRENT ASSETS 14,236 25,012
TOTAL ASSETS LESS CURRENT LIABILITIES 23,537 33,409

CREDITORS
Amounts falling due after more than
one year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (1,767 ) (1,056 )
NET ASSETS 103 686

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 4 587
103 686

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





J Pilgrim - Director


RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

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


1. STATUTORY INFORMATION

Resolution Print and Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05014944

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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 each asset over its estimated useful life.
Plant and machinery - Reducing balance over 5 years
Fixtures and fittings - Reducing balance over 5 years
Computer equipment - Reducing balance over 5 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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.

Grants received
Grants received are accounted for using the accrual model and are recognised in the profit and loss in the periods in which the related costs or expenses are recognised.

3. EMPLOYEES AND DIRECTORS

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

RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 80,217 18,759 27,085 126,061
Additions - 2,757 - 2,757
At 31 March 2023 80,217 21,516 27,085 128,818
DEPRECIATION
At 1 April 2022 73,039 17,541 27,084 117,664
Charge for year 1,500 353 - 1,853
At 31 March 2023 74,539 17,894 27,084 119,517
NET BOOK VALUE
At 31 March 2023 5,678 3,622 1 9,301
At 31 March 2022 7,178 1,218 1 8,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,740 8,430
Other debtors 1,875 6,039
22,615 14,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 26,832 19,606
Social security and other taxes 8,184 8,794
Other creditors 3,127 5,223
48,143 43,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

8. RELATED PARTY DISCLOSURES

During the year J. Pilgrim (director) loaned the company money with no set repayment date or interest payable. At the year end J. Pilgrim was owed £25 (2022: £955) by the company.

Also, J. Pilgrim received dividends of £10,943 (2022: £13,129) during the year in accordance with his shareholding.

RESOLUTION PRINT AND DESIGN LTD (REGISTERED NUMBER: 05014944)

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


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J. Pilgrim by virtue of a 50.5% controlling interest of the issued ordinary share capital.