2022-04-012023-03-312023-03-31false03155783DIGAPRINT LIMITED2023-11-1018129iso4217:GBPxbrli:pure031557832022-04-01031557832023-03-31031557832022-04-012023-03-31031557832021-04-01031557832022-03-31031557832021-04-012022-03-3103155783bus:SmallEntities2022-04-012023-03-3103155783bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3103155783bus:FullAccounts2022-04-012023-03-3103155783bus:PrivateLimitedCompanyLtd2022-04-012023-03-3103155783core:WithinOneYear2023-03-3103155783core:AfterOneYear2023-03-3103155783core:WithinOneYear2022-03-3103155783core:AfterOneYear2022-03-3103155783core:ShareCapital2023-03-3103155783core:SharePremium2023-03-3103155783core:RevaluationReserve2023-03-3103155783core:OtherReservesSubtotal2023-03-3103155783core:RetainedEarningsAccumulatedLosses2023-03-3103155783core:ShareCapital2022-03-3103155783core:SharePremium2022-03-3103155783core:RevaluationReserve2022-03-3103155783core:OtherReservesSubtotal2022-03-3103155783core:RetainedEarningsAccumulatedLosses2022-03-3103155783core:LandBuildings2023-03-3103155783core:PlantMachinery2023-03-3103155783core:Vehicles2023-03-3103155783core:FurnitureFittings2023-03-3103155783core:OfficeEquipment2023-03-3103155783core:NetGoodwill2023-03-3103155783core:IntangibleAssetsOtherThanGoodwill2023-03-3103155783core:ListedExchangeTraded2023-03-3103155783core:UnlistedNon-exchangeTraded2023-03-3103155783core:LandBuildings2022-03-3103155783core:PlantMachinery2022-03-3103155783core:Vehicles2022-03-3103155783core:FurnitureFittings2022-03-3103155783core:OfficeEquipment2022-03-3103155783core:NetGoodwill2022-03-3103155783core:IntangibleAssetsOtherThanGoodwill2022-03-3103155783core:ListedExchangeTraded2022-03-3103155783core:UnlistedNon-exchangeTraded2022-03-3103155783core:LandBuildings2022-04-012023-03-3103155783core:PlantMachinery2022-04-012023-03-3103155783core:Vehicles2022-04-012023-03-3103155783core:FurnitureFittings2022-04-012023-03-3103155783core:OfficeEquipment2022-04-012023-03-3103155783core:NetGoodwill2022-04-012023-03-3103155783core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103155783core:ListedExchangeTraded2022-04-012023-03-3103155783core:UnlistedNon-exchangeTraded2022-04-012023-03-3103155783core:MoreThanFiveYears2022-04-012023-03-3103155783core:Non-currentFinancialInstruments2023-03-3103155783core:Non-currentFinancialInstruments2022-03-3103155783dpl:CostSales2022-04-012023-03-3103155783dpl:DistributionCosts2022-04-012023-03-3103155783core:LandBuildings2022-04-012023-03-3103155783core:PlantMachinery2022-04-012023-03-3103155783core:Vehicles2022-04-012023-03-3103155783core:FurnitureFittings2022-04-012023-03-3103155783core:OfficeEquipment2022-04-012023-03-3103155783dpl:AdministrativeExpenses2022-04-012023-03-3103155783core:NetGoodwill2022-04-012023-03-3103155783core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103155783dpl:GroupUndertakings2022-04-012023-03-3103155783dpl:ParticipatingInterests2022-04-012023-03-3103155783dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103155783core:ListedExchangeTraded2022-04-012023-03-3103155783dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103155783core:UnlistedNon-exchangeTraded2022-04-012023-03-3103155783dpl:CostSales2021-04-012022-03-3103155783dpl:DistributionCosts2021-04-012022-03-3103155783core:LandBuildings2021-04-012022-03-3103155783core:PlantMachinery2021-04-012022-03-3103155783core:Vehicles2021-04-012022-03-3103155783core:FurnitureFittings2021-04-012022-03-3103155783core:OfficeEquipment2021-04-012022-03-3103155783dpl:AdministrativeExpenses2021-04-012022-03-3103155783core:NetGoodwill2021-04-012022-03-3103155783core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3103155783dpl:GroupUndertakings2021-04-012022-03-3103155783dpl:ParticipatingInterests2021-04-012022-03-3103155783dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3103155783core:ListedExchangeTraded2021-04-012022-03-3103155783dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3103155783core:UnlistedNon-exchangeTraded2021-04-012022-03-3103155783core:NetGoodwill2023-03-3103155783core:IntangibleAssetsOtherThanGoodwill2023-03-3103155783core:LandBuildings2023-03-3103155783core:PlantMachinery2023-03-3103155783core:Vehicles2023-03-3103155783core:FurnitureFittings2023-03-3103155783core:OfficeEquipment2023-03-3103155783core:AfterOneYear2023-03-3103155783core:WithinOneYear2023-03-3103155783core:ListedExchangeTraded2023-03-3103155783core:UnlistedNon-exchangeTraded2023-03-3103155783core:ShareCapital2023-03-3103155783core:SharePremium2023-03-3103155783core:RevaluationReserve2023-03-3103155783core:OtherReservesSubtotal2023-03-3103155783core:RetainedEarningsAccumulatedLosses2023-03-3103155783core:NetGoodwill2022-03-3103155783core:IntangibleAssetsOtherThanGoodwill2022-03-3103155783core:LandBuildings2022-03-3103155783core:PlantMachinery2022-03-3103155783core:Vehicles2022-03-3103155783core:FurnitureFittings2022-03-3103155783core:OfficeEquipment2022-03-3103155783core:AfterOneYear2022-03-3103155783core:WithinOneYear2022-03-3103155783core:Liste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DIGAPRINT LIMITED

Registered Number
03155783
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

DIGAPRINT LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Mr C J Blackman
Mr S J Poland
Mr C J Staples
Mr S B White

Registered Address

Unit 7 Woodingdean Business Park
Sea View Way
Brighton
BN2 6NX

Registered Number

03155783 (England and Wales)
DIGAPRINT LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6110,71397,634
110,71397,634
Current assets
Stocks9101,735113,780
Debtors10248,952277,364
Cash at bank and on hand158,554207,403
509,241598,547
Creditors amounts falling due within one year11(245,970)(297,554)
Net current assets (liabilities)263,271300,993
Total assets less current liabilities373,984398,627
Creditors amounts falling due after one year12(19,989)(62,260)
Provisions for liabilities13(20,047)(18,197)
Net assets333,948318,170
Capital and reserves
Called up share capital200200
Profit and loss account333,748317,970
Shareholders' funds333,948318,170
The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2023, and are signed on its behalf by:
Mr C J Staples
Director
Registered Company No. 03155783
DIGAPRINT LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment3
Intangible assets policy
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 held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year2119
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 223,5003,500
At 31 March 233,5003,500
Amortisation and impairment
At 01 April 223,5003,500
At 31 March 233,5003,500
Net book value
At 31 March 23--
At 31 March 22--
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 April 22137,6001,013,3746,00089,941409,9321,656,847
Additions-40,893-12,118-53,011
At 31 March 23137,6001,054,2676,000102,059409,9321,709,858
Depreciation and impairment
At 01 April 22130,911926,9335,99989,941405,4291,559,213
Charge for year3,34536,587---39,932
At 31 March 23134,256963,5205,99989,941405,4291,599,145
Net book value
At 31 March 233,34490,747112,1184,503110,713
At 31 March 226,68986,4411-4,50397,634
7.Description of capital commitments
The total amount of financial commitments not included in the balance sheet is £189,961 (2022 - £284,942). The company had these commitments under non-cancellable operating leases.
8.Dividends proposed and payable

2023

2022

££
Dividends Paid61,80061,800
Total61,80061,800
An Interim dividend of £309.00 (2022 £309.00) per ordinary share was paid in the year.
9.Stocks

2023

2022

££
Raw materials and consumables63,94269,441
Work in progress37,79344,339
Total101,735113,780
10.Debtors

2023

2022

££
Trade debtors / trade receivables202,629233,702
Prepayments and accrued income46,32343,662
Total248,952277,364
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.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables176,326198,443
Bank borrowings and overdrafts19,66119,661
Taxation and social security21,05427,522
Other creditors13,55414,541
Accrued liabilities and deferred income15,37537,387
Total245,970297,554
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.
12.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts19,98962,260
Total19,98962,260
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)20,04718,197
Total20,04718,197