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false
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false
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true
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No description of principal activity
2021-12-01
Sage Accounts Production Advanced 2023 - FRS102_2023
25,000
25,000
xbrli:pure
xbrli:shares
iso4217:GBP
08294378
2021-12-01
2022-11-30
08294378
2022-11-30
08294378
2021-11-30
08294378
2020-12-01
2021-11-30
08294378
2021-11-30
08294378
2020-11-30
08294378
core:NetGoodwill
2021-12-01
2022-11-30
08294378
core:PlantMachinery
2021-12-01
2022-11-30
08294378
core:FurnitureFittings
2021-12-01
2022-11-30
08294378
core:MotorVehicles
2021-12-01
2022-11-30
08294378
bus:Director2
2021-12-01
2022-11-30
08294378
core:NetGoodwill
2022-11-30
08294378
core:PlantMachinery
2021-11-30
08294378
core:FurnitureFittings
2021-11-30
08294378
core:MotorVehicles
2021-11-30
08294378
core:PlantMachinery
2022-11-30
08294378
core:FurnitureFittings
2022-11-30
08294378
core:MotorVehicles
2022-11-30
08294378
core:WithinOneYear
2022-11-30
08294378
core:WithinOneYear
2021-11-30
08294378
core:AfterOneYear
2021-11-30
08294378
core:ShareCapital
2022-11-30
08294378
core:ShareCapital
2021-11-30
08294378
core:RetainedEarningsAccumulatedLosses
2022-11-30
08294378
core:RetainedEarningsAccumulatedLosses
2021-11-30
08294378
core:PlantMachinery
2021-11-30
08294378
core:MotorVehicles
2021-11-30
08294378
bus:SmallEntities
2021-12-01
2022-11-30
08294378
bus:AuditExemptWithAccountantsReport
2021-12-01
2022-11-30
08294378
bus:SmallCompaniesRegimeForAccounts
2021-12-01
2022-11-30
08294378
bus:PrivateLimitedCompanyLtd
2021-12-01
2022-11-30
08294378
bus:FullAccounts
2021-12-01
2022-11-30
08294378
core:OfficeEquipment
2021-12-01
2022-11-30
08294378
core:OfficeEquipment
2022-11-30
08294378
core:OfficeEquipment
2021-11-30
08294378
core:AfterOneYear
2021-12-01
2022-11-30
COMPANY REGISTRATION NUMBER:
08294378
Parkers Digital Print Limited |
|
Filleted Unaudited Financial Statements |
|
Parkers Digital Print Limited |
|
Year ended 30 November 2022
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Parkers Digital Print Limited |
|
Statement of Financial Position |
|
30 November 2022
Fixed assets
Tangible assets |
6 |
5,819 |
7,759 |
|
|
|
|
Current assets
Stocks |
11,000 |
11,000 |
Debtors |
7 |
34,502 |
33,373 |
Cash at bank and in hand |
4,354 |
15,481 |
|
-------- |
-------- |
|
49,856 |
59,854 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
49,640 |
41,213 |
|
-------- |
-------- |
Net current assets |
216 |
18,641 |
|
------- |
-------- |
Total assets less current liabilities |
6,035 |
26,400 |
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
– |
25,000 |
|
|
|
|
Provisions
Taxation including deferred tax |
888 |
1,242 |
|
------- |
-------- |
Net assets |
5,147 |
158 |
|
------- |
-------- |
|
|
|
Capital and reserves
Called up share capital |
111 |
100 |
Profit and loss account |
5,036 |
58 |
|
------- |
---- |
Shareholders funds |
5,147 |
158 |
|
------- |
---- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2022 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Parkers Digital Print Limited |
|
Statement of Financial Position (continued) |
|
30 November 2022
These financial statements were approved by the
board of directors
and authorised for issue on
8 November 2023
, and are signed on behalf of the board by:
Company registration number:
08294378
Parkers Digital Print Limited |
|
Notes to the Financial Statements |
|
Year ended 30 November 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
Fixtures and fittings |
- |
25% straight line |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2021:
4
).
5.
Intangible assets
|
Goodwill |
|
£ |
Cost |
|
At 1 December 2021 and 30 November 2022 |
25,000 |
|
-------- |
Amortisation |
|
At 1 December 2021 and 30 November 2022 |
25,000 |
|
-------- |
Carrying amount |
|
At 30 November 2022 |
– |
|
-------- |
At 30 November 2021 |
– |
|
-------- |
|
|
6.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
|
At 1 December 2021 and 30 November 2022 |
31,913 |
2,545 |
14,745 |
16,181 |
65,384 |
|
-------- |
------- |
-------- |
-------- |
-------- |
Depreciation |
|
|
|
|
|
At 1 December 2021 |
26,883 |
2,545 |
12,016 |
16,181 |
57,625 |
Charge for the year |
1,258 |
– |
682 |
– |
1,940 |
|
-------- |
------- |
-------- |
-------- |
-------- |
At 30 November 2022 |
28,141 |
2,545 |
12,698 |
16,181 |
59,565 |
|
-------- |
------- |
-------- |
-------- |
-------- |
Carrying amount |
|
|
|
|
|
At 30 November 2022 |
3,772 |
– |
2,047 |
– |
5,819 |
|
-------- |
------- |
-------- |
-------- |
-------- |
At 30 November 2021 |
5,030 |
– |
2,729 |
– |
7,759 |
|
-------- |
------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
Included in Plant and machinery are assets acquired under hire purchase agreements with a net book value of £1,335 (2021: £1,780).
7.
Debtors
|
2022 |
2021 |
|
£ |
£ |
Trade debtors |
34,502 |
33,373 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
Bank loans and overdrafts |
100 |
100 |
Trade creditors |
20,460 |
15,186 |
Corporation tax |
17,096 |
14,182 |
Social security and other taxes |
11,938 |
9,302 |
Other creditors |
46 |
2,443 |
|
-------- |
-------- |
|
49,640 |
41,213 |
|
-------- |
-------- |
|
|
|
Bank loans and overdrafts are secured by way of fixed and floating charges against the company's assets and undertakings.
9.
Creditors:
amounts falling due after more than one year
|
2022 |
2021 |
|
£ |
£ |
Bank loans and overdrafts |
– |
25,000 |
|
---- |
-------- |
|
|
|
Bank loans and overdrafts are secured by way of fixed and floating charges against the company's assets and undertakings.