2022-04-012023-03-312023-03-31false01403800LEEDS GRAPHIC PRESS LIMITED2023-09-2918129iso4217:GBPxbrli:pure014038002022-04-01014038002023-03-31014038002022-04-012023-03-31014038002021-04-01014038002022-03-31014038002021-04-012022-03-3101403800bus:SmallEntities2022-04-012023-03-3101403800bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3101403800bus:FullAccounts2022-04-012023-03-3101403800bus:PrivateLimitedCompanyLtd2022-04-012023-03-3101403800core:WithinOneYear2023-03-3101403800core:AfterOneYear2023-03-3101403800core:WithinOneYear2022-03-3101403800core:AfterOneYear2022-03-3101403800core:ShareCapital2023-03-3101403800core:SharePremium2023-03-3101403800core:RevaluationReserve2023-03-3101403800core:OtherReservesSubtotal2023-03-3101403800core:RetainedEarningsAccumulatedLosses2023-03-3101403800core:ShareCapital2022-03-3101403800core:SharePremium2022-03-3101403800core:RevaluationReserve2022-03-3101403800core:OtherReservesSubtotal2022-03-3101403800core:RetainedEarningsAccumulatedLosses2022-03-3101403800core:LandBuildings2023-03-3101403800core:PlantMachinery2023-03-3101403800core:Vehicles2023-03-3101403800core:FurnitureFittings2023-03-3101403800core:OfficeEquipment2023-03-3101403800core:NetGoodwill2023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-03-3101403800core:ListedExchangeTraded2023-03-3101403800core:UnlistedNon-exchangeTraded2023-03-3101403800core:LandBuildings2022-03-3101403800core:PlantMachinery2022-03-3101403800core:Vehicles2022-03-3101403800core:FurnitureFittings2022-03-3101403800core:OfficeEquipment2022-03-3101403800core:NetGoodwill2022-03-3101403800core:IntangibleAssetsOtherThanGoodwill2022-03-3101403800core:ListedExchangeTraded2022-03-3101403800core:UnlistedNon-exchangeTraded2022-03-3101403800core:LandBuildings2022-04-012023-03-3101403800core:PlantMachinery2022-04-012023-03-3101403800core:Vehicles2022-04-012023-03-3101403800core:FurnitureFittings2022-04-012023-03-3101403800core:OfficeEquipment2022-04-012023-03-3101403800core:NetGoodwill2022-04-012023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101403800core:ListedExchangeTraded2022-04-012023-03-3101403800core:UnlistedNon-exchangeTraded2022-04-012023-03-3101403800core:MoreThanFiveYears2022-04-012023-03-3101403800core:Non-currentFinancialInstruments2023-03-3101403800core:Non-currentFinancialInstruments2022-03-3101403800dpl:CostSales2022-04-012023-03-3101403800dpl:DistributionCosts2022-04-012023-03-3101403800core:LandBuildings2022-04-012023-03-3101403800core:PlantMachinery2022-04-012023-03-3101403800core:Vehicles2022-04-012023-03-3101403800core:FurnitureFittings2022-04-012023-03-3101403800core:OfficeEquipment2022-04-012023-03-3101403800dpl:AdministrativeExpenses2022-04-012023-03-3101403800core:NetGoodwill2022-04-012023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101403800dpl:GroupUndertakings2022-04-012023-03-3101403800dpl:ParticipatingInterests2022-04-012023-03-3101403800dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3101403800core:ListedExchangeTraded2022-04-012023-03-3101403800dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3101403800core:UnlistedNon-exchangeTraded2022-04-012023-03-3101403800dpl:CostSales2021-04-012022-03-3101403800dpl:DistributionCosts2021-04-012022-03-3101403800core:LandBuildings2021-04-012022-03-3101403800core:PlantMachinery2021-04-012022-03-3101403800core:Vehicles2021-04-012022-03-3101403800core:FurnitureFittings2021-04-012022-03-3101403800core:OfficeEquipment2021-04-012022-03-3101403800dpl:AdministrativeExpenses2021-04-012022-03-3101403800core:NetGoodwill2021-04-012022-03-3101403800core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3101403800dpl:GroupUndertakings2021-04-012022-03-3101403800dpl:ParticipatingInterests2021-04-012022-03-3101403800dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3101403800core:ListedExchangeTraded2021-04-012022-03-3101403800dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3101403800core:UnlistedNon-exchangeTraded2021-04-012022-03-3101403800core:NetGoodwill2023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-03-3101403800core:LandBuildings2023-03-3101403800core:PlantMachinery2023-03-3101403800core:Vehicles2023-03-3101403800core:FurnitureFittings2023-03-3101403800core:OfficeEquipment2023-03-3101403800core:AfterOneYear2023-03-3101403800core:WithinOneYear2023-03-3101403800core:ListedExchangeTraded2023-03-3101403800core:UnlistedNon-exchangeTraded2023-03-3101403800core:ShareCapital2023-03-3101403800core:SharePremium2023-03-3101403800core:RevaluationReserve2023-03-3101403800core:OtherReservesSubtotal2023-03-3101403800core:RetainedEarningsAccumulatedLosses2023-03-3101403800core:NetGoodwill2022-03-3101403800core:IntangibleAssetsOtherThanGoodwill2022-03-3101403800core:LandBuildings2022-03-3101403800core:PlantMachinery2022-03-3101403800core:Vehicles2022-03-3101403800core:FurnitureFittings2022-03-3101403800core:OfficeEquipment2022-03-3101403800core:AfterOneYear2022-03-3101403800core:WithinOneYear2022-03-3101403800core:Liste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LEEDS GRAPHIC PRESS LIMITED

Registered Number
01403800
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

LEEDS GRAPHIC PRESS LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

STEAD, David Ian
STEAD, Keith Malcolm
STEAD, Philip Andrew
STEAD, Sylvia

Registered Address

Century House 4 Millennium Drive
Holbeck
Leeds
LS11 5BP

Registered Number

01403800 (England and Wales)
LEEDS GRAPHIC PRESS LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets51,0006,000
Tangible assets61,734,4181,815,156
Investments740,200-
1,775,6181,821,156
Current assets
Stocks1020,16629,755
Debtors11332,933288,482
Cash at bank and on hand14,62924,487
367,728342,724
Creditors amounts falling due within one year12(616,389)(592,077)
Net current assets (liabilities)(248,661)(249,353)
Total assets less current liabilities1,526,9571,571,803
Creditors amounts falling due after one year13(679,127)(689,581)
Provisions for liabilities15(102,289)(90,641)
Net assets745,541791,581
Capital and reserves
Called up share capital10,00010,000
Profit and loss account735,541781,581
Shareholders' funds745,541791,581
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2023, and are signed on its behalf by:
STEAD, Keith Malcolm
Director
STEAD, Philip Andrew
Director

Registered Company No. 01403800
LEEDS GRAPHIC PRESS 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.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Fixtures and fittings15-
Vehicles25-
Office Equipment-3
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
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 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.
Government grants and other government assistance policy
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 Income Statement in the same period as the related expenditure.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
4.Employee information

20232022
Average number of employees during the year2526
5.Intangible assets
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of Goodwill has been set at 20% Straight line and the asset will be amortised on a annual basis.

Goodwill

Total

££
Cost or valuation
At 01 April 22398,002398,002
At 31 March 23398,002398,002
Amortisation and impairment
At 01 April 22392,002392,002
Charge for year5,0005,000
At 31 March 23397,002397,002
Net book value
At 31 March 231,0001,000
At 31 March 226,0006,000
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 April 221,266,7891,959,41042,824221,500188,4343,678,957
Additions----3,5503,550
At 31 March 231,266,7891,959,41042,824221,500191,9843,682,507
Depreciation and impairment
At 01 April 22-1,495,59435,037147,896185,2741,863,801
Charge for year-69,5721,94711,0411,72884,288
At 31 March 23-1,565,16636,984158,937187,0021,948,089
Net book value
At 31 March 231,266,789394,2445,84062,5634,9821,734,418
At 31 March 221,266,789463,8167,78773,6043,1601,815,156
7.Fixed asset investments
On 31 March 2023 the company acquired 100% of the shareholding in Linbob Limited.

Investments in groups1

Total

££
Cost or valuation
Additions40,20040,200
At 31 March 2340,20040,200
Net book value
At 31 March 2340,20040,200
At 31 March 22--

Notes

1Investments in group undertakings and participating interests
8.Off balance sheet pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to Nil (2022 £24,000).
9.Description of nature of transactions and balances with related parties
The company has recharged expenses for the year to Linbob Limited totalling £50,667 (2022: £67,000). Linbob Limited is a 100% subsidiary of Leeds Graphic Press Ltd. At the Balance Sheet date the company was owed £33,543 by Leeds Graphic Press Limited (2022: £nil).
10.Stocks

2023

2022

££
Raw materials and consumables17,58119,755
Work in progress2,58510,000
Total20,16629,755
11.Debtors

2023

2022

££
Trade debtors / trade receivables325,219279,800
Prepayments and accrued income7,7148,682
Total332,933288,482
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.
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables149,971159,726
Bank borrowings and overdrafts89,07662,064
Amounts owed to related parties33,543-
Taxation and social security73,25680,886
Finance lease and HP contracts4,04433,614
Other creditors229,459191,817
Accrued liabilities and deferred income37,04063,970
Total616,389592,077
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.
13.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts679,127685,537
Other creditors-4,044
Total679,127689,581
The Natwest mortgage is secured via a fixed charge on the property of the company.
14.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts-4,044
15.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)102,28990,641
Total102,28990,641