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REGISTERED NUMBER: 08960428 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

2601 Creative Print Limited

2601 Creative Print Limited (Registered number: 08960428)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2601 Creative Print Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S J Williamson
P Johnson





REGISTERED OFFICE: 7 Soundwell Road
Staple Hill
Bristol
Avon
BS16 4QG





REGISTERED NUMBER: 08960428 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

2601 Creative Print Limited (Registered number: 08960428)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960,649 742,941

CURRENT ASSETS
Stocks 66,000 75,000
Debtors 5 224,728 294,647
Cash at bank 73,563 51,123
364,291 420,770
CREDITORS
Amounts falling due within one year 6 506,006 574,729
NET CURRENT LIABILITIES (141,715 ) (153,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

818,934

588,982

CREDITORS
Amounts falling due after more than one
year

7

(466,833

)

(405,546

)

PROVISIONS FOR LIABILITIES (39,895 ) -
NET ASSETS 312,206 183,436

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 140,603 -
Retained earnings 8 171,503 183,336
312,206 183,436

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 directors acknowledge their 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.

2601 Creative Print Limited (Registered number: 08960428)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




P Johnson - Director



S J Williamson - Director


2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

2601 Creative Print Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 609,397 284,525 11,738 9,448 915,108
Additions - 118,399 330 1,534 120,263
Revaluations 140,603 - - - 140,603
At 31 March 2023 750,000 402,924 12,068 10,982 1,175,974
DEPRECIATION
At 1 April 2022 - 164,178 3,175 4,814 172,167
Charge for year - 39,837 1,779 1,542 43,158
At 31 March 2023 - 204,015 4,954 6,356 215,325
NET BOOK VALUE
At 31 March 2023 750,000 198,909 7,114 4,626 960,649
At 31 March 2022 609,397 120,347 8,563 4,634 742,941

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 609,397 402,924 12,068 10,982 1,035,371
Valuation in 2023 140,603 - - - 140,603
750,000 402,924 12,068 10,982 1,175,974

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 April 2022 34,270
Additions 117,990
At 31 March 2023 152,260
DEPRECIATION
At 1 April 2022 8,568
Charge for year 15,226
Transfer to ownership (5,141 )
At 31 March 2023 18,653
NET BOOK VALUE
At 31 March 2023 133,607
At 31 March 2022 25,702

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 220,465 268,159
Other debtors - 5,000
Prepayments and accrued income 1,750 1,750
222,215 274,909

Amounts falling due after more than one year:
Directors' loan accounts 2,513 19,738

Aggregate amounts 224,728 294,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 302,041 384,444
Hire purchase contracts 30,342 6,854
Trade creditors 106,678 88,957
Tax 8,023 49,103
Social security and other taxes (4,138 ) (4,138 )
VAT 54,679 43,593
Other creditors 7,162 5,916
Pension creditor 1,219 -
506,006 574,729

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Mortgage 365,612 382,699
Hire purchase contracts 96,244 22,847
Directors' loan accounts 4,977 -
466,833 405,546

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 183,336 - 183,336
Profit for the year 90,667 90,667
Dividends (102,500 ) (102,500 )
Revaluation - 140,603 140,603
At 31 March 2023 171,503 140,603 312,106