IRIS Accounts Production v23.1.0.753 07528317 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075283172022-02-28075283172023-02-28075283172022-03-012023-02-28075283172021-02-28075283172021-03-012022-02-28075283172022-02-2807528317ns16:EnglandWales2022-03-012023-02-2807528317ns15:PoundSterling2022-03-012023-02-2807528317ns11:Director12022-03-012023-02-2807528317ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2807528317ns11:SmallEntities2022-03-012023-02-2807528317ns11:AuditExemptWithAccountantsReport2022-03-012023-02-2807528317ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807528317ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2807528317ns11:FullAccounts2022-03-012023-02-2807528317ns11:Director22022-03-012023-02-2807528317ns11:CompanySecretary12022-03-012023-02-2807528317ns11:RegisteredOffice2022-03-012023-02-2807528317ns6:CurrentFinancialInstruments2023-02-2807528317ns6:CurrentFinancialInstruments2022-02-2807528317ns6:Non-currentFinancialInstruments2023-02-2807528317ns6:Non-currentFinancialInstruments2022-02-2807528317ns6:ShareCapital2023-02-2807528317ns6:ShareCapital2022-02-2807528317ns6:RetainedEarningsAccumulatedLosses2023-02-2807528317ns6:RetainedEarningsAccumulatedLosses2022-02-2807528317ns6:PlantMachinery2022-03-012023-02-2807528317ns6:FurnitureFittings2022-03-012023-02-2807528317ns6:ComputerEquipment2022-03-012023-02-2807528317ns6:PlantMachinery2022-02-2807528317ns6:FurnitureFittings2022-02-2807528317ns6:ComputerEquipment2022-02-2807528317ns6:PlantMachinery2023-02-2807528317ns6:FurnitureFittings2023-02-2807528317ns6:ComputerEquipment2023-02-2807528317ns6:PlantMachinery2022-02-2807528317ns6:FurnitureFittings2022-02-2807528317ns6:ComputerEquipment2022-02-2807528317ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2807528317ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2807528317ns6:CurrentFinancialInstruments2022-03-012023-02-2807528317ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-02-2807528317ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-02-2807528317ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-02-2807528317ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-28
REGISTERED NUMBER: 07528317 (England and Wales)















GRAPHIC PRINT & SIGN COMPANY LTD

Unaudited Financial Statements For The Year Ended 28 February 2023






GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GRAPHIC PRINT & SIGN COMPANY LTD

Company Information
For The Year Ended 28 February 2023







DIRECTORS: M Cairns
J Cairns





SECRETARY: Mrs K Cairns





REGISTERED OFFICE: Brynmill House
5 Brampton Place
North Shields
Tyne and Wear
NE29 7BN





REGISTERED NUMBER: 07528317 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,584 63,715

CURRENT ASSETS
Stocks 9,344 7,492
Debtors 5 77,987 54,215
Cash in hand 40 57
87,371 61,764
CREDITORS
Amounts falling due within one year 6 112,990 90,413
NET CURRENT LIABILITIES (25,619 ) (28,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,965

35,066

CREDITORS
Amounts falling due after more than one
year

7

25,910

35,000
NET ASSETS 55 66

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 44 55
SHAREHOLDERS' FUNDS 55 66

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)

Balance Sheet - continued
28 February 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 24 May 2023 and were signed on its behalf by:





M Cairns - Director


GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Graphic Print & Sign Company Ltd 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work or on expected selling price on work part completed at the balance sheet date.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock consists raw materials, part complete and finished goods.
The raw materials are valued at actual cost and part complete stock is valued at cost plus a margin that reflects how complete the work has progressed. Net realisable value exceeds the value of raw materials and work in progress.
The finished goods value is at raw material cost plus an additional amount to cover the direct cost of production. Net realisable value also exceeds the value of the finished goods.

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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 246,802 1,418 5,442 253,662
Additions 401 - 368 769
At 28 February 2023 247,203 1,418 5,810 254,431
DEPRECIATION
At 1 March 2022 184,451 972 4,524 189,947
Charge for year 12,550 67 283 12,900
At 28 February 2023 197,001 1,039 4,807 202,847
NET BOOK VALUE
At 28 February 2023 50,202 379 1,003 51,584
At 28 February 2022 62,351 446 918 63,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,334 40,558
Other debtors 31,653 13,657
77,987 54,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 13,256 11,246
Trade creditors 52,442 36,092
Taxation and social security 6,077 7,527
Other creditors 41,215 35,548
112,990 90,413

A bank loan and bank overdraft facility made available to the company are secured by way of a Director's personal guarantee.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 25,910 35,000

GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,256 1,246
Bank loans 10,000 10,000
Other loans 30,576 28,505
43,832 39,751

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,910 25,000

During the year to 28 February 2021 the company received a Coronavirus Bounce Back Loan of £50,000. This is required to be disclosed in the accounts as amounts owing in less than one year, between 1 and 2 years, between 2 and five years and over five years, all as set out above.

9. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.
Hire purchase contracts taken out by the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

GRAPHIC PRINT & SIGN COMPANY LTD

Report of the Accountants to the Directors of
Graphic Print & Sign Company Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


24 May 2023