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REGISTERED NUMBER: 06791383 (England and Wales)



















RIPLEY PRINTERS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


RIPLEY PRINTERS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr M T Kent





REGISTERED OFFICE: Unit F, Salcombe Road
Meadow Lane
ALFRETON
DE55 7EG





REGISTERED NUMBER: 06791383 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 151,786 153,226
151,786 153,226

CURRENT ASSETS
Stocks 8,098 12,952
Debtors 6 33,434 15,500
Cash at bank and in hand 189,634 179,175
231,166 207,627
CREDITORS
Amounts falling due within one year 7 184,231 162,594
NET CURRENT ASSETS 46,935 45,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,721

198,259

CREDITORS
Amounts falling due after more than one year 8 (22,500 ) (32,500 )

PROVISIONS FOR LIABILITIES (27,247 ) (26,778 )
NET ASSETS 148,974 138,981

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

BALANCE SHEET - continued
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 37,515 37,515
Retained earnings 111,359 101,366
SHAREHOLDERS' FUNDS 148,974 138,981

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 director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





Mr M T Kent - Director


RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Ripley Printers (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have considered the possible effects of Covid-19 on the company and found no basis for concern at this time.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised evenly over the estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10 years straight line
Website development - Straight line over 5 years
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

The plant and machinery assets are being revalued annually with the adjustments going to the revaluation reserve.

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.


RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 28,695
AMORTISATION
At 1 March 2022
and 28 February 2023 28,695
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Website Computer
property machinery development equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2022 36,436 125,214 46,485 7,551 215,686
Additions - - 6,504 3,164 9,668
At 28 February 2023 36,436 125,214 52,989 10,715 225,354
DEPRECIATION
At 1 March 2022 25,557 - 34,389 2,514 62,460
Charge for year 3,650 - 6,014 1,444 11,108
At 28 February 2023 29,207 - 40,403 3,958 73,568
NET BOOK VALUE
At 28 February 2023 7,229 125,214 12,586 6,757 151,786
At 28 February 2022 10,879 125,214 12,096 5,037 153,226

Cost or valuation at 28 February 2023 is represented by:

Improvements
to Plant and Website Computer
property machinery development equipment Totals
£    £    £    £    £   
Valuation in 2023 - 125,214 - - 125,214
Cost 36,436 - 52,989 10,715 100,140
36,436 125,214 52,989 10,715 225,354

If plant & machinery had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 168,555 168,555
Aggregate depreciation 137,026 129,159

Plant & Machinery were valued on an open market basis on 28 February 2023 by the Director .

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,128 14,021
Prepayments and accrued income 1,306 1,479
33,434 15,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Payments on account 12,085 8,895
Trade creditors 94,074 71,076
Corporation tax 22,072 27,804
Social security and other taxes 4,429 4,597
VAT 18,496 17,514
Other creditors 19,140 18,817
Directors' current accounts 445 618
Accruals and deferred income 3,490 3,273
184,231 162,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
22,500 32,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


11. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 37,515

12. CONTINGENT LIABILITIES

The company had total guarantees and commitments at the balance sheet date of £0 (2022- £20,000)

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr M T Kent
Balance outstanding at start of year (618 ) 2,508
Amounts advanced 94,382 82,567
Amounts repaid (90,709 ) (85,693 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,055 (618 )

14. RELATED PARTY DISCLOSURES

At the year end date there is a amount of £5,808 (2022 £5,808) owed to a related company.