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REGISTERED NUMBER: 07416399 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MANCHESTER PRINT SERVICE LIMITED

MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANCHESTER PRINT SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: L M Egan
A S Lambert





SECRETARY: A S Lambert





REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD





REGISTERED NUMBER: 07416399 (England and Wales)





ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD

MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,625 152,124
Investments 5 50 50
167,675 152,174

CURRENT ASSETS
Stocks 26,570 26,135
Debtors 6 276,407 252,407
Cash at bank 277,555 257,139
580,532 535,681
CREDITORS
Amounts falling due within one year 7 305,909 294,348
NET CURRENT ASSETS 274,623 241,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,298

393,507

CREDITORS
Amounts falling due after more than one
year

8

(96,028

)

(136,187

)

PROVISIONS FOR LIABILITIES (41,907 ) (28,904 )
NET ASSETS 304,363 228,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 304,263 228,316
SHAREHOLDERS' FUNDS 304,363 228,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)

BALANCE SHEET - continued
31ST 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 28th November 2023 and were signed on its behalf by:





L M Egan - Director


MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Manchester Print Service 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.

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.
Plant and machinery - 20% on cost and 15% on reducing balance
Furniture and equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

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 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Plant and and
machinery equipment Totals
£    £    £   
COST
At 1st April 2022 566,980 26,746 593,726
Additions 75,100 7,985 83,085
At 31st March 2023 642,080 34,731 676,811
DEPRECIATION
At 1st April 2022 417,287 24,315 441,602
Charge for year 64,025 3,559 67,584
At 31st March 2023 481,312 27,874 509,186
NET BOOK VALUE
At 31st March 2023 160,768 6,857 167,625
At 31st March 2022 149,693 2,431 152,124

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st April 2022
and 31st March 2023 50
NET BOOK VALUE
At 31st March 2023 50
At 31st March 2022 50

MANCHESTER PRINT SERVICE LIMITED (REGISTERED NUMBER: 07416399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 272,893 244,055
Other debtors 2,117 2,455
Prepayments and accrued income 1,397 5,897
276,407 252,407

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 40,160 33,813
Trade creditors 156,542 148,337
Corporation tax 38,369 49,159
Social security and other taxes 4,082 2,593
VAT 43,094 36,642
Other creditors 5,547 1,359
Accruals and deferred income 18,115 22,445
305,909 294,348

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 43,884 40,160
Other loans - 2-5 years 52,144 96,027
96,028 136,187

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 8,562 17,782
Between one and five years 16,051 25,464
24,613 43,246