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REGISTERED NUMBER: 04586210 (England and Wales)












Pre-Print Technology Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Pre-Print Technology Limited (Registered number: 04586210)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Pre-Print Technology Limited

Company Information
for the Year Ended 31 May 2023







Directors: A Roylance
Mrs S Roylance



Secretary: A Roylance



Registered office: 1A Joel Lane
Hyde
Cheshire
SK14 5JY



Registered number: 04586210 (England and Wales)



Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ



Bankers: Nat West Bank
Warrington Street
Ashton-under-Lyne
Lancashire
OL6 6JL

Pre-Print Technology Limited (Registered number: 04586210)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 99,496 21,131
Investments 5 3,674 12,858
103,170 33,989

Current assets
Debtors 6 612,827 684,626
Cash at bank and in hand 64,478 101,635
677,305 786,261
Creditors
Amounts falling due within one year 7 210,589 139,495
Net current assets 466,716 646,766
Total assets less current liabilities 569,886 680,755

Creditors
Amounts falling due after more than one
year

8

(82,208

)

(111,517

)

Provisions for liabilities (18,946 ) (4,056 )
Net assets 468,732 565,182

Capital and reserves
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 468,730 565,180
Shareholders' funds 468,732 565,182

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

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

Pre-Print Technology Limited (Registered number: 04586210)

Balance Sheet - continued
31 May 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 14 February 2024 and were signed on its behalf by:




A Roylance - Director



Mrs S Roylance - Director


Pre-Print Technology Limited (Registered number: 04586210)

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

1. Statutory information

Pre-Print Technology 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

Pre-Print Technology Limited (Registered number: 04586210)

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

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2022 4,049 79,737 39,406 123,192
Additions - 38,560 49,835 88,395
Disposals - (24,643 ) - (24,643 )
At 31 May 2023 4,049 93,654 89,241 186,944
Depreciation
At 1 June 2022 1,350 61,923 38,788 102,061
Charge for year 810 6,147 3,073 10,030
Eliminated on disposal - (24,643 ) - (24,643 )
At 31 May 2023 2,160 43,427 41,861 87,448
Net book value
At 31 May 2023 1,889 50,227 47,380 99,496
At 31 May 2022 2,699 17,814 618 21,131

5. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 June 2022 12,858
Revaluations (9,184 )
At 31 May 2023 3,674
Net book value
At 31 May 2023 3,674
At 31 May 2022 12,858

Pre-Print Technology Limited (Registered number: 04586210)

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

5. Fixed asset investments - continued

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£   
Valuation in 2019 422
Valuation in 2020 (67 )
Valuation in 2021 (1,085 )
Valuation in 2022 3,333
Valuation in 2023 (9,184 )
Cost 10,255
3,674

6. Debtors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Trade debtors 72,101 105,878
Other debtors 717 717
Associated company 498,598 535,782
Corporation tax recoverable - 18,487
VAT 37,269 20,734
Prepayments 4,142 3,028
612,827 684,626

7. Creditors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 128,403 66,361
Corporation tax 7,060 -
Social security and other taxes 733 708
Other creditors 15,518 15,518
Company Credit Cards 22,121 3,458
Directors' current accounts 1,855 7,850
Accrued expenses 4,899 15,600
210,589 139,495

Pre-Print Technology Limited (Registered number: 04586210)

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

8. Creditors: amounts falling due after more than one year
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 60,000 60,000
Bank loans - 2-5 years 22,208 51,517
82,208 111,517