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REGISTERED NUMBER: 02031134 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Total Graphic Supplies Limited

Total Graphic Supplies Limited (Registered number: 02031134)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Total Graphic Supplies Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Thompson
C Thompson





SECRETARY: S Thompson





REGISTERED OFFICE: Kepier House
Belmont Business Park
Durham
Co Durham
DH1 1TW





REGISTERED NUMBER: 02031134 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Total Graphic Supplies Limited (Registered number: 02031134)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 130,510 97,800
130,510 97,800

CURRENT ASSETS
Stocks 6 326,584 355,846
Debtors 7 557,981 607,600
Cash at bank and in hand 292,007 228,050
1,176,572 1,191,496
CREDITORS
Amounts falling due within one year 8 485,382 474,709
NET CURRENT ASSETS 691,190 716,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,700

814,587

CREDITORS
Amounts falling due after more than one
year

9

(24,060

)

(37,188

)

PROVISIONS FOR LIABILITIES 12 (16,032 ) (8,845 )
NET ASSETS 781,608 768,554

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 781,508 768,454
SHAREHOLDERS' FUNDS 781,608 768,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Total Graphic Supplies Limited (Registered number: 02031134)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by:





S Thompson - Director


Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Total Graphic Supplies 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group subsidiaries within the group and related party transactions conducted at a market rate.

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

Income recognition
Income is recognised from the sale of goods when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill has been amortised over its estimated useful life of twenty 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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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.
Leasehold improvements - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Tangible fixed assets are measured as cost less accumulated depreciation and impairment.

Government grants
Revenue based grants have been credited to the profit and loss account in the period to which they relate. Capital based grants are accounted for using the accruals model and have been transferred to a deferred credit and released to the profit and loss account over the useful life of the asset.

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 the profit and loss account 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 6 (2022 - 6 ) .

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,000 20,000 24,000
AMORTISATION
At 1 July 2022
and 30 June 2023 4,000 20,000 24,000
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 July 2022 50,500 132,482 14,391
Additions - 899 -
Disposals - - -
At 30 June 2023 50,500 133,381 14,391
DEPRECIATION
At 1 July 2022 39,178 112,671 12,656
Charge for year 1,887 5,140 347
Eliminated on disposal - - -
At 30 June 2023 41,065 117,811 13,003
NET BOOK VALUE
At 30 June 2023 9,435 15,570 1,388
At 30 June 2022 11,322 19,811 1,735

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 123,610 42,091 363,074
Additions 76,554 - 77,453
Disposals (55,660 ) - (55,660 )
At 30 June 2023 144,504 42,091 384,867
DEPRECIATION
At 1 July 2022 66,639 34,130 265,274
Charge for year 19,738 1,593 28,705
Eliminated on disposal (39,622 ) - (39,622 )
At 30 June 2023 46,755 35,723 254,357
NET BOOK VALUE
At 30 June 2023 97,749 6,368 130,510
At 30 June 2022 56,971 7,961 97,800

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 67,950
DEPRECIATION
At 1 July 2022 29,729
Charge for year 9,555
At 30 June 2023 39,284
NET BOOK VALUE
At 30 June 2023 28,666
At 30 June 2022 38,221

6. STOCKS
2023 2022
£    £   
Stocks 326,584 355,846

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 551,085 599,259
Other debtors - 383
Prepayments and accrued income 6,896 7,958
557,981 607,600

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 13,128 11,819
Trade creditors 326,976 294,073
Taxation and social security 131,068 155,570
Other creditors 6,037 5,264
Directors' current accounts 1,083 43
Accruals and deferred income 7,090 7,940
485,382 474,709

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 24,060 37,188

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,128 11,819
Between one and five years 24,060 37,188
37,188 49,007

Non-cancellable operating leases
2023 2022
£    £   
Within one year 40,067 40,571
Between one and five years 7,519 47,586
47,586 88,157

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,188 49,007

Hire purchase contracts are secured on the assets to which they relate.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,032 8,845

Deferred
tax
£   
Balance at 1 July 2022 8,845
Accelerated capital allowances 7,187
Balance at 30 June 2023 16,032

13. CALLED UP SHARE CAPITAL

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

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
S Thompson
Balance outstanding at start of year (22 ) (93 )
Amounts advanced - 16,557
Amounts repaid (520 ) (16,486 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (542 ) (22 )

C Thompson
Balance outstanding at start of year (21 ) (94 )
Amounts advanced - 16,000
Amounts repaid (520 ) (15,927 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (541 ) (21 )

Total Graphic Supplies Limited (Registered number: 02031134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

No interest has been charged.

15. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Silverpoint Design Limited, a company registered in England and Wales, their registered office address is Silverpoint Design Limited, Kepier House, Belmont Business Park, Durham, DH1 1TW.