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REGISTERED NUMBER: 04797538 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

GRAPHIC LITHO LIMITED

GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GRAPHIC LITHO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: C R Edmunds





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 04797538 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,000 85,000
85,000 85,000

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 20,644 27,247
Cash at bank 10,506 19,517
32,150 47,764
CREDITORS
Amounts falling due within one year 7 50,477 49,143
NET CURRENT LIABILITIES (18,327 ) (1,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,673

83,621

CREDITORS
Amounts falling due after more than one
year

8

(51,145

)

(67,951

)

PROVISIONS FOR LIABILITIES (15,515 ) (15,376 )
NET ASSETS 13 294

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3 284
SHAREHOLDERS' FUNDS 13 294

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 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.

GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 22 February 2024 and were signed by:





C R Edmunds - Director


GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Graphic Litho 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.

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 2003, is being amortised evenly over its 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.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 20% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 25,000
AMORTISATION
At 1 June 2022
and 31 May 2023 25,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 191,121 6,285 197,406
DEPRECIATION
At 1 June 2022
and 31 May 2023 106,121 6,285 112,406
NET BOOK VALUE
At 31 May 2023 85,000 - 85,000
At 31 May 2022 85,000 - 85,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,569 19,863
Other debtors 3,075 7,384
20,644 27,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 12,107 12,046
Taxation and social security 9,721 8,757
Other creditors 23,093 22,784
50,477 49,143

GRAPHIC LITHO LIMITED (REGISTERED NUMBER: 04797538)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,333 38,888
Other creditors 17,812 29,063
51,145 67,951

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 11,111

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
C R Edmunds
Balance outstanding at start of year 6,488 (7,445 )
Amounts advanced 28,266 51,160
Amounts repaid (32,575 ) (37,227 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,179 6,488

The director's loan is unsecured and repayable on demand. Interest at 2.25% is charged monthly on balances due to the company but the loan is otherwise interest free.