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REGISTERED NUMBER: 05556555 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tristar Printers Ltd

Tristar Printers Ltd (Registered number: 05556555)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tristar Printers Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: A Ahmed
Mrs H A Ahmed





SECRETARY: Mrs H A Ahmed





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





BUSINESS ADDRESS: Unit 5, Birley Industrial Estate
Birley Street
Birley St
Blackburn
Lancashire
BB1 5DN





REGISTERED NUMBER: 05556555 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Tristar Printers Ltd (Registered number: 05556555)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 9,000
Tangible assets 5 211,933 163,660
217,933 172,660

CURRENT ASSETS
Debtors 39,358 35,417
Cash at bank 8,241 22,881
47,599 58,298
CREDITORS
Amounts falling due within one year 61,751 57,934
NET CURRENT (LIABILITIES)/ASSETS (14,152 ) 364
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,781

173,024

CREDITORS
Amounts falling due after more than one
year

(92,051

)

(66,500

)

PROVISIONS FOR LIABILITIES (38,891 ) (31,095 )
NET ASSETS 72,839 75,429

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 71,839 74,429
SHAREHOLDERS' FUNDS 72,839 75,429

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

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

Tristar Printers Ltd (Registered number: 05556555)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 January 2024 and were signed on its behalf by:





Mrs H A Ahmed - Director


Tristar Printers Ltd (Registered number: 05556555)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Tristar Printers Ltd 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

Going concern
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.

The financial statements have been prepared on a going concern basis. The company has net current liabilities in the current financial year.The company is reliant on the continued financial support of the bank by way of loans and the directors.The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Turnover
The company operates a printing service to other businesses. The company invoices for work on the completion of each job. As such revenue is recognised on invoice date as an approximation to the point of completion of work.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised
evenly over its remaining estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Tristar Printers Ltd (Registered number: 05556555)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023 41,000
Amortisation for year 3,000
At 31 December 2023 44,000
NET BOOK VALUE

At 31 December 2023 6,000
At 31 December 2022 9,000

Tristar Printers Ltd (Registered number: 05556555)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 537,272
Additions 93,235
At 31 December 2023 630,507
DEPRECIATION
At 1 January 2023 373,612
Charge for year 44,962
At 31 December 2023 418,574
NET BOOK VALUE
At 31 December 2023 211,933
At 31 December 2022 163,660

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 58,377
Additions 58,400
At 31 December 2023 116,777
DEPRECIATION
At 1 January 2023 16,202
Charge for year 20,927
At 31 December 2023 37,129
NET BOOK VALUE
At 31 December 2023 79,648
At 31 December 2022 42,175

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 12,495 7,614
Between one and five years 59,051 23,500
71,546 31,114

Tristar Printers Ltd (Registered number: 05556555)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Between one and five years 40,739 60,294

7. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 71,546 31,114

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,000 Ordinary £1 1,000 1,000