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REGISTERED NUMBER: 05219651 (England and Wales)














Minuteman Press (Kings Lynn) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Minuteman Press (Kings Lynn) Limited

Company Information
for the Year Ended 30 September 2023







Directors: K Boyce
P Boyce





Registered office: 12 Campbells Business Park
Campbells Meadow
Kings Lynn
Norfolk
PE30 4YR





Registered number: 05219651 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Minuteman Press (Kings Lynn) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Minuteman Press (Kings Lynn) Limited for the year ended 30 September 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Minuteman Press (Kings Lynn) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Minuteman Press (Kings Lynn) Limited and state those matters that we have agreed to state to the Board of Directors of Minuteman Press (Kings Lynn) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Minuteman Press (Kings Lynn) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Minuteman Press (Kings Lynn) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Minuteman Press (Kings Lynn) Limited. You consider that Minuteman Press (Kings Lynn) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Minuteman Press (Kings Lynn) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


14 February 2024

Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 13,951 14,822
Tangible assets 6 174,995 182,947
188,946 197,769

Current assets
Stocks 17,800 23,885
Debtors 7 162,856 171,825
Cash at bank 84,253 117,565
264,909 313,275
Creditors
Amounts falling due within one year 8 167,630 178,186
Net current assets 97,279 135,089
Total assets less current liabilities 286,225 332,858

Creditors
Amounts falling due after more than one
year

9

(43,340

)

(75,805

)

Provisions for liabilities (32,834 ) (34,272 )
Net assets 210,051 222,781

Capital and reserves
Called up share capital 200 200
Retained earnings 209,851 222,581
Shareholders' funds 210,051 222,781

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

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

Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

Statement of Financial Position - continued
30 September 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 Statement of income and retained earnings 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:




K Boyce - Director



P Boyce - Director


Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

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


1. Statutory information

Minuteman Press (Kings Lynn) 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

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 thirty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis
Fixtures and fittings - 20% on a straight line basis
Motor vehicles - 25% on a straight line basis
Computer equipment - 20% on a straight line basis

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 Statement of Income and Retained Earnings, 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.


Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

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


3. Accounting policies - continued
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.

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.

4. Employees and directors

The average number of employees during the year was 11 (2022 - 11 ) .

5. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 October 2022
and 30 September 2023 30,500
Amortisation
At 1 October 2022 15,678
Amortisation for year 871
At 30 September 2023 16,549
Net book value
At 30 September 2023 13,951
At 30 September 2022 14,822

Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

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


6. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 October 2022 314,901 138,389 7,819 7,164 468,273
Additions 28,434 - - 1,508 29,942
At 30 September 2023 343,335 138,389 7,819 8,672 498,215
Depreciation
At 1 October 2022 189,941 85,686 5,603 4,096 285,326
Charge for year 30,679 5,746 554 915 37,894
At 30 September 2023 220,620 91,432 6,157 5,011 323,220
Net book value
At 30 September 2023 122,715 46,957 1,662 3,661 174,995
At 30 September 2022 124,960 52,703 2,216 3,068 182,947

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 105,874 116,843
Amounts owed by group undertakings 56,982 54,982
162,856 171,825

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 11,864 11,864
Hire purchase contracts 20,601 25,714
Trade creditors 84,838 70,228
Tax 10,829 26,072
Social security and other taxes 3,375 4,469
VAT 16,978 20,440
Other creditors 1,146 827
Directors' current accounts 371 508
Deferred income 5,138 5,138
Accrued expenses 12,490 12,926
167,630 178,186

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 2-5 years 19,774 31,638
Hire purchase contracts 23,566 44,167
43,340 75,805

Minuteman Press (Kings Lynn) Limited (Registered number: 05219651)

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


10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,638 43,502
Hire purchase contracts 44,167 69,881
75,805 113,383

The bank loan of £31,638 (2022: £43,502) is secured by a fixed and floating charge over the company and all property and assets present and future.

11. Related party disclosures

During the year the directors have made a loan to the company. The loan is unsecured, interest free and repayable on demand. The balance owing at the year end was £371 (2022: £508)