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REGISTERED NUMBER: 11664915 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCREENS EMBROIDERY & PRINTING LIMITED

SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCREENS EMBROIDERY & PRINTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J E Beales
Mrs S H Beales
S E Ramsden





SECRETARY: S E Ramsden





REGISTERED OFFICE: 3/4 Rant Score
Whapload Road
Lowestoft
Suffolk
NR32 1TY





REGISTERED NUMBER: 11664915 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 1,400
Tangible assets 5 128,113 138,426
128,113 139,826

CURRENT ASSETS
Stocks 85,000 80,000
Debtors 6 5,920 14,523
Cash at bank and in hand 117,370 95,965
208,290 190,488
CREDITORS
Amounts falling due within one year 7 (199,542 ) (205,850 )
NET CURRENT ASSETS/(LIABILITIES) 8,748 (15,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,861

124,464

CREDITORS
Amounts falling due after more than one
year

8

(5,046

)

(10,245

)

PROVISIONS FOR LIABILITIES (15,881 ) (13,057 )
NET ASSETS 115,934 101,162

CAPITAL AND RESERVES
Called up share capital 9 104 104
Retained earnings 10 115,830 101,058
SHAREHOLDERS' FUNDS 115,934 101,162

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.

SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)

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.

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 March 2024 and were signed on its behalf by:





J E Beales - Director


SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)

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

1. STATUTORY INFORMATION

Screens Embroidery & Printing 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 2019, 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 etc - 20% on reducing balance and 15% on reducing balance

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 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.

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.

SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 7,000
AMORTISATION
At 1 January 2023 5,600
Charge for year 1,400
At 31 December 2023 7,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,400

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 76,020 129,527 205,547
Additions - 2,144 2,144
At 31 December 2023 76,020 131,671 207,691
DEPRECIATION
At 1 January 2023 6,316 60,805 67,121
Charge for year 1,520 10,937 12,457
At 31 December 2023 7,836 71,742 79,578
NET BOOK VALUE
At 31 December 2023 68,184 59,929 128,113
At 31 December 2022 69,704 68,722 138,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,463 12,197
Other debtors 2,457 2,326
5,920 14,523

SCREENS EMBROIDERY & PRINTING LIMITED (REGISTERED NUMBER: 11664915)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 14,145 20,543
Taxation and social security 25,356 19,881
Other creditors 160,041 165,426
199,542 205,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 5,046 10,245

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary A £1 100 100
4 Ordinary B, C, D and E £1 4 4
104 104

10. RESERVES
Retained
earnings
£   

At 1 January 2023 101,058
Profit for the year 58,322
Dividends (43,550 )
At 31 December 2023 115,830

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr J Beales, Mrs S Beales and Mr S Ramsden as holders of the share
capital throughout the previous and current year.
The company operates a Loan account with the Directors and the balance as at 31 December 2023 was £159,134. (31 December 2022 was £164,276)