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REGISTERED NUMBER: 05851654 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2023

for

The Printworks (Royston) Limited

The Printworks (Royston) Limited (Registered number: 05851654)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Printworks (Royston) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr F C Miller





SECRETARY: Mrs VA Miller





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 05851654 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

The Printworks (Royston) Limited (Registered number: 05851654)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,405 19,205
21,405 19,205

CURRENT ASSETS
Stocks 23,501 20,919
Debtors 6 73,685 97,601
Cash at bank and in hand 512 5,400
97,698 123,920
CREDITORS
Amounts falling due within one year 7 83,268 74,268
NET CURRENT ASSETS 14,430 49,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,835

68,857

CREDITORS
Amounts falling due after more than one
year

8

(19,175

)

(30,267

)

PROVISIONS FOR LIABILITIES 10 (3,620 ) (3,104 )
NET ASSETS 13,040 35,486

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12,940 35,386
SHAREHOLDERS' FUNDS 13,040 35,486

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

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

The Printworks (Royston) Limited (Registered number: 05851654)

Balance Sheet - continued
31 July 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 19 April 2024 and were signed by:





Mr F C Miller - Director


The Printworks (Royston) Limited (Registered number: 05851654)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The Printworks (Royston) 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 2006, is being amortised evenly over its 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 cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


The Printworks (Royston) Limited (Registered number: 05851654)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 36,000
AMORTISATION
At 1 August 2022
and 31 July 2023 36,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

The Printworks (Royston) Limited (Registered number: 05851654)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2022 6,116 118,303 5,548
Additions - - 10,929
At 31 July 2023 6,116 118,303 16,477
DEPRECIATION
At 1 August 2022 6,116 103,427 4,543
Charge for year - 2,964 2,984
At 31 July 2023 6,116 106,391 7,527
NET BOOK VALUE
At 31 July 2023 - 11,912 8,950
At 31 July 2022 - 14,876 1,005

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 23,900 3,157 157,024
Additions - - 10,929
At 31 July 2023 23,900 3,157 167,953
DEPRECIATION
At 1 August 2022 21,300 2,433 137,819
Charge for year 2,600 181 8,729
At 31 July 2023 23,900 2,614 146,548
NET BOOK VALUE
At 31 July 2023 - 543 21,405
At 31 July 2022 2,600 724 19,205

The Printworks (Royston) Limited (Registered number: 05851654)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 13,000
Transfer to ownership (13,000 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 10,400
Transfer to ownership (10,400 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 2,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 72,063 97,601
Other debtors 1,622 -
73,685 97,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (see note 9) 24,197 11,934
Trade creditors 41,069 40,035
Taxation and social security 9,539 17,789
Other creditors 8,463 4,510
83,268 74,268

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 9) 19,175 30,267

The Printworks (Royston) Limited (Registered number: 05851654)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 12,263 -
Bank loans 1,934 1,934
Bank loan 10,000 10,000
24,197 11,934

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 -
Bank loan 1 to 3 years 161 1,934
10,161 1,934

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,014 28,333

10. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 3,620 3,104

Deferred
tax
£   
Balance at 1 August 2022 3,104
Accelerated capital allowances 516
Balance at 31 July 2023 3,620

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr F C Miller.