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REGISTERED NUMBER: 07945834 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

INDUSTRIAL PRINTER SERVICES LIMITED

INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDUSTRIAL PRINTER SERVICES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S D Webb
A J Webb





REGISTERED OFFICE: Unit 15 Ergo Business Park
Kelvin Road
Swindon
Wiltshire
SN3 3JW





REGISTERED NUMBER: 07945834 (England and Wales)





ACCOUNTANTS: Abacs Ltd
La Pineda
Upper Minety
Malmesbury
Wiltshire
SN16 9PR

INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,436 13,581

CURRENT ASSETS
Stocks 2,100 2,100
Debtors 5 119,995 91,834
Prepayments and accrued income 12,774 9,905
Cash at bank 106,712 115,453
241,581 219,292
CREDITORS
Amounts falling due within one year 6 155,921 116,977
NET CURRENT ASSETS 85,660 102,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,096

115,896

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,094 115,894
SHAREHOLDERS' FUNDS 104,096 115,896

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

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

INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)

Balance Sheet - continued
31 March 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 26 December 2023 and were signed on its behalf by:




A J Webb - Director



Mrs S D Webb - Director


INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)

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

1. STATUTORY INFORMATION

Industrial Printer Services 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.

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.

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 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.

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.

INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 98,987
Additions 14,686
Disposals (16,792 )
At 31 March 2023 96,881
DEPRECIATION
At 1 April 2022 85,406
Charge for year 9,831
Eliminated on disposal (16,792 )
At 31 March 2023 78,445
NET BOOK VALUE
At 31 March 2023 18,436
At 31 March 2022 13,581

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

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 26,459
DEPRECIATION
At 1 April 2022
and 31 March 2023 26,459
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,995 91,834

INDUSTRIAL PRINTER SERVICES LIMITED (REGISTERED NUMBER: 07945834)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 19,759 18,263
Trade creditors 85,122 41,252
Taxation and social security 46,312 51,706
Other creditors 4,728 5,756
155,921 116,977