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REGISTERED NUMBER: 03886746 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Fineprint (Basingstoke) Limited

Fineprint (Basingstoke) Limited (Registered number: 03886746)

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


Fineprint (Basingstoke) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J Woolhouse
Mrs L B Woolhouse





SECRETARY: Mrs L B Woolhouse





REGISTERED OFFICE: Unit 8
Telford Road
Basingstoke
Hampshire
RG21 6YU





REGISTERED NUMBER: 03886746 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Fineprint (Basingstoke) Limited (Registered number: 03886746)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 13,593 19,592
13,593 22,092

CURRENT ASSETS
Debtors 6 59,757 65,848
Cash at bank and in hand 38,139 42,451
97,896 108,299
CREDITORS
Amounts falling due within one year 7 56,607 57,541
NET CURRENT ASSETS 41,289 50,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,882

72,850

CREDITORS
Amounts falling due after more than one
year

8

(9,470

)

(18,391

)

PROVISIONS FOR LIABILITIES 11 (1,856 ) (2,884 )
NET ASSETS 43,556 51,575

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 43,456 51,475
SHAREHOLDERS' FUNDS 43,556 51,575

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.

Fineprint (Basingstoke) Limited (Registered number: 03886746)

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 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 12 February 2024 and were signed on its behalf by:





M J Woolhouse - Director


Fineprint (Basingstoke) Limited (Registered number: 03886746)

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


1. STATUTORY INFORMATION

Fineprint (Basingstoke) 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 2021, is being amortised evenly over its estimated useful life of two 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 - 20% on reducing balance
Fixtures and fittings - 25% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Fineprint (Basingstoke) Limited (Registered number: 03886746)

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, adjusted for indexation where applicable.

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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023 7,500
Amortisation for year 2,500
At 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 2,500

Fineprint (Basingstoke) Limited (Registered number: 03886746)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 308,057 4,307 312,364
Disposals (29,500 ) - (29,500 )
At 31 December 2023 278,557 4,307 282,864
DEPRECIATION
At 1 January 2023 288,865 3,907 292,772
Charge for year 3,348 201 3,549
Eliminated on disposal (27,050 ) - (27,050 )
At 31 December 2023 265,163 4,108 269,271
NET BOOK VALUE
At 31 December 2023 13,394 199 13,593
At 31 December 2022 19,192 400 19,592

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £7,680 (2022 - £9,600).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 45,333 42,469
Other debtors 14,424 23,379
59,757 65,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,964 4,905
Hire purchase contracts (see note 9) 3,917 3,917
Trade creditors 28,826 33,904
Taxation and social security 5,537 2,210
Other creditors 13,363 12,605
56,607 57,541

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,512 12,516
Hire purchase contracts (see note 9) 1,958 5,875
9,470 18,391

Fineprint (Basingstoke) Limited (Registered number: 03886746)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 3,917 3,917
Between one and five years 1,958 5,875
5,875 9,792

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 45,254 45,254
Between one and five years 58,772 138,742
104,026 183,996

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 5,875 9,792

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,856 2,884

Deferred
tax
£   
Balance at 1 January 2023 2,884
Accelerated capital allowances (1,028 )
Balance at 31 December 2023 1,856

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100