IRIS Accounts Production v24.1.0.578 03558360 Board of Directors 28.8.22 27.8.23 27.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035583602022-08-27035583602023-08-27035583602022-08-282023-08-27035583602021-08-31035583602021-09-012022-08-27035583602022-08-2703558360ns15:EnglandWales2022-08-282023-08-2703558360ns14:PoundSterling2022-08-282023-08-2703558360ns10:Director12022-08-282023-08-2703558360ns10:PrivateLimitedCompanyLtd2022-08-282023-08-2703558360ns10:SmallEntities2022-08-282023-08-2703558360ns10:AuditExempt-NoAccountantsReport2022-08-282023-08-2703558360ns10:SmallCompaniesRegimeForDirectorsReport2022-08-282023-08-2703558360ns10:SmallCompaniesRegimeForAccounts2022-08-282023-08-2703558360ns10:FullAccounts2022-08-282023-08-270355836012022-08-282023-08-2703558360ns5:CurrentFinancialInstruments2023-08-2703558360ns5:CurrentFinancialInstruments2022-08-2703558360ns5:Non-currentFinancialInstruments2023-08-2703558360ns5:Non-currentFinancialInstruments2022-08-2703558360ns5:ShareCapital2023-08-2703558360ns5:ShareCapital2022-08-2703558360ns5:RetainedEarningsAccumulatedLosses2023-08-2703558360ns5:RetainedEarningsAccumulatedLosses2022-08-2703558360ns10:RegisteredOffice2022-08-282023-08-2703558360ns5:NetGoodwill2022-08-282023-08-2703558360ns5:IntangibleAssetsOtherThanGoodwill2022-08-282023-08-2703558360ns5:FurnitureFittings2022-08-282023-08-2703558360ns5:MotorVehicles2022-08-282023-08-2703558360ns5:NetGoodwill2022-08-2703558360ns5:NetGoodwill2023-08-2703558360ns5:NetGoodwill2022-08-2703558360ns5:LeaseholdImprovements2022-08-2703558360ns5:PlantMachinery2022-08-2703558360ns5:FurnitureFittings2022-08-2703558360ns5:MotorVehicles2022-08-2703558360ns5:LeaseholdImprovements2022-08-282023-08-2703558360ns5:PlantMachinery2022-08-282023-08-2703558360ns5:LeaseholdImprovements2023-08-2703558360ns5:PlantMachinery2023-08-2703558360ns5:FurnitureFittings2023-08-2703558360ns5:MotorVehicles2023-08-2703558360ns5:LeaseholdImprovements2022-08-2703558360ns5:PlantMachinery2022-08-2703558360ns5:FurnitureFittings2022-08-2703558360ns5:MotorVehicles2022-08-2703558360ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-2703558360ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-27035583601ns10:Director12022-08-27035583601ns10:Director12021-08-31035583601ns10:Director12022-08-282023-08-27035583601ns10:Director12021-09-012022-08-27035583601ns10:Director12023-08-27035583601ns10:Director12022-08-2703558360ns10:Director42022-08-282023-08-2703558360ns10:Director442022-08-2703558360ns10:Director442021-08-3103558360ns10:Director442022-08-282023-08-2703558360ns10:Director442021-09-012022-08-2703558360ns10:Director442023-08-2703558360ns10:Director442022-08-2703558360ns10:Director52022-08-282023-08-27035583605ns10:Director52022-08-27035583605ns10:Director52021-08-31035583605ns10:Director52022-08-282023-08-27035583605ns10:Director52021-09-012022-08-27035583605ns10:Director52023-08-27035583605ns10:Director52022-08-27
REGISTERED NUMBER: 03558360 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 AUGUST 2023

FOR

MEDIA PRINT GROUP LIMITED

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

STATEMENT OF FINANCIAL POSITION
27 AUGUST 2023

27.8.23 27.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 33,298 27,579
33,298 27,579

CURRENT ASSETS
Inventories 33,387 34,329
Debtors 6 728,403 994,291
Cash at bank and in hand 2,751,824 15,754
3,513,614 1,044,374
CREDITORS
Amounts falling due within one year 7 (3,964,683 ) (1,821,032 )
NET CURRENT LIABILITIES (451,069 ) (776,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(417,771

)

(749,079

)

CREDITORS
Amounts falling due after more than one
year

8

(157,261

)

(257,611

)

PROVISIONS FOR LIABILITIES (8,465 ) -
NET LIABILITIES (583,497 ) (1,006,690 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (583,597 ) (1,006,790 )
(583,497 ) (1,006,690 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 August 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.

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

STATEMENT OF FINANCIAL POSITION - continued
27 AUGUST 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 30 April 2024 and were signed on its behalf by:





S Lippitt - Director


MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023


1. STATUTORY INFORMATION

MEDIA PRINT GROUP LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03558360

Registered office: C/o DPC
Stone House, Stone Road Business Park
Stone Road
Stoke on Trent
Staffordshire
ST4 6SR

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance from purchase date

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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 statement of financial position date.

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.

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.

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023


2. ACCOUNTING POLICIES - continued

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 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 August 2022
and 27 August 2023 1,296,205
AMORTISATION
At 28 August 2022
and 27 August 2023 1,296,205
NET BOOK VALUE
At 27 August 2023 -
At 27 August 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 28 August 2022 14,552 98,746 163,918 22,995 300,211
Additions - - 12,458 - 12,458
At 27 August 2023 14,552 98,746 176,376 22,995 312,669
DEPRECIATION
At 28 August 2022 14,552 93,642 145,798 18,640 272,632
Charge for year - 1,281 4,587 871 6,739
At 27 August 2023 14,552 94,923 150,385 19,511 279,371
NET BOOK VALUE
At 27 August 2023 - 3,823 25,991 3,484 33,298
At 27 August 2022 - 5,104 18,120 4,355 27,579

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.8.23 27.8.22
£    £   
Trade debtors 587,993 863,647
Other debtors 140,410 130,644
728,403 994,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.8.23 27.8.22
£    £   
Bank loans and overdrafts 100,904 98,568
Hire purchase contracts 3,494 7,232
Trade creditors 3,395,174 958,587
Taxation and social security 447,160 66,748
Other creditors 17,951 689,897
3,964,683 1,821,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.8.23 27.8.22
£    £   
Bank loans 157,261 257,611

9. SECURED DEBTS

The hire purchase and asset finance liabilities are secured on the related assets.

The invoice finance liability is secured by a fixed and floating charge over the undertaking and all property and assets of the company.

The loan is secured by a fixed and floating charge that covers all the property or undertaking of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 27 August 2023 and the period ended 27 August 2022:

27.8.23 27.8.22
£    £   
S Lippitt
Balance outstanding at start of year (10,785 ) 10,054
Amounts advanced 2,301 360
Amounts repaid (1,000 ) (21,199 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,484 ) (10,785 )

MEDIA PRINT GROUP LIMITED (REGISTERED NUMBER: 03558360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G A Pritchard
Balance outstanding at start of year 48 10,055
Amounts advanced 312 360
Amounts repaid (1,000 ) (10,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (640 ) 48

C M Taylor
Balance outstanding at start of year 48 10,055
Amounts advanced 312 360
Amounts repaid (1,000 ) (10,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (640 ) 48

11. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.