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REGISTERED NUMBER: 08791157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gary Prince Publications Limited

Gary Prince Publications Limited (Registered number: 08791157)






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


Gary Prince Publications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G Prince





SECRETARY:





REGISTERED OFFICE: 8 Barton Lane
Barton on Sea
New Milton
Hampshire
BH25 7PL





REGISTERED NUMBER: 08791157 (England and Wales)





ACCOUNTANTS: Smarter Business Consultancy Ltd
8 Barton Lane
Barton on Sea
New Milton
Hampshire
BH25 7PL

Gary Prince Publications Limited (Registered number: 08791157)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 22,105
Tangible assets 5 2,127 2,502
2,127 24,607

CURRENT ASSETS
Debtors 6 32,510 29,514
Cash at bank 5,106 8,852
37,616 38,366
CREDITORS
Amounts falling due within one year 7 34,730 54,483
NET CURRENT ASSETS/(LIABILITIES) 2,886 (16,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,013

8,490

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 4,813 8,290
5,013 8,490

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 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.

Gary Prince Publications Limited (Registered number: 08791157)

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 director and authorised for issue on 31 July 2024 and were signed by:





G Prince - Director


Gary Prince Publications Limited (Registered number: 08791157)

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

1. STATUTORY INFORMATION

Gary Prince Publications 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 2013, 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.

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.

Gary Prince Publications Limited (Registered number: 08791157)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 221,045
AMORTISATION
At 1 January 2023 198,940
Charge for year 22,105
At 31 December 2023 221,045
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 22,105

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 6,298
DEPRECIATION
At 1 January 2023 3,796
Charge for year 375
At 31 December 2023 4,171
NET BOOK VALUE
At 31 December 2023 2,127
At 31 December 2022 2,502

Gary Prince Publications Limited (Registered number: 08791157)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 29,455 29,420
Other debtors 3,055 94
32,510 29,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 25,373 33,333
Trade creditors (1 ) (1 )
Taxation and social security 7,248 7,659
Other creditors 2,110 13,492
34,730 54,483