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REGISTERED NUMBER: 00961186 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

The Doveton Press Limited

The Doveton Press Limited (Registered number: 00961186)






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


The Doveton Press Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M M Savage
G J Savage





REGISTERED OFFICE: 15 Willway Street
Bedminster
BRISTOL
Avon
BS3 4BG





REGISTERED NUMBER: 00961186 (England and Wales)

The Doveton Press Limited (Registered number: 00961186)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,731 12,150
Tangible assets 5 825,721 975,702
834,452 987,852

CURRENT ASSETS
Stocks 3,000 15,000
Debtors 6 369,440 632,522
Cash at bank 809,153 599,199
1,181,593 1,246,721
CREDITORS
Amounts falling due within one year 7 387,884 496,766
NET CURRENT ASSETS 793,709 749,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,628,161

1,737,807

CREDITORS
Amounts falling due after more than one
year

8

-

(52,564

)

PROVISIONS FOR LIABILITIES (152,510 ) (144,404 )
NET ASSETS 1,475,651 1,540,839

CAPITAL AND RESERVES
Called up share capital 42 42
Capital redemption reserve 58 58
Retained earnings 1,475,551 1,540,739
SHAREHOLDERS' FUNDS 1,475,651 1,540,839

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.

The Doveton Press Limited (Registered number: 00961186)

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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





G J Savage - Director


The Doveton Press Limited (Registered number: 00961186)

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

1. STATUTORY INFORMATION

The Doveton Press 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. Turnover is reduced for customer returns, rebates or other similar allowances and is net of value added taxes. Turnover includes revenue earned from the sale of goods and services.

Revenue from the sale of goods and services is recognised when all of the following conditions are satisfied:
- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction can be measured reliably.

Specifically, revenue from the sale of goods is primarily recognised on despatch of goods to the customer.

Goodwill
Goodwill includes the purchase of a customer list in 2013, which is being amortised evenly over its estimated useful life of ten years.

Other intangible assets
Other intangible assets comprise of website development costs, which are to be amortised evenly over its estimated useful economic life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line basis
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold land is not depreciated.


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 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 Doveton Press Limited (Registered number: 00961186)

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.

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.

Government grants
Government grants are accounted for on the accrual model where they are classified as grants relating to assets. Grants relating to assets are recognised on a systematic basis over the expected useful life of the asset.

Going concern
The financial statements have been prepared on a going concern basis as the company has the continued support of the group and its directors. The directors have considered the material uncertainties that the COVID-19 pandemic has had on the business, have acted accordingly and are satisfied that sufficient measures have been taken to satisfy themselves that the accounts can continue to be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 85,500 17,095 102,595
AMORTISATION
At 1 January 2023 85,500 4,945 90,445
Amortisation for year - 3,419 3,419
At 31 December 2023 85,500 8,364 93,864
NET BOOK VALUE
At 31 December 2023 - 8,731 8,731
At 31 December 2022 - 12,150 12,150

The Doveton Press Limited (Registered number: 00961186)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 303,142 2,358,395 50,480
Additions - 6,570 -
At 31 December 2023 303,142 2,364,965 50,480
DEPRECIATION
At 1 January 2023 76,696 1,663,537 44,964
Charge for year 5,339 139,522 551
At 31 December 2023 82,035 1,803,059 45,515
NET BOOK VALUE
At 31 December 2023 221,107 561,906 4,965
At 31 December 2022 226,446 694,858 5,516

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 106,271 114,043 2,932,331
Additions - 1,221 7,791
At 31 December 2023 106,271 115,264 2,940,122
DEPRECIATION
At 1 January 2023 76,328 95,104 1,956,629
Charge for year 7,486 4,874 157,772
At 31 December 2023 83,814 99,978 2,114,401
NET BOOK VALUE
At 31 December 2023 22,457 15,286 825,721
At 31 December 2022 29,943 18,939 975,702

Included in cost of land and buildings is freehold land of £ 36,112 (2022 - £ 36,112 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 346,291 566,354
Other debtors 9,120 13,762
Corporation Tax recoverable - 41,696
VAT 1,356 2,887
Prepayments and accrued income 12,673 7,823
369,440 632,522

The Doveton Press Limited (Registered number: 00961186)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 34,564 33,333
Trade creditors 265,461 362,808
Taxation 21,306 25,513
Social security and other taxes 19,295 18,627
Other creditors 5,003 616
Directors' current accounts 16,181 27,182
Accrued expenses 8,074 10,687
Deferred government grants 18,000 18,000
387,884 496,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 34,564
Deferred government grants - 18,000
- 52,564

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 34,564 67,897

Hire purchase liabilities are secured on the assets to which the contracts relate.

10. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by M M Savage and G J Savage.