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REGISTERED NUMBER: 01231818 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SCREENS AND GRAPHICS LIMITED

SCREENS AND GRAPHICS LIMITED (REGISTERED NUMBER: 01231818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCREENS AND GRAPHICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J R Lewis
J Lewis





SECRETARY: J Lewis





REGISTERED OFFICE: 25 High Street
Cottenham
Cambridge
Cambridgeshire
CB24 8SA





REGISTERED NUMBER: 01231818 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
24 High Street
Saffron Walden
Essex
CB10 1AX

SCREENS AND GRAPHICS LIMITED (REGISTERED NUMBER: 01231818)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,568 105,117

CURRENT ASSETS
Stocks 5 21,656 20,662
Debtors 6 127,364 114,717
Cash at bank 76,623 105,744
225,643 241,123
CREDITORS
Amounts falling due within one year 7 108,795 111,653
NET CURRENT ASSETS 116,848 129,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,416

234,587

PROVISIONS FOR LIABILITIES 19,142 26,279
NET ASSETS 174,274 208,308

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 174,264 208,298
SHAREHOLDERS' FUNDS 174,274 208,308

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 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 10 July 2024 and were signed on its behalf by:





J R Lewis - Director


SCREENS AND GRAPHICS LIMITED (REGISTERED NUMBER: 01231818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Screens And Graphics 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes. Revenue is recognised when goods are delivered to the customer, such that the risks and rewards of ownership have passed to them.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

SCREENS AND GRAPHICS LIMITED (REGISTERED NUMBER: 01231818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 344,186 73,148 18,495 197,628 633,457
Additions - - - 2,682 2,682
Disposals (2,387 ) (6,641 ) - (35,529 ) (44,557 )
At 31 December 2023 341,799 66,507 18,495 164,781 591,582
DEPRECIATION
At 1 January 2023 262,822 62,489 16,075 186,954 528,340
Charge for year 20,340 1,600 604 3,340 25,884
Eliminated on disposal (2,121 ) (4,986 ) - (32,103 ) (39,210 )
At 31 December 2023 281,041 59,103 16,679 158,191 515,014
NET BOOK VALUE
At 31 December 2023 60,758 7,404 1,816 6,590 76,568
At 31 December 2022 81,364 10,659 2,420 10,674 105,117

5. STOCKS
2023 2022
£    £   
Stocks 21,656 20,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,900 108,548
Prepayments 6,464 6,169
127,364 114,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,644 19,791
Corporation tax 18,668 19,559
Social security and other taxes 9,330 8,390
VAT 50,339 42,845
Other creditors 1,341 1,444
Directors' current accounts 44 44
Accrued expenses 16,429 19,580
108,795 111,653

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 39,910 39,910
Between one and five years 59,375 96,875
99,285 136,785