Storm Print and Design Limited 06427602 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of supplying print production and design services. Digita Accounts Production Advanced 6.30.9574.0 true true 06427602 2022-12-01 2023-11-30 06427602 2023-11-30 06427602 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-11-30 06427602 core:CurrentFinancialInstruments 2023-11-30 06427602 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 06427602 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 06427602 core:FurnitureFittingsToolsEquipment 2023-11-30 06427602 core:LandBuildings 2023-11-30 06427602 core:MotorVehicles 2023-11-30 06427602 bus:SmallEntities 2022-12-01 2023-11-30 06427602 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06427602 bus:FilletedAccounts 2022-12-01 2023-11-30 06427602 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06427602 bus:RegisteredOffice 2022-12-01 2023-11-30 06427602 bus:Director1 2022-12-01 2023-11-30 06427602 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-01 2023-11-30 06427602 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06427602 core:ComputerEquipment 2022-12-01 2023-11-30 06427602 core:FurnitureFittings 2022-12-01 2023-11-30 06427602 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 06427602 core:LandBuildings 2022-12-01 2023-11-30 06427602 core:MotorVehicles 2022-12-01 2023-11-30 06427602 countries:England 2022-12-01 2023-11-30 06427602 2022-11-30 06427602 core:FurnitureFittingsToolsEquipment 2022-11-30 06427602 core:LandBuildings 2022-11-30 06427602 core:MotorVehicles 2022-11-30 06427602 2021-12-01 2022-11-30 06427602 2022-11-30 06427602 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-11-30 06427602 core:CurrentFinancialInstruments 2022-11-30 06427602 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 06427602 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 06427602 core:FurnitureFittingsToolsEquipment 2022-11-30 06427602 core:LandBuildings 2022-11-30 06427602 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Storm Print and Design Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

Registration number: 06427602

 

Storm Print and Design Limited

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Storm Print and Design Limited

(Registration number: 06427602)
Statement of financial position as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

6,020

12,370

Current assets

 

Debtors

6

24,296

23,484

Cash at bank and in hand

 

53,005

73,517

 

77,301

97,001

Creditors: Amounts falling due within one year

7

(39,731)

(54,066)

Net current assets

 

37,570

42,935

Total assets less current liabilities

 

43,590

55,305

Creditors: Amounts falling due after more than one year

7

(15,888)

(25,001)

Net assets

 

27,702

30,304

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

27,602

30,204

Shareholders' funds

 

27,702

30,304

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Storm Print and Design Limited

(Registration number: 06427602)
Statement of financial position as at 30 November 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr B Colverson
Director

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Computer equipment

33% straight line

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

860

2,770

5

Tangible assets

Fixtures and Fittings
£

Computer equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

8,600

2,186

11,700

22,486

Disposals

-

(2,186)

(11,700)

(13,886)

At 30 November 2023

8,600

-

-

8,600

Depreciation

At 1 December 2022

1,720

2,180

6,216

10,116

Charge for the year

860

-

-

860

Eliminated on disposal

-

(2,180)

(6,216)

(8,396)

At 30 November 2023

2,580

-

-

2,580

Carrying amount

At 30 November 2023

6,020

-

-

6,020

At 30 November 2022

6,880

6

5,484

12,370

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

2023
£

2022
£

Trade debtors

19,800

5,338

Other debtors

4,496

18,146

24,296

23,484

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

22,260

32,172

Taxation and social security

 

2,721

1,262

Accruals and deferred income

 

4,500

3,000

Other creditors

 

250

7,632

 

39,731

54,066

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

15,888

25,001

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100