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ENSIGN GRAPHIC SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2023






ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENSIGN GRAPHIC SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: C English
C L English
O P English





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road,
Woburn Road Industrial Estate, Kempston
Bedford
MK42 7PN





REGISTERED NUMBER: 05015222 (England and Wales)






ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504,051 492,260

CURRENT ASSETS
Stocks 45,000 20,000
Debtors 5 676,953 639,978
Cash at bank and in hand 172,995 19,099
894,948 679,077
CREDITORS
Amounts falling due within one year 6 781,697 583,191
NET CURRENT ASSETS 113,251 95,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,302

588,146

CREDITORS
Amounts falling due after more than one
year

7

(344,388

)

(457,049

)

PROVISIONS FOR LIABILITIES (85,797 ) (29,447 )
NET ASSETS 187,117 101,650

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 186,997 101,530
SHAREHOLDERS' FUNDS 187,117 101,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

BALANCE SHEET - continued
31ST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2024 and were signed on its behalf by:





C English - Director


ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

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

1. STATUTORY INFORMATION

Ensign Graphic Solutions 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 22,465 610,742 16,696
Additions - 44,345 -
At 31st December 2023 22,465 655,087 16,696
DEPRECIATION
At 1st January 2023 14,422 222,663 13,696
Charge for year 2,247 39,547 601
At 31st December 2023 16,669 262,210 14,297
NET BOOK VALUE
At 31st December 2023 5,796 392,877 2,399
At 31st December 2022 8,043 388,079 3,000

ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 131,269 70,007 851,179
Additions 39,187 6,127 89,659
At 31st December 2023 170,456 76,134 940,838
DEPRECIATION
At 1st January 2023 47,414 60,724 358,919
Charge for year 30,760 4,713 77,868
At 31st December 2023 78,174 65,437 436,787
NET BOOK VALUE
At 31st December 2023 92,282 10,697 504,051
At 31st December 2022 83,855 9,283 492,260

The net book value of tangible fixed assets includes £ 350,279 (2022 - £ 415,045 ) in respect of assets held under hire purchase contracts and finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 216,469 249,695
Doubtful debt provision (13,783 ) (13,783 )
Amounts owed by group undertakings 311,500 311,500
Amounts owed by participating interests 70,466 6,903
Other debtors 89,948 78,607
Prepayments 2,353 7,056
676,953 639,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 38,242 39,591
Other loans 40,000 -
Hire purchase contracts and finance leases 109,602 97,023
Trade creditors 231,651 186,989
Other Creditors - 16
Corporation tax (57 ) 53,015
Social security and other taxes 11,797 145,374
VAT 112,731 51,536
Other creditors 2,465 4,230
Directors' current accounts 230,349 -
Accrued expenses 4,917 5,417
781,697 583,191

ENSIGN GRAPHIC SOLUTIONS LIMITED (REGISTERED NUMBER: 05015222)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Due 2-5 Years 64,712 100,392
Hire purchase contracts and finance leases 279,676 356,657
344,388 457,049

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts and finance leases 389,278 453,680

9. ULTIMATE CONTROLLING PARTY

The controlling party is C English.