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REGISTERED NUMBER: 01556065 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GENERAL PRINT MATERIALS LIMITED

GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GENERAL PRINT MATERIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P C Johnson
M J Holmes





SECRETARY: M J Holmes





REGISTERED OFFICE: 3 Marlborough Drive
Fleckney
Leicester
Leicestershire
LE8 8UR





REGISTERED NUMBER: 01556065 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 442,563 469,303
Investments 5 1 1
442,564 469,304

CURRENT ASSETS
Stocks 124,501 187,661
Debtors 6 118,086 98,640
Cash at bank and in hand 567,015 523,867
809,602 810,168
CREDITORS
Amounts falling due within one year 7 404,746 416,418
NET CURRENT ASSETS 404,856 393,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,420

863,054

PROVISIONS FOR LIABILITIES - 401
NET ASSETS 847,420 862,653

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 8 202,609 209,144
Retained earnings 619,811 628,509
SHAREHOLDERS' FUNDS 847,420 862,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)

BALANCE SHEET - continued
30 JUNE 2024


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 22 August 2024 and were signed on its behalf by:





M J Holmes - Director


GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

General Print Materials 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 768,150 446,728 22,132 29,013 1,266,023
DEPRECIATION
At 1 July 2023 326,599 437,262 18,353 14,506 796,720
Charge for year 13,642 4,758 1,087 7,253 26,740
At 30 June 2024 340,241 442,020 19,440 21,759 823,460
NET BOOK VALUE
At 30 June 2024 427,909 4,708 2,692 7,254 442,563
At 30 June 2023 441,551 9,466 3,779 14,507 469,303

Included in cost or valuation of land and buildings is freehold land of £ 86,055 (2023 - £ 86,055 ) which is not depreciated.

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2017 326,774 - - - 326,774
Cost 441,376 446,728 22,132 29,013 939,249
768,150 446,728 22,132 29,013 1,266,023

GENERAL PRINT MATERIALS LIMITED (REGISTERED NUMBER: 01556065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 109,182 97,223
Amounts owed by group undertakings - 1,205
Prepayments 8,904 212
118,086 98,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 101,198 123,188
Amounts owed to group undertakings 251,041 229,193
Tax 5,173 7,947
Social security and other taxes 1,969 1,904
VAT 33,621 32,919
Accrued expenses 11,744 21,267
404,746 416,418

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 209,144
Transfer between reserves (6,535 )

At 30 June 2024 202,609