1 December 2022 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP018556772022-12-012023-11-30018556772023-11-30018556772022-11-3001855677core:WithinOneYear2023-11-3001855677core:WithinOneYear2022-11-3001855677core:ShareCapital2023-11-3001855677core:ShareCapital2022-11-3001855677core:RetainedEarningsAccumulatedLosses2023-11-3001855677core:RetainedEarningsAccumulatedLosses2022-11-3001855677bus:Director12022-12-012023-11-3001855677bus:RegisteredOffice2022-12-012023-11-3001855677core:LandBuildings2022-12-012023-11-3001855677core:PlantMachinery2022-12-012023-11-3001855677core:FurnitureFittingsToolsEquipment2022-12-012023-11-30018556772021-12-012022-11-3001855677core:LandBuildings2023-11-3001855677core:PlantMachinery2023-11-3001855677core:LandBuildings2022-12-0101855677core:PlantMachinery2022-12-01018556772022-12-0101855677core:LandBuildings2022-11-3001855677core:PlantMachinery2022-11-300185567712022-12-012023-11-3001855677countries:EnglandWales2022-12-012023-11-3001855677bus:AuditExemptWithAccountantsReport2022-12-012023-11-3001855677bus:PrivateLimitedCompanyLtd2022-12-012023-11-3001855677bus:SmallEntities2022-12-012023-11-3001855677bus:FullAccounts2022-12-012023-11-30
Company registration number:
01855677
Hyndburn Press Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Hyndburn Press Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
9,258
 
11,055
 
Current assets    
Stocks
3,500
 
4,000
 
Debtors 6
8,056
 
4,352
 
Cash at bank and in hand
11,253
 
5,949
 
22,809
 
14,301
 
Creditors: amounts falling due within one year 7
(14,351
)
(10,757
)
Net current assets
8,458
 
3,544
 
Total assets less current liabilities 17,716   14,599  
Provisions for liabilities
(838
)
(1,135
)
Net assets
16,878
 
13,464
 
Capital and reserves    
Called up share capital
11,200
 
11,200
 
Profit and loss account
5,678
 
2,264
 
Shareholders funds
16,878
 
13,464
 
For the 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 August 2024
, and are signed on behalf of the board by:
Mr A Brockbank
Director
Company registration number:
01855677
Hyndburn Press Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Rear 32 Park Street
,
Accrington
,
Lancashire
,
BB5 6RS
.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 50 years
Plant and machinery
25% reducing balance
Fixtures, fittings and equipment
15% - 25% reducing balance

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2022
and
30 November 2023
10,000
 
85,472
 
95,472
 
Depreciation      
At
1 December 2022
6,200
 
78,217
 
84,417
 
Charge -  
1,797
 
1,797
 
At
30 November 2023
6,200
 
80,014
 
86,214
 
Carrying amount      
At
30 November 2023
3,800
 
5,458
 
9,258
 
At 30 November 2022
3,800
 
7,255
 
11,055
 

6 Debtors

20232022
££
Trade debtors
8,056
 
4,352
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
2,888
 
352
 
Taxation and social security
3,787
 
2,479
 
Other creditors
7,676
 
7,926
 
14,351
 
10,757