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REGISTERED NUMBER: 04549763 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OCTOPRESS PRINTERS LIMITED

OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OCTOPRESS PRINTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr T Lacey
Mrs E L Lacey





SECRETARY: Mrs E L Lacey





REGISTERED OFFICE: Unit B10 46 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT





REGISTERED NUMBER: 04549763 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,500 12,000
Tangible assets 5 23,192 27,686
33,692 39,686

CURRENT ASSETS
Stocks 728 728
Debtors 5,576 3,560
Cash at bank 599 844
6,903 5,132
CREDITORS
Amounts falling due within one year (19,802 ) (15,639 )
NET CURRENT LIABILITIES (12,899 ) (10,507 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,793

29,179

CREDITORS
Amounts falling due after more than
one year

(14,149

)

(21,924

)

PROVISIONS FOR LIABILITIES (5,798 ) (5,037 )
NET ASSETS 846 2,218

OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 844 2,216
SHAREHOLDERS' FUNDS 846 2,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2024 and were signed on its behalf by:





Mr T Lacey - Director


OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Octopress Printers 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.

Turnover
Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.



Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022 18,000
Amortisation for year 1,500
At 30 November 2023 19,500
NET BOOK VALUE

At 30 November 2023 10,500
At 30 November 2022 12,000

OCTOPRESS PRINTERS LIMITED (REGISTERED NUMBER: 04549763)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 77,556
Additions 188
At 30 November 2023 77,744
DEPRECIATION
At 1 December 2022 49,870
Charge for year 4,682
At 30 November 2023 54,552
NET BOOK VALUE
At 30 November 2023 23,192
At 30 November 2022 27,686