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REGISTERED NUMBER: 13327470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRESSPLUS HOLDINGS LTD

PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESSPLUS HOLDINGS LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: P D Moulds
Mrs N L Moulds
D A Cooper
Mrs J A Goss





REGISTERED OFFICE: 75 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AP





REGISTERED NUMBER: 13327470 (England and Wales)





ACCOUNTANTS: Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP

PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 250,120 250,120

CURRENT ASSETS
Debtors 5 3,854 51,036
Cash at bank 939 7,665
4,793 58,701
CREDITORS
Amounts falling due within one year 6 74,296 205,623
NET CURRENT LIABILITIES (69,503 ) (146,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,617

103,198

CREDITORS
Amounts falling due after more than one
year

7

171,388

85,196
NET ASSETS 9,229 18,002

CAPITAL AND RESERVES
Called up share capital 123 123
Retained earnings 9,106 17,879
SHAREHOLDERS' FUNDS 9,229 18,002

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

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

PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





P D Moulds - Director


PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

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

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

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.

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 4 (2022 - 3 ) .

PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 250,120
NET BOOK VALUE
At 31 December 2023 250,120
At 31 December 2022 250,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,854 16,033
Other debtors - 35,003
3,854 51,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,000 -
Amounts owed to group undertakings 18,098 122,696
Taxation and social security 9,765 18,400
Other creditors 45,433 64,527
74,296 205,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 171,388 85,196

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
P D Moulds
Balance outstanding at start of year - 20
Amounts repaid (2,000 ) (20 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,000 ) -

PRESSPLUS HOLDINGS LTD (REGISTERED NUMBER: 13327470)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Balances on the Directors' current accounts are interest free.

During the year the director, Mr P Moulds, lent the company £100,000, this loan bears an interest rate of 20% and is unsecured and repayable on demand. The company may make repayments as it sees fit and Mr Moulds has indicated that he does not intend to demand any repayment of the loan until at least 12 months after the year end.