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Company Registration No. 5296367 (England and Wales)
Hatley Print Limited Unaudited accounts for the year ended 31 December 2023
Hatley Print Limited Unaudited accounts Contents
Page
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Hatley Print Limited Company Information for the year ended 31 December 2023
Directors
Louise Hatley Daniel Rumsey Williams
Company Number
5296367 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Hatley Print Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,156 
12,450 
Current assets
Inventories
13,802 
8,652 
Debtors
29,130 
23,910 
Cash at bank and in hand
271,420 
248,750 
314,352 
281,312 
Creditors: amounts falling due within one year
(107,944)
(83,981)
Net current assets
206,408 
197,331 
Total assets less current liabilities
217,564 
209,781 
Provisions for liabilities
Deferred tax
(2,789)
(2,234)
Net assets
214,775 
207,547 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
213,775 
206,547 
Shareholders' funds
214,775 
207,547 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by
Daniel Rumsey Williams Director Company Registration No. 5296367
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Hatley Print Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Hatley Print Limited is a private company, limited by shares, registered in England and Wales, registration number 5296367. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 year straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Hatley Print Limited Notes to the Accounts for the year ended 31 December 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
30,626 
5,527 
1,041 
37,194 
Additions
- 
- 
532 
532 
At 31 December 2023
30,626 
5,527 
1,573 
37,726 
Depreciation
At 1 January 2023
19,706 
4,691 
347 
24,744 
Charge for the year
1,092 
209 
525 
1,826 
At 31 December 2023
20,798 
4,900 
872 
26,570 
Net book value
At 31 December 2023
9,828 
627 
701 
11,156 
At 31 December 2022
10,920 
836 
694 
12,450 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,298 
19,251 
Accrued income and prepayments
7,539 
1,499 
Other debtors
3,293 
3,160 
29,130 
23,910 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,202 
8,445 
Obligations under finance leases and hire purchase contracts
697 
- 
Trade creditors
8,420 
3,087 
Taxes and social security
39,469 
36,744 
Other creditors
1,104 
528 
Loans from directors
46,627 
26,752 
Accruals
8,425 
8,425 
107,944 
83,981 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
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Hatley Print Limited Notes to the Accounts for the year ended 31 December 2023
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,330 
3,330 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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