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REGISTERED NUMBER: 05602198 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

A1 Press Ltd

A1 Press Ltd (Registered number: 05602198)






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


A1 Press Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G P Nattriss
J R Want





REGISTERED OFFICE: Unit 715C
Thorp Arch Estate
Wetherby
LS23 7FY





REGISTERED NUMBER: 05602198 (England and Wales)





ACCOUNTANTS: Franks Accountants Limited
First Floor
Equinox 1
Audby Lane
Wetherby
West Yorkshire
LS22 7RD

A1 Press Ltd (Registered number: 05602198)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 7,500
Tangible assets 5 626,217 673,824
631,217 681,324

CURRENT ASSETS
Stocks 12,500 20,000
Debtors 6 94,536 106,151
Cash at bank 6,900 5,308
113,936 131,459
CREDITORS
Amounts falling due within one year 7 374,707 399,237
NET CURRENT LIABILITIES (260,771 ) (267,778 )
TOTAL ASSETS LESS CURRENT LIABILITIES 370,446 413,546

CREDITORS
Amounts falling due after more than one
year

8

257,030

297,531
NET ASSETS 113,416 116,015

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 63,089 63,089
Retained earnings 50,227 52,826
113,416 116,015

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.

A1 Press Ltd (Registered number: 05602198)

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 by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





G P Nattriss - Director


A1 Press Ltd (Registered number: 05602198)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

A1 Press 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

A1 Press Ltd (Registered number: 05602198)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023 42,500
Charge for year 2,500
At 31 December 2023 45,000
NET BOOK VALUE
At 31 December 2023 5,000
At 31 December 2022 7,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 585,000 428,611 1,013,611
Additions - 9,250 9,250
Disposals - (117,283 ) (117,283 )
At 31 December 2023 585,000 320,578 905,578
DEPRECIATION
At 1 January 2023 - 339,787 339,787
Charge for year - 7,162 7,162
Eliminated on disposal - (67,588 ) (67,588 )
At 31 December 2023 - 279,361 279,361
NET BOOK VALUE
At 31 December 2023 585,000 41,217 626,217
At 31 December 2022 585,000 88,824 673,824

A1 Press Ltd (Registered number: 05602198)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 103,483
DEPRECIATION
At 1 January 2023
and 31 December 2023 103,483
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 94,536 106,151

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 153,437 169,231
Hire purchase contracts 2,444 2,880
Trade creditors 60,273 82,098
Taxation and social security 88,534 85,709
Other creditors 70,019 59,319
374,707 399,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 257,030 292,232
Hire purchase contracts - 5,299
257,030 297,531

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 257,030 292,232

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 63,089

A1 Press Ltd (Registered number: 05602198)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors : amounts falling due within one year is an amount owed to the directors of £65,117 (2022 - £57,700). No interest is charged in respect of this amount.