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REGISTERED NUMBER: 04646231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PRINTERS UK LTD

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRINTERS UK LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: Mr A J Ray





SECRETARY: Mrs C P Ray





REGISTERED OFFICE: The Print Plus Group
Cocker Avenue
Poulton Industrial Estate
Poulton le Fylde
Lancashire
FY6 8JU





REGISTERED NUMBER: 04646231 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 427,453 416,671

CURRENT ASSETS
Stocks 100,000 25,000
Debtors 5 328,308 442,891
Cash at bank and in hand 1,315 1,312
429,623 469,203
CREDITORS
Amounts falling due within one year 6 (337,758 ) (394,230 )
NET CURRENT ASSETS 91,865 74,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,318

491,644

CREDITORS
Amounts falling due after more than one
year

7

(84,485

)

(97,181

)

PROVISIONS FOR LIABILITIES (84,321 ) (60,963 )
NET ASSETS 350,512 333,500

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 350,502 333,490
SHAREHOLDERS' FUNDS 350,512 333,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

BALANCE SHEET - continued
31 March 2024


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 director and authorised for issue on 3 September 2024 and were signed by:





Mr A J Ray - Director


PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Printers UK 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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.
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 115,572 1,378,976 13,597
Additions - 60,250 -
At 31 March 2024 115,572 1,439,226 13,597
DEPRECIATION
At 1 April 2023 38,278 1,052,024 11,600
Charge for year 2,312 42,501 299
At 31 March 2024 40,590 1,094,525 11,899
NET BOOK VALUE
At 31 March 2024 74,982 344,701 1,698
At 31 March 2023 77,294 326,952 1,997

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 17,998 62,088 1,588,231
Additions - - 60,250
At 31 March 2024 17,998 62,088 1,648,481
DEPRECIATION
At 1 April 2023 12,101 57,557 1,171,560
Charge for year 1,474 2,882 49,468
At 31 March 2024 13,575 60,439 1,221,028
NET BOOK VALUE
At 31 March 2024 4,423 1,649 427,453
At 31 March 2023 5,897 4,531 416,671

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 60,250
At 31 March 2024 60,250
DEPRECIATION
Charge for year 4,210
At 31 March 2024 4,210
NET BOOK VALUE
At 31 March 2024 56,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,327 173,552
Amounts owed by group undertakings 151,998 232,667
Tax 43,867 20,560
VAT 19,116 16,112
328,308 442,891

PRINTERS UK LTD (REGISTERED NUMBER: 04646231)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 167,018 176,816
Hire purchase contracts 13,961 -
Trade creditors 96,255 155,386
Tax 45,263 45,025
Social security and other taxes 6,382 6,845
Other creditors 2,042 2,288
Accruals and deferred income 6,837 7,870
337,758 394,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 48,958 97,181
Hire purchase contracts 35,527 -
84,485 97,181

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice finance 101,577 105,613

The invoice finance is secured on the assets of the company.