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REGISTERED NUMBER: 00775106 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

R.K. Print-Coat Instruments Limited

R.K. Print-Coat Instruments Limited (Registered number: 00775106)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


R.K. Print-Coat Instruments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T Kerchiss
Ms H L Jerram
A James
Mrs J L Savory





SECRETARY: T Kerchiss





REGISTERED OFFICE: Abington Road
Litlington
Royston
Hertfordshire
SG8 0QZ





REGISTERED NUMBER: 00775106 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

R.K. Print-Coat Instruments Limited (Registered number: 00775106)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 252,644 219,126

CURRENT ASSETS
Inventories 1,090,408 959,230
Debtors 5 606,581 564,518
Cash at bank and in hand 882,829 863,527
2,579,818 2,387,275
CREDITORS
Amounts falling due within one year 6 (1,188,617 ) (823,120 )
NET CURRENT ASSETS 1,391,201 1,564,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,643,845

1,783,281

PROVISIONS FOR LIABILITIES (31,943 ) (27,790 )
NET ASSETS 1,611,902 1,755,491

CAPITAL AND RESERVES
Called up share capital 10,968 10,968
Share premium 305,680 305,680
Capital redemption reserve 4,032 4,032
Retained earnings 1,291,222 1,434,811
SHAREHOLDERS' FUNDS 1,611,902 1,755,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





T Kerchiss - Director


R.K. Print-Coat Instruments Limited (Registered number: 00775106)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

R.K. Print-Coat Instruments 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

R.K. Print-Coat Instruments Limited (Registered number: 00775106)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 35 (2023 - 34 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 215,325 519,816 368,239 40,400 1,143,780
Additions - 32,059 53,092 - 85,151
At 30 April 2024 215,325 551,875 421,331 40,400 1,228,931
DEPRECIATION
At 1 May 2023 93,483 483,363 320,365 27,443 924,654
Charge for year 10,767 13,696 21,190 5,980 51,633
At 30 April 2024 104,250 497,059 341,555 33,423 976,287
NET BOOK VALUE
At 30 April 2024 111,075 54,816 79,776 6,977 252,644
At 30 April 2023 121,842 36,453 47,874 12,957 219,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 349,292 285,266
Other debtors 175,549 142,857
Tax - 6,904
VAT 81,740 129,491
606,581 564,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 303,732 230,418
Corporation tax 42,420 78,061
Social security and other taxes 35,890 31,238
Other creditors 724,457 479,734
Directors' current accounts 82,118 3,669
1,188,617 823,120