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REGISTERED NUMBER: 11885178 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

POSITIVE PRINT GROUP LTD

POSITIVE PRINT GROUP LTD (REGISTERED NUMBER: 11885178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POSITIVE PRINT GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D P Sullivan
M J Sullivan
J J Sullivan
A A Dennington





SECRETARY: K Sullivan





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 11885178 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

POSITIVE PRINT GROUP LTD (REGISTERED NUMBER: 11885178)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,013,305 3,013,305

CURRENT ASSETS
Debtors 5 276,146 231,820
Cash at bank 7,376 5,721
283,522 237,541
CREDITORS
Amounts falling due within one year 6 769,976 723,882
NET CURRENT LIABILITIES (486,454 ) (486,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,851

2,526,964

CAPITAL AND RESERVES
Called up share capital 9 10 10
Share premium 2,519,083 2,519,083
Retained earnings 7,758 7,871
SHAREHOLDERS' FUNDS 2,526,851 2,526,964

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.

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 10 September 2024 and were signed on its behalf by:





D P Sullivan - Director


POSITIVE PRINT GROUP LTD (REGISTERED NUMBER: 11885178)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Positive Print Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Positive Print Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of management services, excluding Value Added Tax.

Turnover is recognised once the services have been rendered.

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

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 tax 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.

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 5 (2022 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 3,013,305
NET BOOK VALUE
At 31 December 2023 3,013,305
At 31 December 2022 3,013,305

POSITIVE PRINT GROUP LTD (REGISTERED NUMBER: 11885178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 166,998 108,466
Other debtors 109,148 123,354
276,146 231,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,356 150
Taxation and social security 172,685 128,550
Other creditors 594,935 595,182
769,976 723,882

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 167,254 171,332
Between one and five years 626,060 -
793,314 171,332

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Director's loan account 10,656 10,656
Other creditors 195,281 195,281
205,937 205,937

There is a fixed and floating charge dated 23 May 2019 over all of the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
31.12.21 31.12.20
Number: Class: Nominal value: £    £   
300 Ordinary A £0.01 3 3
300 Ordinary B £0.01 3 3
25 Ordinary C £0.01 - -
306 Ordinary D £0.01 3 3
70 Ordinary E £0.01 1 1
10 10

POSITIVE PRINT GROUP LTD (REGISTERED NUMBER: 11885178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year - -
Amounts advanced 109,016 67,496
Amounts repaid (109,016 ) (67,496 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - -
Amounts advanced 55,832 47,500
Amounts repaid (55,832 ) (47,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year - -
Amounts advanced 48,096 42,496
Amounts repaid (48,096 ) (42,496 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director
Balance outstanding at start of year (10,656 ) (10,656 )
Amounts advanced 52,500 52,500
Amounts repaid (52,500 ) (52,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,656 ) (10,656 )