Impress Publishing Limited 04362714 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of publishing and fulfilment services for charity Christmas card sales. Digita Accounts Production Advanced 6.30.9574.0 true true 04362714 2023-01-01 2023-12-31 04362714 2023-12-31 04362714 bus:OrdinaryShareClass1 2023-12-31 04362714 core:RetainedEarningsAccumulatedLosses 2023-12-31 04362714 core:ShareCapital 2023-12-31 04362714 core:CurrentFinancialInstruments 2023-12-31 04362714 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04362714 core:MotorVehicles 2023-12-31 04362714 core:OfficeEquipment 2023-12-31 04362714 bus:SmallEntities 2023-01-01 2023-12-31 04362714 bus:Audited 2023-01-01 2023-12-31 04362714 bus:FullAccounts 2023-01-01 2023-12-31 04362714 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04362714 bus:RegisteredOffice 2023-01-01 2023-12-31 04362714 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 04362714 bus:Director2 2023-01-01 2023-12-31 04362714 bus:Director4 2023-01-01 2023-12-31 04362714 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04362714 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04362714 core:ComputerEquipment 2023-01-01 2023-12-31 04362714 core:MotorVehicles 2023-01-01 2023-12-31 04362714 core:OfficeEquipment 2023-01-01 2023-12-31 04362714 1 2023-01-01 2023-12-31 04362714 countries:EnglandWales 2023-01-01 2023-12-31 04362714 2022-12-31 04362714 core:MotorVehicles 2022-12-31 04362714 core:OfficeEquipment 2022-12-31 04362714 2022-01-01 2022-12-31 04362714 2022-12-31 04362714 bus:OrdinaryShareClass1 2022-12-31 04362714 core:RetainedEarningsAccumulatedLosses 2022-12-31 04362714 core:ShareCapital 2022-12-31 04362714 core:CurrentFinancialInstruments 2022-12-31 04362714 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04362714 core:MotorVehicles 2022-12-31 04362714 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04362714

Impress Publishing Limited

Filleted Financial Statements

for the Year Ended 31 December 2023

(filleted for filing purposes)

 

Impress Publishing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Impress Publishing Limited

Company Information

Directors

Mr Jarle Stephen Ronald Tatt

Mrs Diane Christine Tatt

Mr Richard Parsons

Company secretary

Mrs Diane Christine Tatt

Registered office

Appledown House Barton Business Park
New Dover Road Canterbury
Kent
CT1 3TE

Auditors

Batchelor Coop Ltd
Registered Auditors
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

 

Impress Publishing Limited

(Registration number: 04362714)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11,258

18,056

Current assets

 

Stocks

5

25,279

20,441

Debtors

6

726,101

592,859

Cash at bank and in hand

 

170,546

520,545

 

921,926

1,133,845

Creditors: Amounts falling due within one year

7

(562,545)

(700,719)

Net current assets

 

359,381

433,126

Net assets

 

370,639

451,182

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

370,539

451,082

Shareholders' funds

 

370,639

451,182

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mr Jarle Stephen Ronald Tatt
Director

.........................................
Mr Richard Parsons
Director

 

Impress Publishing Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Appledown House Barton Business Park
New Dover Road Canterbury
Kent
CT1 3TE

These financial statements were authorised for issue by the Board on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 16 September 2024 was Mark A Batchelor BSC FCA, who signed for and on behalf of Batchelor Coop Ltd.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The Corporation Tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Impress Publishing Limited

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% of the reducing balance

Computer software

25% of the original cost

Motor vehicles

25% of the reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Impress Publishing Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2022 - 19).

 

Impress Publishing Limited

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

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

35,547

27,838

63,385

Disposals

-

(2,800)

(2,800)

At 31 December 2023

35,547

25,038

60,585

Depreciation

At 1 January 2023

35,524

9,805

45,329

Charge for the year

5

5,536

5,541

Eliminated on disposal

-

(1,543)

(1,543)

At 31 December 2023

35,529

13,798

49,327

Carrying amount

At 31 December 2023

18

11,240

11,258

At 31 December 2022

23

18,033

18,056

5

Stocks

2023
£

2022
£

Other inventories

25,279

20,441

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

669,167

586,455

Amounts owed by related parties

48,855

-

Prepayments

 

6,120

4,478

Other debtors

 

1,959

1,926

   

726,101

592,859

 

Impress Publishing Limited

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

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

415,767

533,587

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

25,000

Taxation and social security

 

124,259

96,742

Other creditors

 

22,519

45,390

 

562,545

700,719

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Parent and ultimate parent undertaking

The company is a 100% subsidiary of the parent

 The company's immediate parent is Impress Publishing Group Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Impress Publishing Group Limited. These financial statements are available upon request from The Registrar of Companies