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REGISTERED NUMBER: 06738527 (England and Wales)















PRINT IT (NORTH WEST) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)






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


PRINT IT (NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N Fesmer
Mrs J Fesmer





REGISTERED OFFICE: Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU





REGISTERED NUMBER: 06738527 (England and Wales)






PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,174 87,583

CURRENT ASSETS
Stocks 5 19,440 20,522
Debtors 6 63,478 43,417
Cash at bank and in hand 6,682 52,403
89,600 116,342
CREDITORS
Amounts falling due within one year 7 202,798 137,769
NET CURRENT LIABILITIES (113,198 ) (21,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,976

66,156

CREDITORS
Amounts falling due after more than one
year

8

(59,476

)

(46,577

)

PROVISIONS FOR LIABILITIES - (5,576 )
NET (LIABILITIES)/ASSETS (22,500 ) 14,003

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 10,902 10,902
Profit and loss account (33,502 ) 3,001
SHAREHOLDERS' FUNDS (22,500 ) 14,003

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.

PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

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 11 June 2024 and were signed on its behalf by:





N Fesmer - Director


PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

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

1. STATUTORY INFORMATION

Print It (North West) 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.

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.

Going Concern
The accounts have been prepared on the going concern basis as the directors are satisfied that the company has adequate resources and sufficient cash flows to enable it to meet its liabilities as and when they fall due for a period of not less than 12 months from the date of approval of these financial statements.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks 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 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.

PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

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

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 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 123,370 23,727 32,636 179,733
Additions 75,190 - 12,874 88,064
Disposals - (4,572 ) - (4,572 )
At 31 December 2023 198,560 19,155 45,510 263,225
DEPRECIATION
At 1 January 2023 69,239 8,271 14,640 92,150
Charge for year 16,158 3,794 4,185 24,137
Eliminated on disposal - (3,236 ) - (3,236 )
At 31 December 2023 85,397 8,829 18,825 113,051
NET BOOK VALUE
At 31 December 2023 113,163 10,326 26,685 150,174
At 31 December 2022 54,131 15,456 17,996 87,583


5. STOCKS
2023 2022
£    £   
Stocks 19,440 20,522

PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,723 43,062
Directors' current accounts 1,522 -
Prepayments 1,233 355
63,478 43,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,752 16,889
Other loans 16,987 15,346
Hire purchase contracts 20,731 6,498
Trade creditors 26,965 13,141
Social security and other taxes 23,286 19,242
Other creditors 8,071 735
Directors' current accounts - 1,024
Accrued expenses 79,006 64,894
202,798 137,769

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 18,803 35,790
Hire purchase contracts 40,673 10,787
59,476 46,577

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 61,404 17,285

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £64,570 (2022: £99,214).

PRINT IT (NORTH WEST) LIMITED (REGISTERED NUMBER: 06738527)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
N Fesmer and Mrs J Fesmer
Balance outstanding at start of year - -
Amounts advanced 1,522 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,522 -