2023-04-012024-03-312024-03-31false01403800LEEDS GRAPHIC PRESS LIMITED2024-08-2918129iso4217:GBPxbrli:pure014038002023-04-01014038002024-03-31014038002023-04-012024-03-31014038002022-04-01014038002023-03-31014038002022-04-012023-03-3101403800bus:SmallEntities2023-04-012024-03-3101403800bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3101403800bus:FullAccounts2023-04-012024-03-3101403800bus:PrivateLimitedCompanyLtd2023-04-012024-03-3101403800core:WithinOneYear2024-03-3101403800core:AfterOneYear2024-03-3101403800core:WithinOneYear2023-03-3101403800core:AfterOneYear2023-03-3101403800core:ShareCapital2024-03-3101403800core:SharePremium2024-03-3101403800core:RevaluationReserve2024-03-3101403800core:OtherReservesSubtotal2024-03-3101403800core:RetainedEarningsAccumulatedLosses2024-03-3101403800core:ShareCapital2023-03-3101403800core:SharePremium2023-03-3101403800core:RevaluationReserve2023-03-3101403800core:OtherReservesSubtotal2023-03-3101403800core:RetainedEarningsAccumulatedLosses2023-03-3101403800core:LandBuildings2024-03-3101403800core:PlantMachinery2024-03-3101403800core:Vehicles2024-03-3101403800core:FurnitureFittings2024-03-3101403800core:OfficeEquipment2024-03-3101403800core:NetGoodwill2024-03-3101403800core:IntangibleAssetsOtherThanGoodwill2024-03-3101403800core:ListedExchangeTraded2024-03-3101403800core:UnlistedNon-exchangeTraded2024-03-3101403800core:LandBuildings2023-03-3101403800core:PlantMachinery2023-03-3101403800core:Vehicles2023-03-3101403800core:FurnitureFittings2023-03-3101403800core:OfficeEquipment2023-03-3101403800core:NetGoodwill2023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-03-3101403800core:ListedExchangeTraded2023-03-3101403800core:UnlistedNon-exchangeTraded2023-03-3101403800core:LandBuildings2023-04-012024-03-3101403800core:PlantMachinery2023-04-012024-03-3101403800core:Vehicles2023-04-012024-03-3101403800core:FurnitureFittings2023-04-012024-03-3101403800core:OfficeEquipment2023-04-012024-03-3101403800core:NetGoodwill2023-04-012024-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101403800core:ListedExchangeTraded2023-04-012024-03-3101403800core:UnlistedNon-exchangeTraded2023-04-012024-03-3101403800core:MoreThanFiveYears2023-04-012024-03-3101403800core:Non-currentFinancialInstruments2024-03-3101403800core:Non-currentFinancialInstruments2023-03-3101403800dpl:CostSales2023-04-012024-03-3101403800dpl:DistributionCosts2023-04-012024-03-3101403800core:LandBuildings2023-04-012024-03-3101403800core:PlantMachinery2023-04-012024-03-3101403800core:Vehicles2023-04-012024-03-3101403800core:FurnitureFittings2023-04-012024-03-3101403800core:OfficeEquipment2023-04-012024-03-3101403800dpl:AdministrativeExpenses2023-04-012024-03-3101403800core:NetGoodwill2023-04-012024-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101403800dpl:GroupUndertakings2023-04-012024-03-3101403800dpl:ParticipatingInterests2023-04-012024-03-3101403800dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3101403800core:ListedExchangeTraded2023-04-012024-03-3101403800dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3101403800core:UnlistedNon-exchangeTraded2023-04-012024-03-3101403800dpl:CostSales2022-04-012023-03-3101403800dpl:DistributionCosts2022-04-012023-03-3101403800core:LandBuildings2022-04-012023-03-3101403800core:PlantMachinery2022-04-012023-03-3101403800core:Vehicles2022-04-012023-03-3101403800core:FurnitureFittings2022-04-012023-03-3101403800core:OfficeEquipment2022-04-012023-03-3101403800dpl:AdministrativeExpenses2022-04-012023-03-3101403800core:NetGoodwill2022-04-012023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101403800dpl:GroupUndertakings2022-04-012023-03-3101403800dpl:ParticipatingInterests2022-04-012023-03-3101403800dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3101403800core:ListedExchangeTraded2022-04-012023-03-3101403800dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3101403800core:UnlistedNon-exchangeTraded2022-04-012023-03-3101403800core:NetGoodwill2024-03-3101403800core:IntangibleAssetsOtherThanGoodwill2024-03-3101403800core:LandBuildings2024-03-3101403800core:PlantMachinery2024-03-3101403800core:Vehicles2024-03-3101403800core:FurnitureFittings2024-03-3101403800core:OfficeEquipment2024-03-3101403800core:AfterOneYear2024-03-3101403800core:WithinOneYear2024-03-3101403800core:ListedExchangeTraded2024-03-3101403800core:UnlistedNon-exchangeTraded2024-03-3101403800core:ShareCapital2024-03-3101403800core:SharePremium2024-03-3101403800core:RevaluationReserve2024-03-3101403800core:OtherReservesSubtotal2024-03-3101403800core:RetainedEarningsAccumulatedLosses2024-03-3101403800core:NetGoodwill2023-03-3101403800core:IntangibleAssetsOtherThanGoodwill2023-03-3101403800core:LandBuildings2023-03-3101403800core:PlantMachinery2023-03-3101403800core:Vehicles2023-03-3101403800core:FurnitureFittings2023-03-3101403800core:OfficeEquipment2023-03-3101403800core:AfterOneYear2023-03-3101403800core:WithinOneYear2023-03-3101403800core:Liste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LEEDS GRAPHIC PRESS LIMITED

Registered Number
01403800
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

LEEDS GRAPHIC PRESS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

STEAD, David Ian
STEAD, Keith Malcolm
STEAD, Philip Andrew
STEAD, Sylvia

Company Secretary

STEAD, David Ian

Registered Address

Century House 4 Millennium Drive
Holbeck
Leeds
LS11 5BP

Registered Number

01403800 (England and Wales)
LEEDS GRAPHIC PRESS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets343,3741,000
Tangible assets41,739,7121,734,418
Investments540,20040,200
1,823,2861,775,618
Current assets
Stocks622,94820,166
Debtors7399,433332,933
Cash at bank and on hand39,10414,629
461,485367,728
Creditors amounts falling due within one year8(691,451)(616,389)
Net current assets (liabilities)(229,966)(248,661)
Total assets less current liabilities1,593,3201,526,957
Creditors amounts falling due after one year9(698,107)(679,127)
Provisions for liabilities10(106,244)(102,289)
Net assets788,969745,541
Capital and reserves
Called up share capital10,00010,000
Profit and loss account778,969735,541
Shareholders' funds788,969745,541
The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2024, and are signed on its behalf by:
STEAD, David Ian
Director
STEAD, Keith Malcolm
Director

Registered Company No. 01403800
LEEDS GRAPHIC PRESS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.
Operating leases
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 15% reducing balance Fixtures and fittings - 15% reducing balance Vehicles - 25% reducing balance Office equipment - between 4 and 5 years straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year2625
3.Intangible assets
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of Goodwill has been set at 25% Straight line and the asset will be amortised on a annual basis.

Goodwill

Total

££
Cost or valuation
At 01 April 23398,002398,002
Additions50,00050,000
At 31 March 24448,002448,002
Amortisation and impairment
At 01 April 23397,002397,002
Charge for year7,6267,626
At 31 March 24404,628404,628
Net book value
At 31 March 2443,37443,374
At 31 March 231,0001,000
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 April 231,266,7891,959,41042,824221,500191,9843,682,507
Additions-81,150-2542,16783,571
At 31 March 241,266,7892,040,56042,824221,754194,1513,766,078
Depreciation and impairment
At 01 April 23-1,565,16636,984158,937187,0021,948,089
Charge for year-62,0291,4609,4025,38678,277
At 31 March 24-1,627,19538,444168,339192,3882,026,366
Net book value
At 31 March 241,266,789413,3654,38053,4151,7631,739,712
At 31 March 231,266,789394,2445,84062,5634,9821,734,418
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2340,20040,200
At 31 March 2440,20040,200
Net book value
At 31 March 2440,20040,200
At 31 March 2340,20040,200

Notes

1Investments in group undertakings and participating interests
6.Stocks

2024

2023

££
Raw materials and consumables20,99217,581
Work in progress1,9562,585
Total22,94820,166
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables391,206325,219
Prepayments and accrued income8,2277,714
Total399,433332,933
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables187,938149,971
Bank borrowings and overdrafts98,94789,076
Amounts owed to related parties-33,543
Taxation and social security48,41673,256
Finance lease and HP contracts22,6494,044
Other creditors267,960229,459
Accrued liabilities and deferred income65,54137,040
Total691,451616,389
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Creditors are secured over the assets to which they relate.
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts664,090679,127
Other creditors34,017-
Total698,107679,127
The Natwest mortgage is secured via a fixed charge on the property of the company.
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)106,244102,289
Total106,244102,289
11.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £40,000 (2023: £Nil).
12.Related party transactions
Linbob Limited is a 100% subsidiary of Leeds Graphic Press Ltd. At the Balance Sheet date the company was owed £Nil by Leeds Graphic Press Limited (2023: £33,543). The company has recharged expenses for the year to Linbob Limited totalling £Nil (2023: £50,667).