Company registration number 05180216 (England and Wales)
PRINT MONKEY (UK) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PRINT MONKEY (UK) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PRINT MONKEY (UK) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
121,486
127,812
Current assets
Debtors
4
101,279
113,326
Cash at bank and in hand
1,571
32,741
102,850
146,067
Creditors: amounts falling due within one year
5
(41,036)
(46,983)
Net current assets
61,814
99,084
Total assets less current liabilities
183,300
226,896
Creditors: amounts falling due after more than one year
6
(62,149)
(76,530)
Provisions for liabilities
(465)
(1,084)
Net assets
120,686
149,282
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
120,586
149,182
Total equity
120,686
149,282

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PRINT MONKEY (UK) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
Ms E J Moore
Director
Company Registration No. 05180216
PRINT MONKEY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Print Monkey (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit F, Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

For reasons of commercial convenience, the company has extended it's account period and these accounts cover the 18 month period 1 July 2020 to 31 December 2021. The comparative figures, being for the year ended 30 June 2020 and related notes are, therefore, not entirely comparable.

1.3
Turnover

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

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% on cost
Improvements to property
10% on cost
Fixtures and fittings
25% on reducing balance
Computer equipment
25% on reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

PRINT MONKEY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax represents the amount of tax payable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting end date 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.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

 

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised as it falls due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Year was:

2023
2022
Number
Number
Total
2
2
PRINT MONKEY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
195,623
28,391
224,014
Additions
-
0
1,080
1,080
At 31 December 2023
195,623
29,471
225,094
Depreciation and impairment
At 1 January 2023
69,900
26,302
96,202
Depreciation charged in the Year
6,682
724
7,406
At 31 December 2023
76,582
27,026
103,608
Carrying amount
At 31 December 2023
119,041
2,445
121,486
At 31 December 2022
125,723
2,089
127,812
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
35,830
47,914
Other debtors
65,449
65,412
101,279
113,326
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
14,398
13,838
Trade creditors
14,679
12,144
Taxation and social security
8,616
17,513
Other creditors
3,343
3,488
41,036
46,983

Included within bank loans due within one year is £8,842 (2022: £8,282) secured against the freehold property.

PRINT MONKEY (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
62,149
76,530

Included within bank loans due after more than one year is £32,057 (2022: £40,883) secured against the freehold property.

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
8,748
14,281
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
4,259
3,604
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