Registration number:
Printslinger Limited
for the Year Ended 31 December 2023
Pages for filing with Registrar
Printslinger Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Printslinger Limited
Company Information
Director |
G A R Sawday |
Registered office |
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Registered number |
10459986 |
Accountant |
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Printslinger Limited
(Registration number: 10459986)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Stocks |
11,315 |
30,655 |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Capital contribution reserve |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
Printslinger Limited
(Registration number: 10459986)
Balance Sheet as at 31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Printslinger Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The directors have prepared the financial statements on a going concern basis. Although the balance sheet shows a net current liability, there has been a release of a new book which is selling well, as well as two more new books in production. The director has indicated their intension to support the company for the 12 month period from the date of approval of these financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Printslinger Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured 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.
Trade creditors
Trade creditors are recognised at the transaction price.
Borrowings
The company’s borrowings include an interest-free loan. Financing transactions such as these are measured at the present value of the future payments discounted at a market rate of interest for a similar instrument. The difference between the transaction value of the loan and the net present value of the future payments is presented as a capital contribution into reserves. A transfer from the capital contribution is made each year for the interest charge which is calculated using the market rate of interest.
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.
Employee benefits
The costs of short-term employee benefits, including the cost of any unused holiday entitlement, are recognised as a liability and an expense in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Printslinger Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors: amounts falling due within one year |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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Creditors |
2023 |
2022 |
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Amounts falling due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
55 |
2,472 |
Accruals and deferred income |
32,035 |
42,978 |
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2023 |
2022 |
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Director's loan account |
67,088 |
52,338 |
The director's loan account consists of a loan which carries an interest rate of 8%. The loan is due for repayment on the 30th November 2025.
Printslinger Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Share capital |
Allotted and called up shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |