Registered number
02289235
Kopykat Printing Limited
Filleted Accounts
31 March 2024
Kopykat Printing Limited
Registered number: 02289235
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 139,164 166,696
Current assets
Stocks 7,000 7,000
Debtors 5 194,763 218,665
Cash at bank and in hand 318,161 434,451
519,924 660,116
Creditors: amounts falling due within one year 6 (236,828) (332,535)
Net current assets 283,096 327,581
Total assets less current liabilities 422,260 494,277
Creditors: amounts falling due after more than one year 7 (23,138) (55,492)
Provisions for liabilities (32,776) (38,355)
Net assets 366,346 400,430
Capital and reserves
Called up share capital 13,100 13,100
Profit and loss account 353,246 387,330
Shareholders' funds 366,346 400,430
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P Moretti-Greene
Director
Approved by the board on 18 September 2024
Kopykat Printing Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The results are presented in £GBP.
Turnover
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 provision of design & printing services including the supply of paper, inks, toners and other related services and materials. Turnover from the provision of these services is invoiced and recognised on completion of each printing job for a customer, all jobs are of short duration.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant, machinery & equipment 15% - 33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Accrued Holiday Pay
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the salary cost of the future holiday entitlement so accrued at the balance sheet date.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 39,012 834,526 873,538
Additions - 8,351 8,351
At 31 March 2024 39,012 842,877 881,889
Depreciation
At 1 April 2023 34,952 671,890 706,842
Charge for the year 974 34,909 35,883
At 31 March 2024 35,926 706,799 742,725
Net book value
At 31 March 2024 3,086 136,078 139,164
At 31 March 2023 4,060 162,636 166,696
5 Debtors 2024 2023
£ £
Trade debtors 160,248 187,544
Other debtors 34,515 31,121
194,763 218,665
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 32,354 29,529
Obligations under finance lease and hire purchase contracts - 13,488
Trade creditors 64,299 134,186
Taxation and social security costs 44,514 54,318
Other creditors 95,661 101,014
236,828 332,535
The hire purchase creditors are secured on the assets concerned.
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 23,138 55,492
8 Pension commitments
The company operates a defined contribution pension scheme, for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there were contributions to be paid over that totaled £716 (2023:£89).
9 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 507,971 665,608
10 Related party transactions
The directors have made a loan to the company. The amount due to the directors at 31st March 2024 was £5,653 (2023 £5,700). The loan is interest free and repayable on demand.

The bank overdraft of the company is supported by a personal guarantee given by the director, Mr P Moretti-Greene in the amount of £40,000.
11 Other information
Kopykat Printing Limited is a private company limited by shares and incorporated in England. Its registered office is:
76 Rivington Street
London
EC2A 3AY
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