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REGISTERED NUMBER: 04215079 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

EPW PRINT & DESIGN LTD

EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)






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


EPW PRINT & DESIGN LTD

Company Information
for the year ended 31 December 2023







DIRECTOR: J Fawcett





REGISTERED OFFICE: Old Durham Paper Mill
Moreland Street
HARTLEPOOL
Cleveland
TS24 7NL





REGISTERED NUMBER: 04215079 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,567 25,818

CURRENT ASSETS
Debtors 5 146,676 157,009
Cash at bank 3,867 14,375
150,543 171,384
CREDITORS
Amounts falling due within one year 6 17,589 26,715
NET CURRENT ASSETS 132,954 144,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,521

170,487

CREDITORS
Amounts falling due after more than one
year

7

15,316

20,567
NET ASSETS 138,205 149,920

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 137,205 148,920
SHAREHOLDERS' FUNDS 138,205 149,920

EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)

Balance Sheet - continued
31 December 2023


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 director acknowledges his 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.

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 director and authorised for issue on 19 September 2024 and were signed by:





J Fawcett - Director


EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

EPW Print & Design Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% straight line

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rental payable under operating leases are charged against income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 26,256
DEPRECIATION
At 1 January 2023 438
Charge for year 5,251
At 31 December 2023 5,689
NET BOOK VALUE
At 31 December 2023 20,567
At 31 December 2022 25,818

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 26,256
DEPRECIATION
At 1 January 2023 438
Charge for year 5,251
At 31 December 2023 5,689
NET BOOK VALUE
At 31 December 2023 20,567
At 31 December 2022 25,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,507 6,809
Amounts owed by group undertakings 138,000 138,000
Other debtors 873 2,813
Due from related business 3,918 7,703
VAT 378 1,684
146,676 157,009

EPW PRINT & DESIGN LTD (REGISTERED NUMBER: 04215079)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Finance leases 5,251 5,251
Trade creditors 4,135 12,008
Tax - 873
Social security and other taxes 103 683
Due to related company 5,900 5,900
Accrued expenses 2,200 2,000
17,589 26,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 15,316 20,567

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Finance leases 20,567 25,818

9. RELATED PARTY DISCLOSURES

Balances between this company and the holding company were:

Print Factory Holdings Ltd
Other debtors 138,000 138,000
Other creditors 5,900 5,900





10. ULTIMATE CONTROLLING PARTY

The parent company is The Print Factory Holdings Limited, a company incorporated in England, registered at Moreland Street, Hartlepool.