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Registered Number: 10490183
England and Wales

 

 

 

PRESSEDPLATE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Leigh Stanway
Registered Number 10490183
Registered Office 73 Drubbery Lane
Blurton, Stoke-on-Trent
ST3 4BL
Accountants Stoke-On-Trent Accountants Ltd T/A 3E`S Accountants
517-519 King Street,
Longton, Stoke-On-Trent
Staffordshire
ST3 1HD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 9,803    13,103 
9,803    13,103 
Current assets      
Stocks 5 10,650    19,550 
Debtors 6 28,849    4,859 
Cash at bank and in hand 6,315    6,807 
45,814    31,216 
Creditors: amount falling due within one year 7 (63,254)   (53,296)
Net current assets (17,440)   (22,080)
 
Total assets less current liabilities (7,637)   (8,977)
Creditors: amount falling due after more than one year 8 (19,583)   (22,549)
Net assets (27,220)   (31,526)
 

Capital and reserves
     
Called up share capital 9 1    1 
Profit and loss account (27,221)   (31,527)
Shareholders' funds (27,220)   (31,526)
 


For the 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.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 16 September 2024 and were signed by:


-------------------------------
Leigh Stanway
Director
2
General Information
Pressedplate Ltd is a private company, limited by shares, registered in England and Wales, registration number 10490183, registration address 73 Drubbery Lane, Blurton, Stoke-on-Trent, ST3 4BL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises of invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under  hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 10,007    10,007 
Additions  
Disposals  
At 31 December 2023 10,007    10,007 
Amortisation
At 01 January 2023 10,007    10,007 
Charge for year  
On disposals  
At 31 December 2023 10,007    10,007 
Net book values
At 31 December 2023  
At 31 December 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2023 2,982    28,482    7,370    5,280    44,114 
Additions        
Disposals        
At 31 December 2023 2,982    28,482    7,370    5,280    44,114 
Depreciation
At 01 January 2023 1,859    20,571    3,591    1,750    27,771 
Charge for year 409    3,461    1,026    1,644    6,540 
On disposals        
At 31 December 2023 2,268    24,032    4,617    3,394    34,311 
Net book values
Closing balance as at 31 December 2023 714    4,450    2,753    1,886    9,803 
Opening balance as at 01 January 2023 923    5,934    3,239    3,007    13,103 


5.

Stocks

2023
£
  2022
£
Stocks 10,650    19,550 
10,650    19,550 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 28,849    4,859 
28,849    4,859 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 13,311    2,447 
Corporation Tax 1,228   
Hire Purchase   793 
Directors' Current Accounts 45,403    49,445 
VAT 3,312    611 
63,254    53,296 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 19,583    22,549 
19,583    22,549 

9.

Share Capital

Authorised
1 Ordinary share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

3