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Registration number: 10459986

Printslinger Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

Printslinger Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Printslinger Limited

Company Information

Director

G A R Sawday

Registered office

28B 28B York Gardens
Clifton
Bristol
Avon
BS8 4LN

Registered number

10459986

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Printslinger Limited

(Registration number: 10459986)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

11,315

30,655

Debtors

4

43,941

11,823

Cash at bank and in hand

 

27,916

50,661

 

83,172

93,139

Creditors: Amounts falling due within one year

5

(45,026)

(52,915)

Total assets less current liabilities

 

38,146

40,224

Creditors: Amounts falling due after more than one year

5

(67,088)

(52,338)

Net liabilities

 

(28,942)

(12,114)

Capital and reserves

 

Called up share capital

6

1,000

1,000

Capital contribution reserve

29,122

29,122

Profit and loss account

(59,064)

(42,236)

Total equity

 

(28,942)

(12,114)

 

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 on 20 September 2024
 

.........................................

G A R Sawday
Director

 

Printslinger Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28B 28B York Gardens
Clifton
Bristol
Avon
BS8 4LN
United Kingdom

2

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 3).

 

Printslinger Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Debtors: amounts falling due within one year

2023
£

2022
£

Trade debtors

42,356

10,723

Other debtors

1,585

1,100

43,941

11,823

5

Creditors

2023
£

2022
£

Amounts falling due within one year

Trade creditors

7,723

2,463

Taxation and social security

5,213

5,002

Other creditors

55

2,472

Accruals and deferred income

32,035

42,978

45,026

52,915

2023
£

2022
£

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

6

Share capital

Allotted and called up shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000