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REGISTERED NUMBER: 08960428 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

2601 Creative Print Limited

2601 Creative Print Limited (Registered number: 08960428)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2601 Creative Print Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S J Williamson
P Johnson





REGISTERED OFFICE: 7 Soundwell Road
Staple Hill
Bristol
Avon
BS16 4QG





REGISTERED NUMBER: 08960428 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

2601 Creative Print Limited (Registered number: 08960428)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 981,744 960,649

CURRENT ASSETS
Stocks 109,000 66,000
Debtors 5 151,320 224,728
Cash at bank 133,509 73,563
393,829 364,291
CREDITORS
Amounts falling due within one year 6 551,754 502,756
NET CURRENT LIABILITIES (157,925 ) (138,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,819

822,184

CREDITORS
Amounts falling due after more than one
year

7

(493,529

)

(466,833

)

PROVISIONS FOR LIABILITIES (33,517 ) (39,895 )
NET ASSETS 296,773 315,456

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 140,603 140,603
Retained earnings 8 156,070 174,753
296,773 315,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

2601 Creative Print Limited (Registered number: 08960428)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




P Johnson - Director



S J Williamson - Director


2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

2601 Creative Print Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 750,000 - 402,924
Additions - 54,790 763
At 31 March 2024 750,000 54,790 403,687
DEPRECIATION
At 1 April 2023 - - 204,015
Charge for year - - 39,663
At 31 March 2024 - - 243,678
NET BOOK VALUE
At 31 March 2024 750,000 54,790 160,009
At 31 March 2023 750,000 - 198,909

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 12,068 10,982 1,175,974
Additions 8,464 2,389 66,406
At 31 March 2024 20,532 13,371 1,242,380
DEPRECIATION
At 1 April 2023 4,954 6,356 215,325
Charge for year 3,894 1,754 45,311
At 31 March 2024 8,848 8,110 260,636
NET BOOK VALUE
At 31 March 2024 11,684 5,261 981,744
At 31 March 2023 7,114 4,626 960,649

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2022 609,397 - 402,924
Valuation in 2023 140,603 - -
Valuation in 2024 - 54,790 763
750,000 54,790 403,687

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2022 12,068 10,982 1,035,371
Valuation in 2023 - - 140,603
Valuation in 2024 8,464 2,389 66,406
20,532 13,371 1,242,380

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 152,260
DEPRECIATION
At 1 April 2023 18,653
Charge for year 15,226
At 31 March 2024 33,879
NET BOOK VALUE
At 31 March 2024 118,381
At 31 March 2023 133,607

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 147,070 220,465
Prepayments and accrued income 4,250 1,750
151,320 222,215

2601 Creative Print Limited (Registered number: 08960428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Directors' loan accounts - 2,513

Aggregate amounts 151,320 224,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 227,727 302,041
Hire purchase contracts 30,342 30,342
Trade creditors 85,352 106,678
Tax 34,499 4,773
Social security and other taxes 15,312 (4,138 )
VAT 52,281 54,679
Other creditors 104,687 7,162
Pension creditor 1,304 1,219
Accruals and deferred income 250 -
551,754 502,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Mortgage 397,541 365,612
Hire purchase contracts 66,082 96,244
Directors' loan accounts 29,906 4,977
493,529 466,833

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 174,753 140,603 315,356
Profit for the year 82,117 82,117
Dividends (100,800 ) (100,800 )
At 31 March 2024 156,070 140,603 296,673