Company registration number 14119252 (England and Wales)
ENVOPRINT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ENVOPRINT LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ENVOPRINT LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
30 June 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
194,780
231,241
Tangible assets
5
190,624
284,515
385,404
515,756
Current assets
Stocks
40,947
37,365
Debtors
6
147,896
74,503
Cash at bank and in hand
295,176
298,663
484,019
410,531
Creditors: amounts falling due within one year
7
(220,322)
(306,732)
Net current assets
263,697
103,799
Total assets less current liabilities
649,101
619,555
Creditors: amounts falling due after more than one year
8
(438,005)
(438,005)
Provisions for liabilities
(44,289)
(66,620)
Net assets
166,807
114,930
Capital and reserves
Called up share capital
100,000
100
Profit and loss reserves
66,807
114,830
Total equity
166,807
114,930

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ENVOPRINT LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 October 2024 and are signed on its behalf by:
Mr J Davies
Director
Company registration number 14119252 (England and Wales)
ENVOPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Envoprint Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Adelphi Way, Ireland Industrial Estate, Staveley, Chesterfield, S43 3LS.

1.1
Reporting period

The company has chosen the 31 December as its annual reporting date.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ENVOPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ENVOPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ENVOPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2022
Number
Number
Total
12
9
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 30 June 2024
243,517
Amortisation and impairment
At 1 January 2023
12,276
Amortisation charged for the year
36,461
At 30 June 2024
48,737
Carrying amount
At 30 June 2024
194,780
At 31 December 2022
231,241
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023 and 30 June 2024
283,462
31,366
6,056
1,530
322,414
Depreciation and impairment
At 1 January 2023
34,656
2,372
678
193
37,899
Depreciation charged in the year
85,399
6,187
1,846
459
93,891
At 30 June 2024
120,055
8,559
2,524
652
131,790
Carrying amount
At 30 June 2024
163,407
22,807
3,532
878
190,624
At 31 December 2022
248,806
28,994
5,378
1,337
284,515
ENVOPRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
6
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
45,023
70,102
Other debtors
102,873
4,401
147,896
74,503
7
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
55,783
99,172
Taxation and social security
47,672
72,826
Other creditors
116,867
134,734
220,322
306,732
8
Creditors: amounts falling due after more than one year
2024
2022
£
£
Other creditors
438,005
438,005
9
Related party transactions

Included within other creditors are loans to the company, from the directors and shareholders, totalling £542,814 (2022 - £541,997) - the amount falling due within one year is £104,809 (2022 - £103,992). No interest was charged during the period ended 30 June 2024.

 

At the year-end, the company owed £8,461 (2022 - £Nil) to a pension scheme in which the directors are beneficiaries.

 

Included within other debtors are amounts owed from the parent undertaking, Firdene Enterprises Ltd, totalling £100,102 (2022 - £Nil.)

2024-06-302023-01-01false04 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr J DaviesMr K DaviesMr R DaviesMrs A Daviesfalsefalse141192522023-01-012024-06-30141192522024-06-30141192522022-12-3114119252core:NetGoodwill2024-06-3014119252core:NetGoodwill2022-12-3114119252core:PlantMachinery2024-06-3014119252core:FurnitureFittings2024-06-3014119252core:ComputerEquipment2024-06-3014119252core:MotorVehicles2024-06-3014119252core:PlantMachinery2022-12-3114119252core:FurnitureFittings2022-12-3114119252core:ComputerEquipment2022-12-3114119252core:MotorVehicles2022-12-3114119252core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3014119252core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3114119252core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3014119252core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3114119252core:CurrentFinancialInstruments2024-06-3014119252core:CurrentFinancialInstruments2022-12-3114119252core:ShareCapital2024-06-3014119252core:ShareCapital2022-12-3114119252core:RetainedEarningsAccumulatedLosses2024-06-3014119252core:RetainedEarningsAccumulatedLosses2022-12-3114119252bus:Director12023-01-012024-06-3014119252core:Goodwill2023-01-012024-06-3014119252core:PlantMachinery2023-01-012024-06-3014119252core:FurnitureFittings2023-01-012024-06-3014119252core:ComputerEquipment2023-01-012024-06-3014119252core:MotorVehicles2023-01-012024-06-30141192522022-05-192022-12-3114119252core:NetGoodwill2022-12-3114119252core:NetGoodwill2023-01-012024-06-3014119252core:PlantMachinery2022-12-3114119252core:FurnitureFittings2022-12-3114119252core:ComputerEquipment2022-12-3114119252core:MotorVehicles2022-12-31141192522022-12-3114119252core:WithinOneYear2024-06-3014119252core:WithinOneYear2022-12-3114119252core:Non-currentFinancialInstruments2024-06-3014119252core:Non-currentFinancialInstruments2022-12-3114119252bus:PrivateLimitedCompanyLtd2023-01-012024-06-3014119252bus:SmallCompaniesRegimeForAccounts2023-01-012024-06-3014119252bus:FRS1022023-01-012024-06-3014119252bus:AuditExemptWithAccountantsReport2023-01-012024-06-3014119252bus:Director22023-01-012024-06-3014119252bus:Director32023-01-012024-06-3014119252bus:Director42023-01-012024-06-3014119252bus:FullAccounts2023-01-012024-06-30xbrli:purexbrli:sharesiso4217:GBP