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REGISTERED NUMBER: 07968408 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

MULTIPRINT PRINT SOLUTIONS LIMITED

MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MULTIPRINT PRINT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: A Bruce
M Riley





REGISTERED OFFICE: Unit 4d, Pepper Road
Bramhall Moor Technology Park
Hazel Grove
Stockport
SK7 5BW





REGISTERED NUMBER: 07968408 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 301,103 273,437

CURRENT ASSETS
Stocks 34,721 22,998
Debtors 5 65,636 125,443
Cash at bank 118,465 27,148
218,822 175,589
CREDITORS
Amounts falling due within one year 6 360,023 231,373
NET CURRENT LIABILITIES (141,201 ) (55,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,902

217,653

CREDITORS
Amounts falling due after more than one
year

7

(36,191

)

(108,889

)

PROVISIONS FOR LIABILITIES 9 (75,108 ) (68,155 )
NET ASSETS 48,603 40,609

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 48,503 40,509
SHAREHOLDERS' FUNDS 48,603 40,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)

BALANCE SHEET - continued
29TH FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2024 and were signed on its behalf by:




A Bruce - Director



M Riley - Director


MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Multiprint Print Solutions 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.

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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 33% on cost, 15% on reducing balance and at variable rates on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 2,164 403,936 406,100
Additions - 65,196 65,196
At 29th February 2024 2,164 469,132 471,296
DEPRECIATION
At 1st March 2023 1,418 131,245 132,663
Charge for year 75 37,455 37,530
At 29th February 2024 1,493 168,700 170,193
NET BOOK VALUE
At 29th February 2024 671 300,432 301,103
At 28th February 2023 746 272,691 273,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,523 117,314
Amounts owed by group undertakings - 5,518
Other debtors 2,113 2,611
65,636 125,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,954 49,748
Hire purchase contracts 6,159 50,004
Trade creditors 40,294 62,981
Amounts owed to group undertakings 148,414 -
Taxation and social security 99,354 41,788
Other creditors 11,848 26,852
360,023 231,373

MULTIPRINT PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07968408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 36,191 90,145
Hire purchase contracts - 18,744
36,191 108,889

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,159 68,748

Hire purchase contracts are secured by the assets that they relate to.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 75,108 68,155

Deferred
tax
£   
Balance at 1st March 2023 68,155
Charge to Statement of Income and Retained Earnings during year 6,953
Balance at 29th February 2024 75,108

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Alcae Solutions Ltd.