IRIS Accounts Production v24.3.0.553 10599550 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105995502023-02-28105995502024-02-29105995502023-03-012024-02-29105995502022-02-28105995502022-03-012023-02-28105995502023-02-2810599550ns15:EnglandWales2023-03-012024-02-2910599550ns14:PoundSterling2023-03-012024-02-2910599550ns10:Director12023-03-012024-02-2910599550ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910599550ns10:SmallEntities2023-03-012024-02-2910599550ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910599550ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910599550ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910599550ns10:FullAccounts2023-03-012024-02-291059955012023-03-012024-02-2910599550ns10:RegisteredOffice2023-03-012024-02-2910599550ns5:CurrentFinancialInstruments2024-02-2910599550ns5:CurrentFinancialInstruments2023-02-2810599550ns5:Non-currentFinancialInstruments2024-02-2910599550ns5:Non-currentFinancialInstruments2023-02-2810599550ns5:ShareCapital2024-02-2910599550ns5:ShareCapital2023-02-2810599550ns5:RetainedEarningsAccumulatedLosses2024-02-2910599550ns5:RetainedEarningsAccumulatedLosses2023-02-2810599550ns5:NetGoodwill2023-03-012024-02-2910599550ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910599550ns5:PlantMachinery2023-03-012024-02-2910599550ns5:FurnitureFittings2023-03-012024-02-2910599550ns5:ComputerEquipment2023-03-012024-02-2910599550ns5:NetGoodwill2023-02-2810599550ns5:NetGoodwill2024-02-2910599550ns5:NetGoodwill2023-02-2810599550ns5:PlantMachinery2023-02-2810599550ns5:FurnitureFittings2023-02-2810599550ns5:ComputerEquipment2023-02-2810599550ns5:PlantMachinery2024-02-2910599550ns5:FurnitureFittings2024-02-2910599550ns5:ComputerEquipment2024-02-2910599550ns5:PlantMachinery2023-02-2810599550ns5:FurnitureFittings2023-02-2810599550ns5:ComputerEquipment2023-02-2810599550ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910599550ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810599550ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2910599550ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2810599550ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2910599550ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-28
















Southpaw Printing Limited

Financial Statements for the Year Ended 29 February 2024






Southpaw Printing Limited (Registered number: 10599550)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southpaw Printing Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: Mr P Beverley





REGISTERED OFFICE: 36a Howardsgate
Welwyn Garden City
Hertfordshire
AL8 6BJ





REGISTERED NUMBER: 10599550 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Southpaw Printing Limited (Registered number: 10599550)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,044 16,286
18,044 16,286

CURRENT ASSETS
Stocks 6,640 5,750
Debtors 6 21,624 16,936
Cash at bank 53,027 43,521
81,291 66,207
CREDITORS
Amounts falling due within one year 7 37,665 40,699
NET CURRENT ASSETS 43,626 25,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,670

41,794

CREDITORS
Amounts falling due after more than one
year

8

36,238

41,670
NET ASSETS 25,432 124

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,332 24
SHAREHOLDERS' FUNDS 25,432 124

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Southpaw Printing Limited (Registered number: 10599550)

Balance Sheet - continued
29 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





Mr P Beverley - Director


Southpaw Printing Limited (Registered number: 10599550)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Southpaw Printing 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 5 (2023 - 4 ) .

Southpaw Printing Limited (Registered number: 10599550)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 90,000
AMORTISATION
At 1 March 2023
and 29 February 2024 90,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 33,109 8,086 11,720 52,915
Additions 6,802 746 806 8,354
Disposals (154 ) (284 ) (642 ) (1,080 )
At 29 February 2024 39,757 8,548 11,884 60,189
DEPRECIATION
At 1 March 2023 21,095 4,168 11,366 36,629
Charge for year 4,687 1,143 609 6,439
Eliminated on disposal (89 ) (194 ) (640 ) (923 )
At 29 February 2024 25,693 5,117 11,335 42,145
NET BOOK VALUE
At 29 February 2024 14,064 3,431 549 18,044
At 28 February 2023 12,014 3,918 354 16,286

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,624 14,404
Directors' current accounts - 2,532
21,624 16,936

Southpaw Printing Limited (Registered number: 10599550)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,957 8,380
Other loans 8,400 8,400
Trade creditors 6,564 7,920
Corporation tax 8,649 8,267
PAYE 747 647
VAT 3,912 2,060
Other creditors - 4,000
Pension fund 344 -
Directors' current accounts 2,042 -
Accrued expenses 1,050 1,025
37,665 40,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 29,785 29,420
Bank loans due > 5 yrs 6,453 12,250
36,238 41,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due > 5 yrs 6,453 12,250