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REGISTERED NUMBER: 05573674 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Glydan Printing Services Limited
Trading as
Spin Print Solutions

Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glydan Printing Services Limited
Trading as Spin Print Solutions

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr G D Johnson
Mr D Brook





REGISTERED OFFICE: 16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH





REGISTERED NUMBER: 05573674 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,210 200,147

CURRENT ASSETS
Stocks 61,870 62,808
Debtors 5 337,740 333,832
Cash at bank and in hand 7,358 7,616
406,968 404,256
CREDITORS
Amounts falling due within one year 6 525,970 563,980
NET CURRENT LIABILITIES (119,002 ) (159,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,208

40,423

CREDITORS
Amounts falling due after more than
one year

7

1,472

10,623
NET ASSETS 57,736 29,800

Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 57,734 29,798
SHAREHOLDERS' FUNDS 57,736 29,800

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 24 October 2024 and were signed on its behalf by:





Mr G D Johnson - Director


Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions

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

1. STATUTORY INFORMATION

Glydan Printing Services 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.
Short leasehold - 20% reducing balance
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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 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 not recognised in respect of timing differences that have originated but not reversed at the balance sheet date. This is on the basis that such liabilities will only crystalize should the company dispose of its fixed assets. The directors have considered this carefully and this is not envisaged in the foreseeable future.

Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 73,390 883,337 956,727
Additions - 2,864 2,864
At 31 January 2024 73,390 886,201 959,591
DEPRECIATION
At 1 February 2023 63,926 692,654 756,580
Charge for year 1,893 22,908 24,801
At 31 January 2024 65,819 715,562 781,381
NET BOOK VALUE
At 31 January 2024 7,571 170,639 178,210
At 31 January 2023 9,464 190,683 200,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 264,455 268,616
Other debtors 73,285 65,216
337,740 333,832

Glydan Printing Services Limited (Registered number: 05573674)
Trading as Spin Print Solutions

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,763 13,574
Trade creditors 208,132 224,889
Taxation and social security 128,799 146,240
Other creditors 168,276 179,277
525,970 563,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,472 10,623