Dactyl Publishing Limited 4196082 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is printing and publishing Digita Accounts Production Advanced 6.30.9574.0 true true 4196082 2023-02-01 2024-01-31 4196082 2024-01-31 4196082 core:RetainedEarningsAccumulatedLosses 2024-01-31 4196082 core:ShareCapital 2024-01-31 4196082 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 4196082 core:CurrentFinancialInstruments 2024-01-31 4196082 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 4196082 core:Non-currentFinancialInstruments 2024-01-31 4196082 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 4196082 core:Goodwill 2024-01-31 4196082 core:FurnitureFittingsToolsEquipment 2024-01-31 4196082 core:LandBuildings 2024-01-31 4196082 core:MotorVehicles 2024-01-31 4196082 core:OtherPropertyPlantEquipment 2024-01-31 4196082 bus:SmallEntities 2023-02-01 2024-01-31 4196082 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 4196082 bus:FilletedAccounts 2023-02-01 2024-01-31 4196082 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 4196082 bus:RegisteredOffice 2023-02-01 2024-01-31 4196082 bus:Director10 2023-02-01 2024-01-31 4196082 bus:Director11 2023-02-01 2024-01-31 4196082 bus:Director2 2023-02-01 2024-01-31 4196082 bus:Director5 2023-02-01 2024-01-31 4196082 bus:Director8 2023-02-01 2024-01-31 4196082 bus:Director9 2023-02-01 2024-01-31 4196082 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 4196082 core:Goodwill 2023-02-01 2024-01-31 4196082 core:Buildings 2023-02-01 2024-01-31 4196082 core:FurnitureFittings 2023-02-01 2024-01-31 4196082 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 4196082 core:LandBuildings 2023-02-01 2024-01-31 4196082 core:MotorVehicles 2023-02-01 2024-01-31 4196082 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 4196082 core:PlantMachinery 2023-02-01 2024-01-31 4196082 countries:England 2023-02-01 2024-01-31 4196082 2023-01-31 4196082 core:Goodwill 2023-01-31 4196082 core:FurnitureFittingsToolsEquipment 2023-01-31 4196082 core:LandBuildings 2023-01-31 4196082 core:MotorVehicles 2023-01-31 4196082 core:OtherPropertyPlantEquipment 2023-01-31 4196082 2022-02-01 2023-01-31 4196082 2023-01-31 4196082 core:RetainedEarningsAccumulatedLosses 2023-01-31 4196082 core:ShareCapital 2023-01-31 4196082 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 4196082 core:CurrentFinancialInstruments 2023-01-31 4196082 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 4196082 core:Non-currentFinancialInstruments 2023-01-31 4196082 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 4196082 core:Goodwill 2023-01-31 4196082 core:FurnitureFittingsToolsEquipment 2023-01-31 4196082 core:LandBuildings 2023-01-31 4196082 core:MotorVehicles 2023-01-31 4196082 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 4196082

Dactyl Publishing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Dactyl Publishing Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Dactyl Publishing Limited

Company Information

Directors

Mr N R Henderson

Mr G Murray

Mr D South

Mr M Vaiksaar

Mr AS Womack

Mrs J Womack

Registered office

17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX

Accountants

Seals King & Co. Limited
Chartered Certified Accountants
17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX

 

Dactyl Publishing Limited

(Registration number: 4196082)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

30,530

33,305

Tangible assets

5

367,064

388,552

 

397,594

421,857

Current assets

 

Stocks

292,358

265,301

Debtors

6

119,782

147,525

Cash at bank and in hand

 

34,454

143,245

 

446,594

556,071

Creditors: Amounts falling due within one year

7

(197,517)

(269,008)

Net current assets

 

249,077

287,063

Total assets less current liabilities

 

646,671

708,920

Creditors: Amounts falling due after more than one year

7

(32,743)

(65,834)

Provisions for liabilities

(12,367)

(22,815)

Net assets

 

601,561

620,271

Capital and reserves

 

Called up share capital

40,561

40,561

Retained earnings

561,000

579,710

Shareholders' funds

 

601,561

620,271

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Dactyl Publishing Limited

(Registration number: 4196082)
Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

.........................................

Mr AS Womack

Director

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dactyl Publishing Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Brunt Street
Mansfield
Nottinghamshire
NG18 1AX
England

The principal place of business is:
Meadow View
Retford Road
North Wheatley
Retford
Nottinghamshire
DN22 9AZ

These financial statements were authorised for issue by the Board on 28 October 2024.

2

Accounting policies

Basis of preparation

These financial statements have been prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 ('FRS 102') Section 1A Small Entities, and with the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1a) has had no material impact on either the financial position or the financial performance reported by the company.

Going concern

As with most businesses we have been impacted by the Coronavirus (Covid 19). This has had an impact on our operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Dactyl Publishing Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

10% straight line basis

Plant and machinery

25% on reducing balance

Fixtures and Fittings

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Cash and cash equivalents

These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less.

Trade debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Borrowings

Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

Dactyl Publishing Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2023 - 28).

 

Dactyl Publishing Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

75,500

75,500

At 31 January 2024

75,500

75,500

Amortisation

At 1 February 2023

42,195

42,195

Amortisation charge

2,775

2,775

At 31 January 2024

44,970

44,970

Carrying amount

At 31 January 2024

30,530

30,530

At 31 January 2023

33,305

33,305

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 February 2023

334,521

127,589

5,000

269,702

Disposals

-

-

(5,000)

-

At 31 January 2024

334,521

127,589

-

269,702

Depreciation

At 1 February 2023

20,760

97,933

1,250

228,317

Charge for the year

3,460

3,932

156

10,346

Eliminated on disposal

-

-

(1,406)

-

At 31 January 2024

24,220

101,865

-

238,663

Carrying amount

At 31 January 2024

310,301

25,724

-

31,039

At 31 January 2023

313,761

29,656

3,750

41,385

 

Dactyl Publishing Limited

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

Total
£

Cost or valuation

At 1 February 2023

736,812

Disposals

(5,000)

At 31 January 2024

731,812

Depreciation

At 1 February 2023

348,260

Charge for the year

17,894

Eliminated on disposal

(1,406)

At 31 January 2024

364,748

Carrying amount

At 31 January 2024

367,064

At 31 January 2023

388,552

Included within the net book value of land and buildings above is £299,921 (2023 - £299,921) in respect of freehold land and buildings and £10,380 (2023 - £13,840) in respect of short leasehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

93,427

107,439

Prepayments

26,355

32,733

Other debtors

-

7,353

 

119,782

147,525

 

Dactyl Publishing Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

33,987

92,209

Trade creditors

 

90,798

104,014

Taxation and social security

 

53,588

44,194

Accruals and deferred income

 

10,990

24,706

Other creditors

 

8,154

3,885

 

197,517

269,008

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

32,743

65,834

 

8

Commitments

At 31st January 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £73,362 (2023 - £102,938).

 

Dactyl Publishing Limited

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

32,743

38,846

Other borrowings

-

26,988

32,743

65,834

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,000

7,000

Hire purchase contracts

-

9,114

Other borrowings

26,987

76,095

33,987

92,209

The bank loan is secured over the property and other assets of the company, both present and future together with personal guarantees of the director.
The other loan is secured on specific plant and equipment.