Company Registration No. 13476409 (England and Wales)
PC DESIGN & PRINT LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
PC DESIGN & PRINT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PC DESIGN & PRINT LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,125
9,606
Current assets
Stocks
2,750
-
Debtors
4
7,742
111
Cash at bank and in hand
2,711
7,719
13,203
7,830
Creditors: amounts falling due within one year
5
(45,251)
(46,812)
Net current liabilities
(32,048)
(38,982)
Net liabilities
(23,923)
(29,376)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(24,023)
(29,476)
Total equity
(23,923)
(29,376)
The director of the company has 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have 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.
The financial statements were approved by the board of directors and authorised for issue on 14 October 2024 and are signed on its behalf by:
C Hanbury
Director
Company Registration No. 13476409
PC DESIGN & PRINT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
PC Design & Print Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Balfour House, Suite 206, 741 High Road, North Finchley, London, N12 0BP.
1.1
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on the going concern basis which is dependent on the continued financial support from the company's directors and other creditors and on the ability of the company to continue trading. Should the directors and other creditors withdraw their support and the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and re-classify fixed assets as current assets.true
1.3
Turnover
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
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
20% on reducing balance
1.5
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2023: 1).
PC DESIGN & PRINT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 July 2023
15,010
Additions
550
At 30 June 2024
15,560
Depreciation and impairment
At 1 July 2023
5,404
Depreciation charged in the year
2,031
At 30 June 2024
7,435
Carrying amount
At 30 June 2024
8,125
At 30 June 2023
9,606
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,385
Other debtors
111
Prepayments
357
7,742
111
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
42
Trade creditors
7,307
Taxation and social security
2,345
Director's current account
33,057
45,557
Accruals
2,500
1,255
45,251
46,812