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REGISTERED NUMBER: 07561052 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Cactus Graphics Ltd

Cactus Graphics Ltd (Registered number: 07561052)






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


Cactus Graphics Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K L Weaver-Lazarus
R J Archer





SECRETARY: J G Weaver





REGISTERED OFFICE: Unit 19-22 Tridax Business Park
Honeywood Parkway,
Whitfield
Dover
Kent
CT16 3QX





REGISTERED NUMBER: 07561052 (England and Wales)





ACCOUNTANTS: Brightling & Co Accountants Ltd
Vine Hall Farm
Bethersden
Ashford
Kent
TN26 3JY

Cactus Graphics Ltd (Registered number: 07561052)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,179 288,029

CURRENT ASSETS
Stocks 13,989 13,323
Debtors 5 192,498 115,350
Cash at bank 14 41,254
206,501 169,927
CREDITORS
Amounts falling due within one year 6 207,563 166,330
NET CURRENT (LIABILITIES)/ASSETS (1,062 ) 3,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,117

291,626

CREDITORS
Amounts falling due after more than one
year

7

(222,080

)

(246,517

)

PROVISIONS FOR LIABILITIES (2,240 ) (9,216 )
NET ASSETS 5,797 35,893

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,697 35,793
5,797 35,893

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.

Cactus Graphics Ltd (Registered number: 07561052)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





K L Weaver-Lazarus - Director


Cactus Graphics Ltd (Registered number: 07561052)

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

1. STATUTORY INFORMATION

Cactus Graphics Ltd 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.

Transition to FRS 102 Section 1A

The company previously prepared its financial statements under FRS 105. The year to 31 January 2024 was the second year in which the thresholds to use the FRS 105 basis of accounting were exceeded therefore the financial statements have been prepared under FRS 102 1A. The change has required a restatement of the accounts for deferred tax.

Reconciliation of capital and reserves
At 1 February 2022 At 31 January 2023
£    £   
Capital and reserves (as previously stated) 36,667 45,109
Deferred Tax (5,598 ) (9,216 )
Capital and reserves (as restated) 31,069 35,893


Reconciliation of profit for the year At 31 January 2023
£   
Profit for the year (as previously stated) 17,212
Movement in deferred tax (3,618 )
Profit for the year (as restated) 13,594

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.
Plant and machinery etc - 50% on cost, 25% on cost, 20% on cost and 15% 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 and deferred 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.


Cactus Graphics Ltd (Registered number: 07561052)

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

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 334,428
Additions 24,000
At 31 January 2024 358,428
DEPRECIATION
At 1 February 2023 46,399
Charge for year 80,850
At 31 January 2024 127,249
NET BOOK VALUE
At 31 January 2024 231,179
At 31 January 2023 288,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,576 99,736
Other debtors 12,922 15,614
192,498 115,350

Cactus Graphics Ltd (Registered number: 07561052)

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 4,690 -
Hire purchase contracts 3,645 -
Trade creditors 134,882 125,995
Taxation and social security 28,915 6,436
Other creditors 35,431 33,899
207,563 166,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 9,032 -
Trade creditors 131,400 169,900
Other creditors 81,648 76,617
222,080 246,517