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REGISTERED NUMBER: 09363007 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ardtully Limited
Trading as
School Lane Colour Press

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Ardtully Limited
Trading as School Lane Colour Press

Company Information
for the Year Ended 31 October 2023







DIRECTOR: G P P Martin FCA





REGISTERED OFFICE: Ashleigh 3 Lakewood Close
Chandlers Ford
Eastleigh
Hampshire
SO53 1EY





REGISTERED NUMBER: 09363007 (England and Wales)





ACCOUNTANTS: GMandCo Trading Limited
Ashleigh,
3 Lakewood Close
Chandlers Ford
Hampshire
SO53 1EY

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Report of the Director
for the Year Ended 31 October 2023

The director presents his report with the financial statements of the company for the year ended 31 October 2023.

FUTURE DEVELOPMENTS
With the business ceasing to trade at the end of July 2023, the future is the disposal of the Assets and finally the striking off of the company.

DIRECTOR
G P P Martin FCA held office during the whole of the period from 1 November 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G P P Martin FCA - Director


29 October 2024

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Income Statement
for the Year Ended 31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   

TURNOVER 1,292,840 2,129,713

Cost of sales 671,074 1,159,440
GROSS PROFIT 621,766 970,273

Distribution costs 73,733 82,945
Administrative expenses 1,037,583 1,022,756
1,111,316 1,105,701
(489,550 ) (135,428 )

Other operating income 18,097 90,090
OPERATING LOSS 4 (471,453 ) (45,338 )


Interest payable and similar
expenses

9,866

432
LOSS BEFORE TAXATION (481,319 ) (45,770 )

Tax on loss (2,898 ) (8,687 )
LOSS FOR THE FINANCIAL YEAR (478,421 ) (37,083 )

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 1,052,270

CURRENT ASSETS
Stocks - 77,440
Debtors 6 9,735 315,868
Cash at bank 4,719 24,323
14,454 417,631
CREDITORS
Amounts falling due within one year 7 928 453,453
NET CURRENT ASSETS/(LIABILITIES) 13,526 (35,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,526

1,016,448

CREDITORS
Amounts falling due after more than
one year

8

(406,196

)

(927,799

)

PROVISIONS FOR LIABILITIES - (2,898 )
NET (LIABILITIES)/ASSETS (392,670 ) 85,751

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings (892,670 ) (414,249 )
SHAREHOLDERS' FUNDS (392,670 ) 85,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Balance Sheet - continued
31 October 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by Graham Martin the director and authorised for issue on 29 October 2024 and were signed by:





G P P Martin FCA - Director


Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ardtully 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and at varying rates 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.

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.


Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 21 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31.10.23 31.10.22
£    £   
Depreciation - owned assets 38,430 65,768

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 1,711,343
Disposals (1,711,343 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 659,073
Charge for year 38,430
Charge written back (697,503 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 1,052,270

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 140,960
Transfer to ownership (140,960 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 40,200
Transfer to ownership (40,200 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 100,760

Ardtully Limited (Registered number: 09363007)
Trading as School Lane Colour Press

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,235 248,845
Other debtors 3,500 67,023
9,735 315,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 200,000
Hire purchase contracts - 6,000
Trade creditors (14 ) 220,452
Taxation and social security 604 13,765
Other creditors 338 13,236
928 453,453

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 406,196 927,799