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REGISTERED NUMBER: 04172634 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Print & Buying Services Limited

Print & Buying Services Limited (Registered number: 04172634)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Print & Buying Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: RE Edwards
Mrs JE Edwards





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 04172634 (England and Wales)





ACCOUNTANTS: Charnwood Accountants LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Print & Buying Services Limited (Registered number: 04172634)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,575 1,956

CURRENT ASSETS
Debtors 5 94,725 106,252
Cash at bank and in hand 218 1,121
94,943 107,373
CREDITORS
Amounts falling due within one year 6 105,673 103,267
NET CURRENT (LIABILITIES)/ASSETS (10,730 ) 4,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,155

)

6,062

CREDITORS
Amounts falling due after more than one year 7 25,420 34,837
NET LIABILITIES (34,575 ) (28,775 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (35,575 ) (29,775 )
SHAREHOLDERS' FUNDS (34,575 ) (28,775 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Print & Buying Services Limited (Registered number: 04172634)

Balance Sheet - continued
30 April 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 17 September 2024 and were signed on its behalf by:





RE Edwards - Director


Print & Buying Services Limited (Registered number: 04172634)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Print & Buying 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on cost

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.

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.

Going concern
The financial statements have been prepared on the going concern basis, on the assumption the company will continue to trade. This is dependant upon the directors continued financial support.

Print & Buying Services Limited (Registered number: 04172634)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 16,863 11,985 28,848
DEPRECIATION
At 1 May 2023 14,907 11,985 26,892
Charge for year 381 - 381
At 30 April 2024 15,288 11,985 27,273
NET BOOK VALUE
At 30 April 2024 1,575 - 1,575
At 30 April 2023 1,956 - 1,956


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 54,846 36,689
Other debtors 39,879 69,563
94,725 106,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 12,788 19,271
Trade creditors 20,614 3,423
Taxation and social security 56,418 52,663
Other creditors 15,853 27,910
105,673 103,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 25,420 34,837

Print & Buying Services Limited (Registered number: 04172634)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
RE Edwards
Balance outstanding at start of year 47,246 66,284
Amounts repaid (23,933 ) (19,038 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,313 47,246

Interest was charged on the directors loan account at a rate of 2.25%.The total charge was £784.95 (2023:£1,097).

9. RELATED PARTY DISCLOSURES

Chairs Direct Limited
InterCompany

The directors and shareholders of Print & Buying Services Limited are also directors and shareholders of Chairs Direct Limited. During the year, there was no intercompany trading with Chairs Direct Limited, and no outstanding balances at the year end.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their 100% holding of the share capital

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Print & Buying Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Print & Buying Services Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Print & Buying Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Print & Buying Services Limited and state those matters that we have agreed to state to the Board of Directors of Print & Buying Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Print & Buying Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Print & Buying Services Limited. You consider that Print & Buying Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Print & Buying Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


17 September 2024