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Registration number: 04618873

Norman Long Printers Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Norman Long Printers Ltd

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Norman Long Printers Ltd

Company Information

Director

Mr N Davies

Company secretary

Mr N Davies

Registered office

8 Buckholt Business Centre
Warndon
Worcester
Worcestershire
WR4 9ND

Accountants

Perrigo Consultants Limited
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Norman Long Printers Ltd

Director's Report for the Year Ended 31 January 2024

The director presents his report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mr N Davies - Company secretary and director

Principal activity

The principal activity of the company is business support service activities.

Small companies provision statement

This report has 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.

Approved by the director on 4 November 2024 and signed on its behalf by:

Mr N Davies
Company secretary and director

   
     
 

Norman Long Printers Ltd

(Registration number: 04618873)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

4,500

6,750

Tangible assets

6

785

1,034

 

5,285

7,784

Current assets

 

Stocks

7

5,882

5,975

Debtors

8

1,379

13,965

Cash at bank and in hand

 

10,835

321

 

18,096

20,261

Prepayments and accrued income

 

767

829

Creditors: Amounts falling due within one year

(14,892)

(22,158)

Net current assets/(liabilities)

 

3,971

(1,068)

Total assets less current liabilities

 

9,256

6,716

Provisions for liabilities

(149)

(166)

Accruals and deferred income

 

(4,005)

(4,070)

Net assets

 

5,102

2,480

Capital and reserves

 

Called up share capital

9

200

200

Retained earnings

4,902

2,280

Shareholders' funds

 

5,102

2,480

 

Norman Long Printers Ltd

(Registration number: 04618873)
Abridged Balance Sheet as at 31 January 2024

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.

Director's 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 director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 4 November 2024
 

Mr N Davies
Company secretary and director

   
     
 

Norman Long Printers Ltd

Notes to the Unaudited Abridged 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:
8 Buckholt Business Centre
Warndon
Worcester
Worcestershire
WR4 9ND

These financial statements were authorised for issue by the director on 4 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Norman Long Printers Ltd

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

Depreciation

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

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Office equipment

20% 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. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

249

329

Amortisation expense

2,250

2,250

 

Norman Long Printers Ltd

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

5

Intangible assets

Total
£

Cost or valuation

At 1 February 2023

45,000

At 31 January 2024

45,000

Amortisation

At 1 February 2023

38,250

Amortisation charge

2,250

At 31 January 2024

40,500

Carrying amount

At 31 January 2024

4,500

At 31 January 2023

6,750

6

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

45,828

994

46,822

At 31 January 2024

45,828

994

46,822

Depreciation

At 1 February 2023

44,984

804

45,788

Charge for the year

211

38

249

At 31 January 2024

45,195

842

46,037

Carrying amount

At 31 January 2024

633

152

785

At 31 January 2023

844

190

1,034

7

Stocks

2024
£

2023
£

Other inventories

5,882

5,975

 

Norman Long Printers Ltd

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

8

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Voting shares of £1 each

200

200

200

200