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REGISTERED NUMBER: SC759437 (Scotland)












Financial Statements

for the Period

20 February 2023 to 30 June 2024

for

Greaseproof Printing Limited

Greaseproof Printing Limited (Registered number: SC759437)






Contents of the Financial Statements
for the Period 20 February 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greaseproof Printing Limited

Company Information
for the Period 20 February 2023 to 30 June 2024







DIRECTOR: E Weller





REGISTERED OFFICE: 52 Lennox Avenue
Glasgow
G14 9HG





REGISTERED NUMBER: SC759437 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Greaseproof Printing Limited (Registered number: SC759437)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 3 8,856

CURRENT ASSETS
Debtors 4 39,252
Cash at bank 34,913
74,165
CREDITORS
Amounts falling due within one year 5 68,681
NET CURRENT ASSETS 5,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,340

PROVISIONS FOR LIABILITIES 1,683
NET ASSETS 12,657

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 12,656
SHAREHOLDERS' FUNDS 12,657

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Greaseproof Printing Limited (Registered number: SC759437)

Balance Sheet - continued
30 June 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 director and authorised for issue on 12 November 2024 and were signed by:





E Weller - Director


Greaseproof Printing Limited (Registered number: SC759437)

Notes to the Financial Statements
for the Period 20 February 2023 to 30 June 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Greaseproof Printing Limited (Registered number: SC759437)

Notes to the Financial Statements - continued
for the Period 20 February 2023 to 30 June 2024

1. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of fixed assets
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

3. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 8,760 1,664 10,424
At 30 June 2024 8,760 1,664 10,424
DEPRECIATION
Charge for period 1,314 254 1,568
At 30 June 2024 1,314 254 1,568
NET BOOK VALUE
At 30 June 2024 7,446 1,410 8,856

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 38,802
Other debtors 450
39,252

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 57,248
Taxation and social security 4,283
Other creditors 7,150
68,681