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Registration number: 02420524

The Bristol Printing Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Bristol Printing Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

The Bristol Printing Company Limited

Company Information

Directors

J C Crane

K L Crane

Company secretary

Burton Sweet Company Secretarial Ltd

Registered office

The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

The Bristol Printing Company Limited

(Registration number: 02420524)
Balance Sheet
31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

36,325

3,160

Current assets

 

Debtors

6

16,975

16,946

Cash at bank and in hand

 

52,514

31,611

 

69,489

48,557

Creditors: Amounts falling due within one year

7

(49,204)

(33,403)

Net current assets

 

20,285

15,154

Total assets less current liabilities

 

56,610

18,314

Creditors: Amounts falling due after more than one year

7

(39,610)

(14,514)

Provisions for liabilities

(1,248)

-

Net assets

 

15,752

3,800

Capital and reserves

 

Called up share capital

100

100

Retained earnings

15,652

3,700

Shareholders' funds

 

15,752

3,800

 

The Bristol Printing Company Limited

(Registration number: 02420524)
Balance Sheet
31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2024 and signed on its behalf by:
 

.........................................
J C Crane
Director

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

These financial statements were authorised for issue by the Board on 15 October 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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is shown net of value added tax,

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 corporation 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.

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

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.

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

Fixtures and fittings

33% per annum straight line

Motor vehicles

20% per annum straight line

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 amortised over its useful life,

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

over 20 years

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the their fair value at inception of the lease. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

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

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

111,000

111,000

Disposals

(111,000)

(111,000)

At 31 March 2024

-

-

Amortisation

At 1 April 2023

111,000

111,000

Amortisation eliminated on disposals

(111,000)

(111,000)

At 31 March 2024

-

-

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

8,553

49,035

57,588

Additions

10,417

35,657

46,074

Disposals

(1,881)

(15,635)

(17,516)

At 31 March 2024

17,089

69,057

86,146

Depreciation

At 1 April 2023

5,393

49,035

54,428

Charge for the year

5,125

7,131

12,256

Eliminated on disposal

(1,228)

(15,635)

(16,863)

At 31 March 2024

9,290

40,531

49,821

Carrying amount

At 31 March 2024

7,799

28,526

36,325

At 31 March 2023

3,160

-

3,160

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

15,505

16,546

Other debtors

1,470

400

16,975

16,946

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,357

2,333

Trade creditors

 

34,563

21,553

Taxation and social security

 

5,448

6,159

Accruals and deferred income

 

2,648

2,560

Other creditors

 

188

798

 

49,204

33,403

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

12,639

14,514

Hire purchase contracts

26,971

-

39,610

14,514

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,333

2,333

Hire purchase contracts

4,024

-

6,357

2,333

 

The Bristol Printing Company Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2024

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Owned by a director to the company

-

1,470

1,470