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REGISTERED NUMBER: 03771575 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

PETER JAMES PRINTING LIMITED

PETER JAMES PRINTING LIMITED (REGISTERED NUMBER: 03771575)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

PETER JAMES PRINTING LIMITED

Company Information
for the year ended 31 May 2024







Directors: Mrs J A Venn
P R Venn





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 03771575 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

PETER JAMES PRINTING LIMITED (REGISTERED NUMBER: 03771575)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 7,128 9,503
7,128 9,503

Current assets
Stocks 6 3,750 4,285
Debtors 7 3,037 4,271
Cash at bank 10,074 15,703
16,861 24,259
Creditors
Amounts falling due within one year 8 15,915 16,323
Net current assets 946 7,936
Total assets less current liabilities 8,074 17,439

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 7,974 17,339
Shareholders' funds 8,074 17,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mrs J A Venn - Director


PETER JAMES PRINTING LIMITED (REGISTERED NUMBER: 03771575)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Peter James Printing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures, fittings & Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

PETER JAMES PRINTING LIMITED (REGISTERED NUMBER: 03771575)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023
and 31 May 2024 52,000
Amortisation
At 1 June 2023
and 31 May 2024 52,000
Net book value
At 31 May 2024 -
At 31 May 2023 -

5. Tangible fixed assets
Fixtures,
Plant and fittings &
machinery Equipment Totals
£ £ £
Cost
At 1 June 2023
and 31 May 2024 18,400 69,889 88,289
Depreciation
At 1 June 2023 18,382 60,404 78,786
Charge for year 4 2,371 2,375
At 31 May 2024 18,386 62,775 81,161
Net book value
At 31 May 2024 14 7,114 7,128
At 31 May 2023 18 9,485 9,503

6. Stocks
2024 2023
£ £
Stocks 3,750 4,285

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,687 2,349
Other debtors 1,050 1,050
VAT 300 872
3,037 4,271

PETER JAMES PRINTING LIMITED (REGISTERED NUMBER: 03771575)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 293 1,167
Tax 2,793 3,077
Directors' current accounts 11,279 10,529
Accruals and deferred income 1,550 1,550
15,915 16,323

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary shares 1 100 100

10. Reserves
Retained
earnings
£

At 1 June 2023 17,339
Profit for the year 9,495
Dividends (18,860 )
At 31 May 2024 7,974

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Peter James Printing 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 Peter James Printing Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Peter James Printing 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 Peter James Printing Limited and state those matters that we have agreed to state to the Board of Directors of Peter James Printing Limited, as a body, in this report. 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 Peter James Printing 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 profit of Peter James Printing Limited. You consider that Peter James Printing 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 Peter James Printing 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.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


21 November 2024