1 April 2023 false Taxfiler 2024.6 06850164business:PrivateLimitedCompanyLtd2023-04-012024-03-31 068501642023-03-31 068501642023-04-012024-03-31 06850164business:AuditExemptWithAccountantsReport2023-04-012024-03-31 06850164business:FilletedAccounts2023-04-012024-03-31 068501642024-03-31 06850164business:Director12023-04-012024-03-31 06850164business:RegisteredOffice2023-04-012024-03-31 068501642023-03-31 06850164core:WithinOneYear2024-03-31 06850164core:WithinOneYear2023-03-31 06850164core:AfterOneYear2024-03-31 06850164core:AfterOneYear2023-03-31 06850164core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06850164core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06850164core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06850164core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06850164core:PreviouslyStatedAmount2024-03-31 06850164core:PreviouslyStatedAmount2023-03-31 06850164business:SmallEntities2023-04-012024-03-31 06850164countries:EnglandWales2023-04-012024-03-31 06850164core:PlantMachinery2023-04-012024-03-31 06850164core:MotorVehicles2023-04-012024-03-31 06850164core:FurnitureFittings2023-04-012024-03-31 06850164core:PlantMachinery2023-03-31 06850164core:MotorVehicles2023-03-31 06850164core:FurnitureFittings2023-03-31 06850164core:PlantMachinery2024-03-31 06850164core:MotorVehicles2024-03-31 06850164core:FurnitureFittings2024-03-31 06850164core:OtherProvisionsContingentLiabilities2023-03-31 06850164core:OtherProvisionsContingentLiabilities2023-04-012024-03-31 06850164core:OtherProvisionsContingentLiabilities2024-03-31 06850164business:OrdinaryShareClass12023-04-012024-03-31 06850164business:OrdinaryShareClass12022-04-012023-03-31 068501642022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06850164 (England and Wales)
Printsetters.com Ltd Unaudited accounts for the year ended 31 March 2024
Printsetters.com Ltd Unaudited accounts Contents
Page
- 2 -
Printsetters.com Ltd Company Information for the year ended 31 March 2024
Director
M J Toms
Company Number
06850164 (England and Wales)
Registered Office
Venta House 9a Port Road, Maesglas Retail Park Newport NP20 2NS United Kingdom
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Printsetters.com Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Printsetters.com Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL 25 November 2024
- 4 -
Printsetters.com Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,515 
45,837 
Current assets
Inventories
18,000 
40,000 
Debtors
28,455 
28,765 
Cash at bank and in hand
27,185 
10,541 
73,640 
79,306 
Creditors: amounts falling due within one year
(40,868)
(42,736)
Net current assets
32,772 
36,570 
Total assets less current liabilities
70,287 
82,407 
Creditors: amounts falling due after more than one year
(23,654)
(25,238)
Provisions for liabilities
Deferred tax
(2,975)
(4,291)
Other provisions
(5,520)
(7,000)
(8,495)
(11,291)
Net assets
38,138 
45,878 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
38,137 
45,877 
Shareholders' funds
38,138 
45,878 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
M J Toms Director Company Registration No. 06850164
- 5 -
Printsetters.com Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Printsetters.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 06850164. The registered office is Venta House , 9a Port Road, Maesglas Retail Park, Newport, NP20 2NS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
Motor vehicles
4 years
Fixtures & fittings
5 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 6 -
Printsetters.com Ltd Notes to the Accounts for the year ended 31 March 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
98,534 
28,000 
4,800 
131,334 
Additions
20,764 
- 
275 
21,039 
Disposals
(14,970)
- 
- 
(14,970)
At 31 March 2024
104,328 
28,000 
5,075 
137,403 
Depreciation
At 1 April 2023
64,601 
18,083 
2,813 
85,497 
Charge for the year
11,805 
7,000 
576 
19,381 
On disposals
(4,990)
- 
- 
(4,990)
At 31 March 2024
71,416 
25,083 
3,389 
99,888 
Net book value
At 31 March 2024
32,912 
2,917 
1,686 
37,515 
At 31 March 2023
33,933 
9,917 
1,987 
45,837 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
18,000 
40,000 
18,000 
40,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,455 
28,765 
- 7 -
Printsetters.com Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,000 
9,726 
VAT
3,491 
1,893 
Obligations under finance leases and hire purchase contracts
1,311 
3,418 
Trade creditors
20,253 
22,760 
Taxes and social security
5,370 
3,510 
Other creditors
188 
29 
Accruals
1,255 
1,400 
40,868 
42,736 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,750 
21,017 
Obligations under finance leases and hire purchase contracts
10,821 
4,221 
Loans from directors
83 
- 
23,654 
25,238 
9
Provisions for liabilities
£ 
At 1 April 2023
7,000 
Provisions used
(1,480)
At 31 March 2024
5,520 
Doubtful debt provision relating to accounts receivable greater than a year.
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
11
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 8 -