IRIS Accounts Production v24.3.0.553 05722738 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057227382023-03-31057227382024-03-31057227382023-04-012024-03-31057227382022-03-31057227382022-04-012023-03-31057227382023-03-3105722738ns15:EnglandWales2023-04-012024-03-3105722738ns14:PoundSterling2023-04-012024-03-3105722738ns10:Director12023-04-012024-03-3105722738ns10:Director22023-04-012024-03-3105722738ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105722738ns10:SmallEntities2023-04-012024-03-3105722738ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3105722738ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105722738ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105722738ns10:FullAccounts2023-04-012024-03-310572273812023-04-012024-03-3105722738ns10:CompanySecretary12023-04-012024-03-3105722738ns10:RegisteredOffice2023-04-012024-03-3105722738ns5:CurrentFinancialInstruments2024-03-3105722738ns5:CurrentFinancialInstruments2023-03-3105722738ns5:Non-currentFinancialInstruments2024-03-3105722738ns5:Non-currentFinancialInstruments2023-03-3105722738ns5:ShareCapital2024-03-3105722738ns5:ShareCapital2023-03-3105722738ns5:RetainedEarningsAccumulatedLosses2024-03-3105722738ns5:RetainedEarningsAccumulatedLosses2023-03-3105722738ns5:NetGoodwill2023-04-012024-03-3105722738ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105722738ns5:PlantMachinery2023-04-012024-03-3105722738ns5:FurnitureFittings2023-04-012024-03-3105722738ns5:ComputerEquipment2023-04-012024-03-3105722738ns5:NetGoodwill2023-03-3105722738ns5:NetGoodwill2024-03-3105722738ns5:NetGoodwill2023-03-3105722738ns5:PlantMachinery2023-03-3105722738ns5:PlantMachinery2024-03-3105722738ns5:PlantMachinery2023-03-3105722738ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105722738ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3105722738ns5:WithinOneYear2024-03-3105722738ns5:WithinOneYear2023-03-3105722738ns5:BetweenOneFiveYears2024-03-3105722738ns5:BetweenOneFiveYears2023-03-3105722738ns5:MoreThanFiveYears2024-03-3105722738ns5:MoreThanFiveYears2023-03-3105722738ns5:AllPeriods2024-03-3105722738ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 05722738 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FASTPRINT & DESIGN LIMITED

FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

FASTPRINT & DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J Dalton
M Felson





SECRETARY: M Felson





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 05722738 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,444 39,468
32,444 39,468

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 20,771 19,608
Cash at bank and in hand 22,904 39,289
48,675 63,897
CREDITORS
Amounts falling due within one year 7 56,825 58,854
NET CURRENT (LIABILITIES)/ASSETS (8,150 ) 5,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,294

44,511

CREDITORS
Amounts falling due after more than one year 8 (19,268 ) (29,034 )

PROVISIONS FOR LIABILITIES (6,813 ) (9,867 )
NET (LIABILITIES)/ASSETS (1,787 ) 5,610

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (2,787 ) 4,610
SHAREHOLDERS' FUNDS (1,787 ) 5,610

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

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

FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:




P J Dalton - Director



M Felson - Director


FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Fastprint & Design 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.

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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Although current liabilities exceed current assets, the director is optimistic that the company will meet all liabilities as they become due.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, recognised on completion of the work and issue of the invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised over its estimated useful life. The estimated useful life was reviewed and revised from 10 years to 6 years in 2016 and the remaining amount is being amortised evenly over this period.

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 and 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

Taxation
Taxation for the year 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.


FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 287,178
Additions 520
At 31 March 2024 287,698
DEPRECIATION
At 1 April 2023 247,710
Charge for year 7,544
At 31 March 2024 255,254
NET BOOK VALUE
At 31 March 2024 32,444
At 31 March 2023 39,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,449 14,222
Other debtors 3,322 5,386
20,771 19,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 21,024 26,196
Taxation and social security 19,200 18,446
Other creditors 16,601 14,212
56,825 58,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 19,268 29,034

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 11,500 11,500
Between one and five years 46,000 46,000
In more than five years 46,000 57,500
103,500 115,000

FASTPRINT & DESIGN LIMITED (REGISTERED NUMBER: 05722738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LEASING AGREEMENTS - continued

This operating lease for the premises is due for renewal March 2032.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date £3,803 was owed to both Mr M Felson and Mr P Dalton (2023: £707) the loans are interest free and repayable as cash flow allows.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FASTPRINT & DESIGN 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 Fastprint & Design Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fastprint & Design 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 Fastprint & Design Limited and state those matters that we have agreed to state to the Board of Directors of Fastprint & Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fastprint & Design Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fastprint & Design 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 Fastprint & Design Limited. You consider that Fastprint & Design 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 Fastprint & Design 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


22 November 2024