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REGISTERED NUMBER: 06791383 (England and Wales)



















RIPLEY PRINTERS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


RIPLEY PRINTERS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr M T Kent





REGISTERED OFFICE: Unit F, Salcombe Road
Meadow Lane
ALFRETON
DE55 7EG





REGISTERED NUMBER: 06791383 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 194,949 151,786
194,949 151,786

CURRENT ASSETS
Stocks 8,098 8,098
Debtors 6 21,923 33,434
Cash at bank and in hand 164,354 189,634
194,375 231,166
CREDITORS
Amounts falling due within one year 7 156,882 184,231
NET CURRENT ASSETS 37,493 46,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,442

198,721

CREDITORS
Amounts falling due after more than one
year

8

(38,994

)

(22,500

)

PROVISIONS FOR LIABILITIES (47,604 ) (27,247 )
NET ASSETS 145,844 148,974

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 37,515 37,515
Retained earnings 108,229 111,359
SHAREHOLDERS' FUNDS 145,844 148,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr M T Kent - Director


RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Ripley Printers (UK) 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 as modified by the revaluation of certain assets.

The directors have considered the possible effects of Covid-19 on the company and found no basis for concern at this time.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised evenly over the estimated useful life of five years.

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.
Improvements to property - 10 years straight line
Website development - Straight line over 5 years
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

The plant and machinery assets are being revalued annually with the adjustments going to the revaluation reserve.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 28,695
AMORTISATION
At 1 March 2023
and 29 February 2024 28,695
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Website Computer
property machinery development equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 36,436 125,214 52,989 10,715 225,354
Additions - 47,597 6,534 708 54,839
At 29 February 2024 36,436 172,811 59,523 11,423 280,193
DEPRECIATION
At 1 March 2023 29,207 - 40,403 3,958 73,568
Charge for year 3,641 - 6,223 1,812 11,676
At 29 February 2024 32,848 - 46,626 5,770 85,244
NET BOOK VALUE
At 29 February 2024 3,588 172,811 12,897 5,653 194,949
At 28 February 2023 7,229 125,214 12,586 6,757 151,786

Cost or valuation at 29 February 2024 is represented by:

Improvements
to Plant and Website Computer
property machinery development equipment Totals
£    £    £    £    £   
Valuation in 2024 - 172,811 - - 172,811
Cost 36,436 - 59,523 11,423 107,382
36,436 172,811 59,523 11,423 280,193

If plant & machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 216,152 168,555
Aggregate depreciation 152,033 137,026

Plant & Machinery were valued on an open market basis on 29 February 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,046 32,128
Other debtors 295 -
Prepayments and accrued income 1,582 1,306
21,923 33,434

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,524 -
Payments on account 6,130 12,085
Trade creditors 76,353 94,074
Corporation tax 17,777 22,072
Social security and other taxes 3,126 4,429
VAT 15,519 18,496
Other creditors 17,674 19,140
Directors' current accounts 899 445
Accruals and deferred income 1,880 3,490
156,882 184,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts 26,494 -
38,994 22,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 37,515

12. CONTINGENT LIABILITIES

The company had total guarantees and commitments at the balance sheet date of £34,018 (2023- £20,000)

RIPLEY PRINTERS (UK) LIMITED (REGISTERED NUMBER: 06791383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr M T Kent
Balance outstanding at start of year 3,055 (618 )
Amounts advanced 98,561 94,382
Amounts repaid (12,515 ) (90,709 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 89,101 3,055

14. RELATED PARTY DISCLOSURES

At the year end date there is a amount of £5,808 (2022 £5,808) owed to a related company.