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REGISTERED NUMBER: 06014945 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Coastline Graphics Limited

Coastline Graphics Limited (Registered number: 06014945)






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


Coastline Graphics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Braker
J M Archer





SECRETARY: S Braker





REGISTERED OFFICE: Eldo House
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





BUSINESS ADDRESS: Unit 1, Mitchell House
Skyliner Way
Bury St Edmunds
Suffolk
IP32 7YA





REGISTERED NUMBER: 06014945 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Coastline Graphics Limited (Registered number: 06014945)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 758,485 747,446
758,485 747,446

CURRENT ASSETS
Stocks 13,000 12,500
Debtors 6 165,668 212,297
Cash at bank and in hand 4,188 73,772
182,856 298,569
CREDITORS
Amounts falling due within one year 7 210,645 302,927
NET CURRENT LIABILITIES (27,789 ) (4,358 )
TOTAL ASSETS LESS CURRENT LIABILITIES 730,696 743,088

CREDITORS
Amounts falling due after more than one
year

8

(203,539

)

(203,514

)

PROVISIONS FOR LIABILITIES 11 (36,532 ) (30,949 )
NET ASSETS 490,625 508,625

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 23,985 23,985
Retained earnings 466,540 484,540
SHAREHOLDERS' FUNDS 490,625 508,625

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.

Coastline Graphics Limited (Registered number: 06014945)

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 2 September 2024 and were signed on its behalf by:




S Braker - Director



J M Archer - Director


Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Coastline Graphics 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property
Freehold property is shown at most recent valuation, on an open market basis carried out by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Grants
Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised over its estimated useful life of ten years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 350,197
AMORTISATION
At 1 April 2023
and 31 March 2024 350,197
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 582,800 592,700 1,175,500
Additions - 64,615 64,615
Disposals - (31,174 ) (31,174 )
At 31 March 2024 582,800 626,141 1,208,941
DEPRECIATION
At 1 April 2023 - 428,054 428,054
Charge for year - 52,094 52,094
Eliminated on disposal - (29,692 ) (29,692 )
At 31 March 2024 - 450,456 450,456
NET BOOK VALUE
At 31 March 2024 582,800 175,685 758,485
At 31 March 2023 582,800 164,646 747,446

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 23,985 - 23,985
Cost 558,815 626,141 1,184,956
582,800 626,141 1,208,941

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 558,815 558,815
Aggregate depreciation 79,676 79,676

Freehold property was valued on open market basis on 31 March 2023 by the directors .

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 April 2023 310,125
Additions 61,196
At 31 March 2024 371,321
DEPRECIATION
At 1 April 2023 216,030
Charge for year 23,523
At 31 March 2024 239,553
NET BOOK VALUE
At 31 March 2024 131,768
At 31 March 2023 94,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,716 171,396
Other debtors 21,952 40,901
165,668 212,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,777 23,364
Hire purchase contracts (see note 9) 22,652 34,401
Trade creditors 48,720 131,220
Taxation and social security 49,221 71,100
Other creditors 45,275 42,842
210,645 302,927

Other creditors includes an amount owed to the directors.

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 177,327 193,539
Hire purchase contracts (see note 9) 26,212 9,975
203,539 203,514

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 107,274 100,456

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 22,652 34,401
Between one and five years 26,212 9,975
48,864 44,376

Minimum lease payments under non cancellable operating leases falling due as at the year end were £18,495 (2023 - £10,224).

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 24,988 -
Bank loans 197,116 216,903
Hire purchase contracts 48,864 44,376
270,968 261,279

The bank loans are secured by a charge on the company's premises, a debenture over all of the company's assets, and personal guarantees given by the director, S Braker.

The hire purchase agreements are secured on the assets acquired.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 36,532 30,949

Coastline Graphics Limited (Registered number: 06014945)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 30,949
Provided during year 5,583
Balance at 31 March 2024 36,532

12. CALLED UP SHARE CAPITAL

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

13. RESERVES

The freehold property was revalued by the directors as at 31st March 2022. The fair value reserve is not available for distribution as it is unrealised.