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REGISTERED NUMBER: 05433275 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

ADVANCE PRINTWEAR LTD

ADVANCE PRINTWEAR LTD (REGISTERED NUMBER: 05433275)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVANCE PRINTWEAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr G C Smith
Mr S Staunton





SECRETARY: Mrs F V Smith





REGISTERED OFFICE: Unit 26, Bordesley Trading Estate,
Bordesley Green Road
Birmingham,
West Midlands
B8 1BZ





REGISTERED NUMBER: 05433275 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

ADVANCE PRINTWEAR LTD (REGISTERED NUMBER: 05433275)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,186 5,550
4,186 5,550

CURRENT ASSETS
Stocks 20,158 24,185
Debtors 6 52,634 54,769
Cash at bank and in hand 34,811 28,088
107,603 107,042
CREDITORS
Amounts falling due within one year 7 93,863 96,284
NET CURRENT ASSETS 13,740 10,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,926

16,308

CREDITORS
Amounts falling due after more than one
year

8

4,506

8,562
NET ASSETS 13,420 7,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,320 7,646
SHAREHOLDERS' FUNDS 13,420 7,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

ADVANCE PRINTWEAR LTD (REGISTERED NUMBER: 05433275)

BALANCE SHEET - continued
30TH APRIL 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 30th October 2024 and were signed on its behalf by:





Mr G C Smith - Director


ADVANCE PRINTWEAR LTD (REGISTERED NUMBER: 05433275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Advance Printwear Ltd 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% 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.

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 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st May 2023
and 30th April 2024 1,000
AMORTISATION
At 1st May 2023
and 30th April 2024 1,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

ADVANCE PRINTWEAR LTD (REGISTERED NUMBER: 05433275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1st May 2023
and 30th April 2024 71,650 854 72,504
DEPRECIATION
At 1st May 2023 66,333 621 66,954
Charge for year 1,329 35 1,364
At 30th April 2024 67,662 656 68,318
NET BOOK VALUE
At 30th April 2024 3,988 198 4,186
At 30th April 2023 5,317 233 5,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 49,007 50,318
Other debtors 138 1,375
Directors' current accounts 500 -
Prepayments 2,989 3,076
52,634 54,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans and overdrafts 4,056 3,956
Trade creditors 44,405 50,010
Tax 10,457 6,884
Social security and other taxes 808 847
Pension control 105 135
VAT 7,342 4,201
Credit card 17,988 20,553
Directors' current accounts - 996
Accrued expenses 8,702 8,702
93,863 96,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans- more than one year 4,506 8,562