Registered number: 04078671 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
Martin Waterworth Limited | ||||||||
Chartered Accountants | ||||||||
Bronwylfa | ||||||||
Llangunnor Road | ||||||||
Carmarthen | ||||||||
Dyfed | ||||||||
SA31 2PB |
Swansea Print Workshop | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by guarantee registered in EW - England and Wales, registered number 04078671 | ||||||||
ACCOUNTANTS | ||||||||
Martin Waterworth Limited | ||||||||
Chartered Accountants | ||||||||
Bronwylfa | ||||||||
Llangunnor Road | ||||||||
Carmarthen | ||||||||
Dyfed | ||||||||
SA31 2PB |
Swansea Print Workshop | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
51,364 | 44,732 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 32,686 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 67,505 | 68,371 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Profit and loss account | 40,667 | 36,760 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Swansea Print Workshop | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 1% | |||||||
Plant and Machinery | straight line 10% | |||||||
Fixtures and Fittings | straight line 10% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). |
1d. Capital Grant | ||||||||
The freehold property was financed in 2001 by capital grant. The carrying value of the freehold is matched annually with the carrying value of a capital grant liability shown under Other creditors due after one year. The annual amount of grant released is equivalent to the annual depreciation charge of the freehold. |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
Swansea Print Workshop | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2023 | 86,557 | 33,448 | 120,005 | |||
Additions | - | 910 | 910 | |||
At 31/03/2024 | 86,557 | 34,358 | 120,915 | |||
Depreciation | ||||||
At 01/04/2023 | 18,186 | 28,418 | 46,604 | |||
For the year | 866 | 796 | 1,662 | |||
At 31/03/2024 | 19,052 | 29,214 | 48,266 | |||
Net Book Amounts | ||||||
At 31/03/2024 | 67,505 | 5,144 | 72,649 | |||
At 31/03/2023 | 68,371 | 5,030 | 73,401 | |||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other debtors | - | 240 | ||||||
- | 240 | |||||||
Swansea Print Workshop | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | 811 | - | ||||||
Other creditors | 14,052 | 12,046 | ||||||
14,863 | 12,046 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other creditors | 67,505 | 68,371 | ||||||
67,505 | 68,371 | |||||||
Other creditors is a deferred capital grant, whose carrying value is equivalent to the carrying value of the freehold property in fixed assets. | ||||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 978 | 956 | ||||||
978 | 956 | |||||||