IRIS Accounts Production v24.1.4.33 01373502 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013735022023-03-31013735022024-03-31013735022023-04-012024-03-31013735022022-03-30013735022022-03-312023-03-31013735022023-03-3101373502ns15:EnglandWales2023-04-012024-03-3101373502ns14:PoundSterling2023-04-012024-03-3101373502ns10:Director12023-04-012024-03-3101373502ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101373502ns10:SmallEntities2023-04-012024-03-3101373502ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101373502ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101373502ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101373502ns10:FullAccounts2023-04-012024-03-3101373502ns10:RegisteredOffice2023-04-012024-03-3101373502ns5:CurrentFinancialInstruments2024-03-3101373502ns5:CurrentFinancialInstruments2023-03-3101373502ns5:ShareCapital2024-03-3101373502ns5:ShareCapital2023-03-3101373502ns5:RevaluationReserve2024-03-3101373502ns5:RevaluationReserve2023-03-3101373502ns5:CapitalRedemptionReserve2024-03-3101373502ns5:CapitalRedemptionReserve2023-03-3101373502ns5:RetainedEarningsAccumulatedLosses2024-03-3101373502ns5:RetainedEarningsAccumulatedLosses2023-03-3101373502ns5:LandBuildings2023-03-3101373502ns5:PlantMachinery2023-03-3101373502ns5:LandBuildings2023-04-012024-03-3101373502ns5:PlantMachinery2023-04-012024-03-3101373502ns5:LandBuildings2024-03-3101373502ns5:PlantMachinery2024-03-3101373502ns5:LandBuildings2023-03-3101373502ns5:PlantMachinery2023-03-3101373502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101373502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101373502ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 01373502 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Print - Set Limited

Print - Set Limited (Registered number: 01373502)






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


Print - Set Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G C Kyriakides





REGISTERED OFFICE: 5-6 The Penarth Centre
Penarth Street
London
SE15 1TR





REGISTERED NUMBER: 01373502 (England and Wales)





ACCOUNTANTS: AJ Accounting Services
58 Park Road
Sittingbourne
Kent
ME10 1DY

Print - Set Limited (Registered number: 01373502)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,171 178,373

CURRENT ASSETS
Stocks 3,000 3,872
Debtors 5 27,500 26,981
Cash at bank and in hand 26,964 29,775
57,464 60,628
CREDITORS
Amounts falling due within one year 6 87,720 92,929
NET CURRENT LIABILITIES (30,256 ) (32,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,915

146,072

CAPITAL AND RESERVES
Called up share capital 40 40
Revaluation reserve 7 50,000 50,000
Capital redemption reserve 60 60
Retained earnings 91,815 95,972
141,915 146,072

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 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.

Print - Set Limited (Registered number: 01373502)

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 director and authorised for issue on 6 September 2024 and were signed by:





G C Kyriakides - Director


Print - Set Limited (Registered number: 01373502)

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

1. STATUTORY INFORMATION

Print - Set 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.

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.

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.

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.

Print - Set Limited (Registered number: 01373502)

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

2. ACCOUNTING POLICIES - continued

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 131,700 126,536 258,236
Additions - 4,320 4,320
At 31 March 2024 131,700 130,856 262,556
DEPRECIATION
At 1 April 2023 - 79,863 79,863
Charge for year - 10,522 10,522
At 31 March 2024 - 90,385 90,385
NET BOOK VALUE
At 31 March 2024 131,700 40,471 172,171
At 31 March 2023 131,700 46,673 178,373

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,500 26,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,132 21,403
Taxation and social security 2,497 2,516
Other creditors 74,091 69,010
87,720 92,929

Print - Set Limited (Registered number: 01373502)

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

7. RESERVES
Revaluatio
reserve
£   
At 1 April 2023
and 31 March 2024 50,000

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £2,000) were paid to the director .

At the end of the year under review the Company owed Mr G Kyriakides £72,631 (2023: £67,740) by way of his directors loan account.

This loan was not liable to interest (per Company/Director agreement) and is repayable on demand.


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G C Kyriakides.