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Company Registration No. 07085893 (England and Wales)
OJ Printing Limited Unaudited accounts for the year ended 31 March 2024
OJ Printing Limited Unaudited accounts Contents
Page
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OJ Printing Limited Company Information for the year ended 31 March 2024
Directors
Carl Osborne Axel Jones
Company Number
07085893 (England and Wales)
Registered Office
Unit 1 Upper Boat Trading Estate Pontypridd Mid Glamorgan CF37 5BP Wales
Accountants
Sky Life Accountancy Limited Unit 32 Western Industrial Estate Caerphilly Caerphilly CF83 1BE
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OJ Printing Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
335,101 
376,440 
Current assets
Inventories
60,000 
60,000 
Debtors
115,049 
62,803 
Cash at bank and in hand
13,590 
16,425 
188,639 
139,228 
Creditors: amounts falling due within one year
(52,767)
(48,852)
Net current assets
135,872 
90,376 
Total assets less current liabilities
470,973 
466,816 
Creditors: amounts falling due after more than one year
(46,778)
(55,435)
Provisions for liabilities
Deferred tax
(22,302)
(23,984)
Net assets
401,893 
387,397 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
401,793 
387,297 
Shareholders' funds
401,893 
387,397 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
Carl Osborne Director Company Registration No. 07085893
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OJ Printing Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OJ Printing Limited is a private company, limited by shares, registered in England and Wales, registration number 07085893. The registered office is Unit 1, Upper Boat Trading Estate, Pontypridd, Mid Glamorgan, CF37 5BP, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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OJ Printing Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
192,531 
693,535 
38,828 
8,187 
933,081 
Additions
- 
- 
- 
2,530 
2,530 
At 31 March 2024
192,531 
693,535 
38,828 
10,717 
935,611 
Depreciation
At 1 April 2023
15,404 
505,869 
30,686 
4,682 
556,641 
Charge for the year
3,542 
37,533 
1,628 
1,166 
43,869 
At 31 March 2024
18,946 
543,402 
32,314 
5,848 
600,510 
Net book value
At 31 March 2024
173,585 
150,133 
6,514 
4,869 
335,101 
At 31 March 2023
177,127 
187,666 
8,142 
3,505 
376,440 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
60,000 
60,000 
60,000 
60,000 
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,657 
4,643 
Accrued income and prepayments
41,103 
1,543 
Other debtors
66,289 
56,617 
115,049 
62,803 
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OJ Printing Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,668 
8,227 
VAT
1,857 
1,781 
Trade creditors
29,017 
25,018 
Taxes and social security
8,700 
10,373 
Other creditors
1,371 
923 
Loans from directors
2,447 
2,530 
Accruals
707 
- 
52,767 
48,852 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
46,778 
55,435 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
23,984 
28,097 
Tax losses carried forward
(989)
(3,130)
Other deferred taxation
(693)
(983)
22,302 
23,984 
2024 
2023 
£ 
£ 
Provision at start of year
23,984 
28,097 
Credited to the profit and loss account
(1,682)
(4,113)
Provision at end of year
22,302 
23,984 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
1,319 
12
Loans to directors
During the year, the company made interest-free advances to the directors amounting to £2,595. These were repayable on demand. The company received credits of £2,512.
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OJ Printing Limited Notes to the Accounts for the year ended 31 March 2024
13
Transactions with related parties
During the year the company received £6,000 (2023 - £39,091) and gave credit for stock, postage and distribution costs amounting to £17,353 (2023 - £43,159) from (to) Sublime Signs Ltd, a company in which Mr C Osborne and Mr A Jones have controlling interest. These costs were charged at an arm lengths basis. Included in debtors is a balance owing from Sublime Signs Ltd amounting to £54,517 (2023 - £54,517).
14
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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