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REGISTERED NUMBER: 01208585 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Peterborough Printing Services Limited

Peterborough Printing Services Limited (Registered number: 01208585)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 10


Peterborough Printing Services Limited

Company Information
for the Year Ended 30 April 2024







Director: M A Brailsford





Registered office: Ainsley House
Fengate
Peterborough
Cambs
PE1 5XG





Registered number: 01208585 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Peterborough Printing Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peterborough Printing Services Limited for the year ended 30 April 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Peterborough Printing Services Limited in accordance with the terms of our engagement letter dated 24 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Peterborough Printing Services Limited and state those matters that we have agreed to state to the director of Peterborough Printing Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peterborough Printing Services Limited and its director for our work or for this report.

It is your duty to ensure that Peterborough Printing Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peterborough Printing Services Limited. You consider that Peterborough Printing Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peterborough Printing Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


8 January 2025

Peterborough Printing Services Limited (Registered number: 01208585)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 - -
Tangible assets 6 685,465 699,765
685,465 699,765

Current assets
Stocks 11,411 9,670
Debtors 7 148,904 88,756
Cash at bank and in hand 39,051 51,071
199,366 149,497
Creditors
Amounts falling due within one year 8 164,481 148,282
Net current assets 34,885 1,215
Total assets less current liabilities 720,350 700,980

Creditors
Amounts falling due after more than one
year

9

(11,667

)

(21,667

)

Provisions for liabilities 11 (48,852 ) (52,144 )
Net assets 659,831 627,169

Capital and reserves
Called up share capital 12 100 100
Retained earnings 659,731 627,069
Shareholders' funds 659,831 627,169

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

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

Peterborough Printing Services Limited (Registered number: 01208585)

Statement of Financial Position - continued
30 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2025 and were signed by:





M A Brailsford - Director


Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. Statutory information

Peterborough Printing Services 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.


Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. Accounting policies - continued
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Finance leasing and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans
The company operates a defined contribution scheme for the director. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 4 year straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. Accounting policies - continued

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - not depreciated
Fixtures and fittings - 10% reducing balance
Plant and machinery - 15% reducing balance
Office equipment - 20% reducing balance
Motor vehicles - 20% reducing balance

Depreciation is not provided on freehold property where, in the opinion of the directors, the residual value of that property is such that any depreciation charge would be immaterial.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employees and directors

The average number of employees during the year was 10 (2023 - 10 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 52,500
Amortisation
At 1 May 2023
and 30 April 2024 52,500
Net book value
At 30 April 2024 -
At 30 April 2023 -

Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 May 2023 511,837 599,739 78,216
Additions - 13,450 -
Disposals - (1,845 ) -
At 30 April 2024 511,837 611,344 78,216
Depreciation
At 1 May 2023 - 438,323 64,977
Charge for year - 25,884 1,323
Eliminated on disposal - (1,622 ) -
At 30 April 2024 - 462,585 66,300
Net book value
At 30 April 2024 511,837 148,759 11,916
At 30 April 2023 511,837 161,416 13,239

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 13,306 44,989 1,248,087
Additions - 2,917 16,367
Disposals - - (1,845 )
At 30 April 2024 13,306 47,906 1,262,609
Depreciation
At 1 May 2023 12,720 32,302 548,322
Charge for year 117 3,120 30,444
Eliminated on disposal - - (1,622 )
At 30 April 2024 12,837 35,422 577,144
Net book value
At 30 April 2024 469 12,484 685,465
At 30 April 2023 586 12,687 699,765

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 146,656 87,462
Other debtor 857 -
Prepayments 1,391 1,294
148,904 88,756

Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) - 29,154
Trade creditors 75,709 42,668
Corporation tax 40,768 27,076
PAYE and NIC 3,248 2,112
VAT 1,181 732
Other creditors 1,316 2,084
Directors' current accounts 25,131 27,524
Accruals 7,128 6,932
164,481 148,282

Bank loans relate to a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,667 21,667

Bank loans relate to a Bounce Back loan payable over six years. Interest is chargeable twelve months after the loan being drawn. This loan is 100% government backed.

Obligations under finances leases and hire purchases contracts are secured on the assets concerned.

10. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 29,154

Non-cancellable operating leases
2024 2023
£    £   
Within one year 5,836 3,048
Between one and five years 245 2,695
6,081 5,743

11. Provisions for liabilities
2024 2023
£    £   
Deferred tax 48,852 52,144

Peterborough Printing Services Limited (Registered number: 01208585)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


11. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 May 2023 52,144
Credit to Statement of income and retained earnings during year (3,292 )
Balance at 30 April 2024 48,852

12. Called up share capital

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