Company Registration No. 00810053 (England and Wales)
THE CRAIG-Y-DON PRINTING WORKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
THE CRAIG-Y-DON PRINTING WORKS LIMITED
COMPANY INFORMATION
Directors
Ms T.V.M. Edwards
Mr T.J. Edwards
Company number
00810053
Registered office
23 Queen's Road
Craig Y Don
Llandudno
Conwy
LL30 1AZ
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
THE CRAIG-Y-DON PRINTING WORKS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE CRAIG-Y-DON PRINTING WORKS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
96,585
104,262
Current assets
Stocks
8,250
7,500
Debtors
4
37,707
20,348
Cash at bank and in hand
6,684
10,994
52,641
38,842
Creditors: amounts falling due within one year
5
(68,567)
(57,298)
Net current liabilities
(15,926)
(18,456)
Total assets less current liabilities
80,659
85,806
Provisions for liabilities
(13,120)
(14,507)
Net assets
67,539
71,299
Capital and reserves
Called up share capital
7
3,500
3,500
Share premium account
2,000
2,000
Capital redemption reserve
5,509
5,509
Profit and loss reserves
56,530
60,290
Total equity
67,539
71,299
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
THE CRAIG-Y-DON PRINTING WORKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 January 2025 and are signed on its behalf by:
Mr T.J. Edwards
Director
Company Registration No. 00810053
THE CRAIG-Y-DON PRINTING WORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
The Craig-Y-Don Printing Works Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Queen's Road, Craig Y Don, Llandudno, Conwy, LL30 1AZ.
1.1
Accounting convention
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
Straight line over 50 years
Plant and machinery
15% reducing balance
Computer equipment
15% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stock is valued at the lower of cost and net realisable value.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
THE CRAIG-Y-DON PRINTING WORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2023
18,835
1,052,672
1,071,507
Additions
8,469
8,469
At 31 August 2024
18,835
1,061,141
1,079,976
Depreciation and impairment
At 1 September 2023
10,925
956,320
967,245
Depreciation charged in the year
377
15,769
16,146
At 31 August 2024
11,302
972,089
983,391
Carrying amount
At 31 August 2024
7,533
89,052
96,585
At 31 August 2023
7,910
96,352
104,262
THE CRAIG-Y-DON PRINTING WORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
37,707
20,348
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,532
23,307
Taxation and social security
6,437
9,257
Other creditors
32,598
24,734
68,567
57,298
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
13,120
14,507
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
3,500
3,500
3,500
3,500
8
Directors' transactions
During the year under consideration the company paid rent of £31,200 (2023 - £31,200) to Mr T.J. Edwards & Mrs T.V.M. Edwards, both directors, in the normal course of business.