PSW Paper & Print Limited |
Registered Number:05378904 |
For the year ended 31 March 2024
England and Wales
Directors Report and Accounts
PSW Paper & Print Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
198,139
238,311
3
198,139
238,311
184,764
164,435
4
Trade and other receivables |
258,089
196,799
5
217,991
Cash and cash equivalents |
197,316
558,550
660,844
Trade and other payables: amounts falling due within one year |
(258,034)
(196,224)
6
402,810
362,326
Net current assets
Total assets less current liabilities |
560,465
641,121
Trade and other payables: amounts falling due after more than one |
year |
(308,782)
(268,188)
7
(58,000)
(58,000)
Provisions for liabilities |
234,277
Net assets
274,339
1,080
1,080
29,760
29,760
203,437
243,499
234,277
274,339
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
PSW Paper & Print Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 23 December 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
PSW Paper & Print Limited
Notes to the Financial Statements
Statutory Information
PSW Paper & Print Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
05378904. |
16 Alcester Road
Studley
Warwickshire
B80 7NL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of 4 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
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. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2024
PSW Paper & Print Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
200,000
200,000
200,000
200,000
-
-
3. Property, plant and equipment |
Motor vehicles
1,723,935
18,487
56,528
1,648,920
13,102
-
-
13,102
-
(14,149)
-
(14,149)
1,662,022
42,379
18,487
1,722,888
Provision for depreciation and impairment |
1,485,624
17,815
48,797
1,419,012
Charge for year
49,917
222
1,093
48,602
(10,792)
-
(10,792)
-
1,524,749
18,037
39,098
1,467,614
194,408
3,281
450
198,139
229,908
7,731
672
238,311
2023
2024
164,435
184,764
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For the year ended 31 March 2024
PSW Paper & Print Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
196,799
258,089
The debtors above include the following amounts falling due after more than one year: |
-
(32,297)
6. Trade and other payables: amounts falling due within one year |
2023
2024
147,434
226,533
Taxation and social security |
38,701
21,444
10,089
10,057
196,224
258,034
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
268,188
308,782
8. Average number of persons employed |
During the year the average number of employees was 0 (2023 : 28)
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