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REGISTERED NUMBER: 02600156 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPECIALIZED PRINT LIMITED

SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECIALIZED PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G Aken
Mrs A J Aken





SECRETARY: Mrs A J Aken





REGISTERED OFFICE: SPL House, Station Road Corner
Haverhill
Suffolk
CB9 0EU





REGISTERED NUMBER: 02600156 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,010 19,198

CURRENT ASSETS
Stocks 250 250
Debtors 5 14,470 30,095
Cash at bank and in hand 3 13
14,723 30,358
CREDITORS
Amounts falling due within one year 6 73,227 75,231
NET CURRENT LIABILITIES (58,504 ) (44,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,494

)

(25,675

)

CREDITORS
Amounts falling due after more than one
year

7

19,933

21,146
NET LIABILITIES (61,427 ) (46,821 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (61,527 ) (46,921 )
(61,427 ) (46,821 )

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 directors acknowledge their 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.

SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





G Aken - Director


SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Specialized Print 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. 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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Going concern
The balance sheet shows a negative position at the year end. The accounts have been prepared on the going concern basis as the directors confirm they will continue to support the company.

SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 33,219 57,384 19,724 110,327
DEPRECIATION
At 1 May 2023 20,165 53,873 17,091 91,129
Charge for year 652 878 658 2,188
At 30 April 2024 20,817 54,751 17,749 93,317
NET BOOK VALUE
At 30 April 2024 12,402 2,633 1,975 17,010
At 30 April 2023 13,054 3,511 2,633 19,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,278 12,318
Other debtors 8,192 17,777
14,470 30,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,946 27,570
Trade creditors 16,948 40,207
Taxation and social security 593 1,915
Other creditors 2,740 5,539
73,227 75,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,933 21,146

SPECIALIZED PRINT LIMITED (REGISTERED NUMBER: 02600156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
G Aken and Mrs A J Aken
Balance outstanding at start of year 5,644 37,328
Amounts advanced 41,302 27,421
Amounts repaid (40,585 ) (59,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,361 5,644

Interest is charged on the directors loan at the official rate of interest.