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REGISTERED NUMBER: 02707121 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PRIORY PRESS (DUNSTABLE) LIMITED

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORY PRESS (DUNSTABLE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: Mr C Huber
Mrs C E Earnshaw





SECRETARY: Mrs D Huber





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 18, Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB





REGISTERED NUMBER: 02707121 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,634 12,269
Tangible assets 5 170,479 170,574
176,113 182,843

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 144,610 173,729
Cash at bank 9,689 4,811
158,299 182,540
CREDITORS
Amounts falling due within one year 7 207,852 201,622
NET CURRENT LIABILITIES (49,553 ) (19,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,560

163,761

CREDITORS
Amounts falling due after more than one year 8 (69,375 ) (125,946 )

PROVISIONS FOR LIABILITIES (29,019 ) (27,829 )
NET ASSETS 28,166 9,986

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 27,166 8,986
SHAREHOLDERS' FUNDS 28,166 9,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mrs C E Earnshaw - Director


PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

Priory Press (Dunstable) 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.

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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Customer list are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and
accumulated impairment losses.

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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Grant income is recognised on the performance model. Where there are no future performance related conditions, income is recognised when the grants are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 33,174
AMORTISATION
At 1 June 2023 20,905
Charge for year 6,635
At 31 May 2024 27,540
NET BOOK VALUE
At 31 May 2024 5,634
At 31 May 2023 12,269

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 289,831 23,575 636 11,508 325,550
Additions 2,550 - - 1,140 3,690
At 31 May 2024 292,381 23,575 636 12,648 329,240
DEPRECIATION
At 1 June 2023 123,699 23,551 368 7,358 154,976
Charge for year 2,412 6 67 1,300 3,785
At 31 May 2024 126,111 23,557 435 8,658 158,761
NET BOOK VALUE
At 31 May 2024 166,270 18 201 3,990 170,479
At 31 May 2023 166,132 24 268 4,150 170,574

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 250,000
DEPRECIATION
At 1 June 2023
and 31 May 2024 92,667
NET BOOK VALUE
At 31 May 2024 157,333
At 31 May 2023 157,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,539 148,590
Other debtors 3,205 2,538
Director's loan account 10,605 6,171
VAT 2,919 5,461
Prepayments 12,342 10,969
144,610 173,729

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,813 30,481
Hire purchase contracts (see note 9) 56,571 49,403
Trade creditors 79,583 104,352
Corporation tax 26,465 2,013
Taxation and social security 1,954 1,568
Other creditors 5,740 4,608
Accrued expenses 7,726 9,197
207,852 201,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 69,375 125,946

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 56,571 49,403
Between one and five years 69,375 125,946
125,946 175,349

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 29,813 30,481
Hire purchase contracts 125,946 175,349
155,759 205,830

National Westminster Bank PLC hold a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over undertaking and all property and assets present and future, including goodwill bookdebts and the benefits of any licences.

PRIORY PRESS (DUNSTABLE) LIMITED (REGISTERED NUMBER: 02707121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr C Huber
Balance outstanding at start of year 5,643 -
Amounts advanced 7,084 5,643
Amounts repaid (5,643 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,084 5,643

Mrs C E Earnshaw
Balance outstanding at start of year 528 -
Amounts advanced 3,521 528
Amounts repaid (528 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,521 528

Interest is being charged on the directors loan at 2%. There is no fixed date for repayment

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,794 (2023 - £66,048)) were paid to the directors.

Priory Press Properties
A business in which C Huber is a partner.

Amounts owed from Priory Press Properties at the balance sheet date total £2,729 (2023: £2,062) and is shown within other debtors. During the year the company made rental payments to Priory Press Properties of £25,930 (2023: £25,930).

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C E Earnshaw.