Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-017falseprinting of graphics on records7falsetruefalse 05149007 2023-05-01 2024-04-30 05149007 2022-05-01 2023-04-30 05149007 2024-04-30 05149007 2023-04-30 05149007 2022-05-01 05149007 c:Director1 2023-05-01 2024-04-30 05149007 c:Director2 2023-05-01 2024-04-30 05149007 d:PlantMachinery 2023-05-01 2024-04-30 05149007 d:MotorVehicles 2023-05-01 2024-04-30 05149007 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 05149007 d:OtherPropertyPlantEquipment 2024-04-30 05149007 d:OtherPropertyPlantEquipment 2023-04-30 05149007 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05149007 d:CurrentFinancialInstruments 2024-04-30 05149007 d:CurrentFinancialInstruments 2023-04-30 05149007 d:Non-currentFinancialInstruments 2024-04-30 05149007 d:Non-currentFinancialInstruments 2023-04-30 05149007 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05149007 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05149007 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05149007 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05149007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05149007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05149007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 05149007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 05149007 d:ShareCapital 2024-04-30 05149007 d:ShareCapital 2023-04-30 05149007 d:RetainedEarningsAccumulatedLosses 2024-04-30 05149007 d:RetainedEarningsAccumulatedLosses 2023-04-30 05149007 c:OrdinaryShareClass2 2023-05-01 2024-04-30 05149007 c:OrdinaryShareClass2 2024-04-30 05149007 c:OrdinaryShareClass2 2023-04-30 05149007 c:OrdinaryShareClass3 2023-05-01 2024-04-30 05149007 c:OrdinaryShareClass3 2024-04-30 05149007 c:OrdinaryShareClass3 2023-04-30 05149007 c:OrdinaryShareClass4 2023-05-01 2024-04-30 05149007 c:OrdinaryShareClass4 2024-04-30 05149007 c:OrdinaryShareClass4 2023-04-30 05149007 c:OrdinaryShareClass5 2023-05-01 2024-04-30 05149007 c:OrdinaryShareClass5 2024-04-30 05149007 c:OrdinaryShareClass5 2023-04-30 05149007 c:FRS102 2023-05-01 2024-04-30 05149007 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05149007 c:FullAccounts 2023-05-01 2024-04-30 05149007 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05149007 2 2023-05-01 2024-04-30 05149007 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 05149007 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 05149007 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05149007









HG DIGITAL GRAPHICS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
HG DIGITAL GRAPHICS LIMITED
REGISTERED NUMBER: 05149007

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
112,306
135,416

  
112,306
135,416

Current assets
  

Stocks
 5 
8,000
8,000

Debtors: amounts falling due within one year
 6 
134,976
140,512

Cash at bank and in hand
 7 
55,800
60,693

  
198,776
209,205

Creditors: amounts falling due within one year
 8 
(196,152)
(201,576)

Net current assets
  
 
 
2,624
 
 
7,629

Total assets less current liabilities
  
114,930
143,045

Creditors: amounts falling due after more than one year
 9 
(43,495)
(78,487)

Provisions for liabilities
  

Deferred tax
 11 
(27,149)
(33,854)

  
 
 
(27,149)
 
 
(33,854)

Net assets
  
44,286
30,704


Capital and reserves
  

Called up share capital 
 12 
1,000
1,000

Profit and loss account
  
43,286
29,704

  
44,286
30,704

Page 1

 
HG DIGITAL GRAPHICS LIMITED
REGISTERED NUMBER: 05149007
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 January 2025.




P Murphy Esq
S Varrow Esq
Director
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

HG Digital Graphics Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Unit 49 Victoria Industrial Park, Victoria Road, Dartford, Kent, DA1 5AJ. 
The principal activity of the company during the year has been that of the printing of graphics on records. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

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

Page 3

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & Machinery
-
10% Straight line
Motor Vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 6

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and Machinery

£



Cost or valuation


At 1 May 2023
577,391


Disposals
(4,114)



At 30 April 2024

573,277



Depreciation


At 1 May 2023
441,975


Charge for the year
22,834


Disposals
(3,838)



At 30 April 2024

460,971



Net book value



At 30 April 2024
112,306



At 30 April 2023
135,416


5.


Stocks

2024
2023
£
£

Stock
8,000
8,000

8,000
8,000


Page 7

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
132,159
137,926

Prepayments
2,817
2,586

134,976
140,512



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
55,800
60,693

55,800
60,693



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
34,922
34,851

Trade creditors
93,965
130,199

Corporation tax
44,476
21,987

Other taxation and social security
13,496
10,136

Other creditors
453
453

Accruals
8,840
3,950

196,152
201,576



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
43,495
78,487

43,495
78,487


Page 8

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
34,922
34,851

Amounts falling due 1-2 years

Bank loans
40,742
34,992

Amounts falling due 2-5 years

Bank loans
2,753
43,495


78,417
113,338


Page 9

 
HG DIGITAL GRAPHICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(33,854)
(39,445)


Charged to profit or loss
6,705
5,591



At end of year
(27,149)
(33,854)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(27,149)
(33,854)

(27,149)
(33,854)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



350 (2023 - 350) Ordinary 'A' shares of £1.00 each
350
350
200 (2023 - 200) Ordinary 'B' shares of £1.00 each
200
200
200 (2023 - 200) Ordinary 'C' shares of £1.00 each
200
200
150 (2023 - 150) Ordinary 'D' shares of £1.00 each
150
150
100 (2023 - 100) Ordinary 'E' shares of £1.00 each
100
100

1,000

1,000



13.


Related party transactions

The directors have an interest in dividends paid during the year of £105,234 (2022 - £102,034).

 
Page 10