IRIS Accounts Production v24.3.0.553 08545098 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085450982023-03-31085450982024-03-31085450982023-04-012024-03-31085450982022-05-31085450982022-06-012023-03-31085450982023-03-3108545098ns15:EnglandWales2023-04-012024-03-3108545098ns14:PoundSterling2023-04-012024-03-3108545098ns10:Director12023-04-012024-03-3108545098ns10:Director22023-04-012024-03-3108545098ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108545098ns10:SmallEntities2023-04-012024-03-3108545098ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108545098ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108545098ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108545098ns10:AbridgedAccounts2023-04-012024-03-310854509812023-04-012024-03-3108545098ns5:CurrentFinancialInstruments2024-03-3108545098ns5:CurrentFinancialInstruments2023-03-3108545098ns5:Non-currentFinancialInstruments2024-03-3108545098ns5:Non-currentFinancialInstruments2023-03-3108545098ns5:ShareCapital2024-03-3108545098ns5:ShareCapital2023-03-3108545098ns5:RetainedEarningsAccumulatedLosses2024-03-3108545098ns5:RetainedEarningsAccumulatedLosses2023-03-3108545098ns10:RegisteredOffice2023-04-012024-03-3108545098ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108545098ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-3108545098ns5:PlantMachinery2023-04-012024-03-31
REGISTERED NUMBER: 08545098 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Print Print (Leicester) Limited

Print Print (Leicester) Limited (Registered number: 08545098)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Print Print (Leicester) Limited (Registered number: 08545098)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 398 1,008
Tangible assets 5 113,721 97,554
114,119 98,562

CURRENT ASSETS
Stocks 5,120 6,210
Debtors 33,647 58,697
Cash at bank and in hand 130,885 184,650
169,652 249,557
CREDITORS
Amounts falling due within one year 118,180 138,897
NET CURRENT ASSETS 51,472 110,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,591

209,222

CREDITORS
Amounts falling due after more than one
year

(11,791

)

(21,667

)

PROVISIONS FOR LIABILITIES (12,501 ) (18,727 )
NET ASSETS 141,299 168,828

Print Print (Leicester) Limited (Registered number: 08545098)

Abridged Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 141,197 168,726
SHAREHOLDERS' FUNDS 141,299 168,828

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

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 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 January 2025 and were signed on its behalf by:




H Lokat - Director



R Lokat - Director


Print Print (Leicester) Limited (Registered number: 08545098)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Print Print (Leicester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08545098

Registered office: 43 Carlisle Street
Leicester
LE3 6AH

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.

Changes in accounting policies
Plant & Machinery Depreciation Policy Adjustment

During the year, the directors reviewed the estimated useful lives of certain plant assets and concluded that the previous depreciation rate of 20% on cost no longer accurately reflects the assets' useful lives. As a result, the depreciation policy has been revised to 10% on cost.

The change in depreciation policy is based on the directors' assessment that the affected assets have a longer useful life than previously estimated. An adjustment has been made in the accounts to reflect this change in policy, ensuring the financial statements more accurately present the carrying value of these assets.

This change has been applied prospectively, and the impact of the adjustment is reflected in the current year's financial statements.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Print Print (Leicester) Limited (Registered number: 08545098)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Print Print (Leicester) Limited (Registered number: 08545098)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 13,593
Additions 455
At 31 March 2024 14,048
AMORTISATION
At 1 April 2023 12,585
Amortisation for year 1,065
At 31 March 2024 13,650
NET BOOK VALUE

At 31 March 2024 398
At 31 March 2023 1,008

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 201,904
Additions 32,495
Disposals (31,457 )
At 31 March 2024 202,942
DEPRECIATION
At 1 April 2023 104,350
Charge for year 59,377
Eliminated on disposal (74,506 )
At 31 March 2024 89,221
NET BOOK VALUE
At 31 March 2024 113,721
At 31 March 2023 97,554