IRIS Accounts Production v24.3.2.46 01724476 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017244762023-04-30017244762024-04-30017244762023-05-012024-04-30017244762022-04-30017244762022-05-012023-04-30017244762023-04-3001724476ns15:EnglandWales2023-05-012024-04-3001724476ns14:PoundSterling2023-05-012024-04-3001724476ns10:Director12023-05-012024-04-3001724476ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001724476ns10:SmallEntities2023-05-012024-04-3001724476ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3001724476ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001724476ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001724476ns10:FullAccounts2023-05-012024-04-300172447612023-05-012024-04-3001724476ns10:RegisteredOffice2023-05-012024-04-3001724476ns5:CurrentFinancialInstruments2024-04-3001724476ns5:CurrentFinancialInstruments2023-04-3001724476ns5:Non-currentFinancialInstruments2024-04-3001724476ns5:Non-currentFinancialInstruments2023-04-3001724476ns5:ShareCapital2024-04-3001724476ns5:ShareCapital2023-04-3001724476ns5:RetainedEarningsAccumulatedLosses2024-04-3001724476ns5:RetainedEarningsAccumulatedLosses2023-04-3001724476ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3001724476ns5:ComputerSoftware2023-05-012024-04-3001724476ns5:PlantMachinery2023-05-012024-04-3001724476ns5:FurnitureFittings2023-05-012024-04-3001724476ns5:MotorVehicles2023-05-012024-04-3001724476ns5:ComputerEquipment2023-05-012024-04-3001724476ns5:NetGoodwill2023-04-3001724476ns5:IntangibleAssetsOtherThanGoodwill2023-04-3001724476ns5:NetGoodwill2023-05-012024-04-3001724476ns5:NetGoodwill2024-04-3001724476ns5:IntangibleAssetsOtherThanGoodwill2024-04-3001724476ns5:NetGoodwill2023-04-3001724476ns5:IntangibleAssetsOtherThanGoodwill2023-04-3001724476ns5:PlantMachinery2023-04-3001724476ns5:PlantMachinery2024-04-3001724476ns5:PlantMachinery2023-04-3001724476ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001724476ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 01724476 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Crestline Printers Limited

Crestline Printers Limited (Registered number: 01724476)






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

Chartered Certified Accountants' Report 8

Crestline Printers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: JA Turner





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 01724476 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Crestline Printers Limited (Registered number: 01724476)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 70,620 28,645
Tangible assets 6 81,073 57,138
151,693 85,783

CURRENT ASSETS
Stocks 60,000 64,949
Debtors 7 316,722 172,760
Cash at bank and in hand 13,367 301,876
390,089 539,585
CREDITORS
Amounts falling due within one year 8 256,495 297,157
NET CURRENT ASSETS 133,594 242,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,287

328,211

CREDITORS
Amounts falling due after more than one year 9 (47,958 ) (87,500 )

PROVISIONS FOR LIABILITIES - (19,730 )
NET ASSETS 237,329 220,981

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 237,327 220,979
SHAREHOLDERS' FUNDS 237,329 220,981

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 director acknowledges his 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.

Crestline Printers Limited (Registered number: 01724476)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





JA Turner - Director


Crestline Printers Limited (Registered number: 01724476)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Crestline Printers 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statement are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cashflow statement exemption
The company has availed of the exemption contained in Section 1A of FRS 102 and as a result have elected not to prepare a cash flow statement.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its
performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

The following criteria must also be met before revenue is recognised:

Sale of goods & services
Revenue is recognised when the significant risks and rewards of ownership of the goods and services have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

These criteria are considered to be met when the goods are delivered to the buyer and on completion of the services performed.

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.

Website is being amortised evenly over its estimated useful life of nil years.

Crestline Printers Limited (Registered number: 01724476)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each
reporting period. The effect of any change is accounted for prospectively.

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 Profit & Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Crestline Printers Limited (Registered number: 01724476)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 10,400 28,645 39,045
Additions - 41,975 41,975
At 30 April 2024 10,400 70,620 81,020
AMORTISATION
At 1 May 2023
and 30 April 2024 10,400 - 10,400
NET BOOK VALUE
At 30 April 2024 - 70,620 70,620
At 30 April 2023 - 28,645 28,645

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 221,016
Additions 58,191
Disposals (13,100 )
At 30 April 2024 266,107
DEPRECIATION
At 1 May 2023 163,878
Charge for year 24,431
Eliminated on disposal (3,275 )
At 30 April 2024 185,034
NET BOOK VALUE
At 30 April 2024 81,073
At 30 April 2023 57,138

Crestline Printers Limited (Registered number: 01724476)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 100,428 70,600
Amounts owed by group undertakings 106,377 -
Other debtors 109,917 102,160
316,722 172,760

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,603 -
Trade creditors 100,274 180,179
Amounts owed to group undertakings - 10,855
Taxation and social security 86,694 26,562
Other creditors 53,924 69,561
256,495 297,157

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,830 20,833
Hire purchase contracts 20,461 -
Other creditors 16,667 66,667
47,958 87,500

10. PENSION COMMITMENTS

The company operates a defined contribution scheme. The company makes contributions to its pension scheme for employees when required. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there was no contributions due to the scheme.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Babsco Limited.

The parent company registered office is the same as detailed on the company information page.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Crestline Printers Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crestline Printers Limited for the year ended 30 April 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Crestline Printers Limited in accordance with the terms of our engagement letter dated 10 November 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Crestline Printers Limited and state those matters that we have agreed to state to the director of Crestline Printers Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Crestline Printers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crestline Printers Limited. You consider that Crestline Printers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crestline Printers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


20 January 2025