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REGISTERED NUMBER: 04282502 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Stramongate Press Limited

Stramongate Press Limited (Registered number: 04282502)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Stramongate Press Limited (Registered number: 04282502)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 98,012 126,314
98,012 126,314

CURRENT ASSETS
Stocks 95,017 87,604
Debtors 6 200,070 234,488
Cash at bank and in hand 50,196 56,485
345,283 378,577
CREDITORS
Amounts falling due within one year 7 224,253 226,787
NET CURRENT ASSETS 121,030 151,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,042

278,104

CREDITORS
Amounts falling due after more than one
year

8

(72,073

)

(135,647

)

PROVISIONS FOR LIABILITIES (18,622 ) (25,802 )
NET ASSETS 128,347 116,655

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 127,147 115,455
128,347 116,655

Stramongate Press Limited (Registered number: 04282502)

Balance Sheet - continued
30 April 2024


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.

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 9 January 2025 and were signed on its behalf by:





S Holden - Director


Stramongate Press Limited (Registered number: 04282502)

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

1. STATUTORY INFORMATION

Stramongate Press 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: 04282502

Registered office: Aynam Mills
Little Aynam
Kendal
LA9 7AH

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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost and 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred 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 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.


Stramongate Press Limited (Registered number: 04282502)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 95,753
AMORTISATION
At 1 May 2023
and 30 April 2024 95,753
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Stramongate Press Limited (Registered number: 04282502)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 25,612 621,584 647,196
Additions - 22,760 22,760
Disposals - (11,500 ) (11,500 )
At 30 April 2024 25,612 632,844 658,456
DEPRECIATION
At 1 May 2023 5,549 515,333 520,882
Charge for year 5,122 35,015 40,137
Eliminated on disposal - (575 ) (575 )
At 30 April 2024 10,671 549,773 560,444
NET BOOK VALUE
At 30 April 2024 14,941 83,071 98,012
At 30 April 2023 20,063 106,251 126,314

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 115,620 159,825
Other debtors 84,450 74,663
200,070 234,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 64,011 73,356
Trade creditors 60,249 82,271
Taxation and social security 50,096 25,376
Other creditors 49,897 45,784
224,253 226,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 72,073 135,647