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REGISTERED NUMBER: SC058429 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Exacta Print Limited

Exacta Print Limited (Registered number: SC058429)






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


Exacta Print Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: C I Reid





REGISTERED OFFICE: The Cooper Building
505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC058429 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Exacta Print Limited (Registered number: SC058429)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,884 73,678

CURRENT ASSETS
Stocks 8,603 5,924
Debtors 5 37,967 40,639
Cash at bank and in hand 139,677 41,940
186,247 88,503
CREDITORS
Amounts falling due within one year 6 62,806 87,319
NET CURRENT ASSETS 123,441 1,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,325

74,862

CREDITORS
Amounts falling due after more than one
year

7

22,500

32,500
NET ASSETS 170,825 42,362

CAPITAL AND RESERVES
Called up share capital 10 255,000 255,000
Retained earnings (84,175 ) (212,638 )
SHAREHOLDERS' FUNDS 170,825 42,362

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.

Exacta Print Limited (Registered number: SC058429)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





C I Reid - Director


Exacta Print Limited (Registered number: SC058429)

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

1. STATUTORY INFORMATION

Exacta Print Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.


Exacta Print Limited (Registered number: SC058429)

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.

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 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 216,241 50,527 25,031 60,421 352,220
Additions - - 8,500 2,543 11,043
Disposals - - (11,377 ) - (11,377 )
At 30 April 2024 216,241 50,527 22,154 62,964 351,886
DEPRECIATION
At 1 May 2023 164,574 47,582 21,681 44,705 278,542
Charge for year 7,356 35 1,910 3,192 12,493
Eliminated on disposal - - (9,033 ) - (9,033 )
At 30 April 2024 171,930 47,617 14,558 47,897 282,002
NET BOOK VALUE
At 30 April 2024 44,311 2,910 7,596 15,067 69,884
At 30 April 2023 51,667 2,945 3,350 15,716 73,678

Exacta Print Limited (Registered number: SC058429)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 29,278 33,911
Prepayments 8,689 6,728
37,967 40,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 5,573 12,438
Amounts owed to group undertakings 25,000 50,000
Tax 59 -
Social security and other taxes 3,969 3,782
VAT 7,397 8,052
Directors' current accounts 6,717 1,056
Accrued expenses 14,091 11,991
62,806 87,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 22,500 32,500

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,500 22,500

Exacta Print Limited (Registered number: SC058429)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 22,500 32,500

The Clydesdale bank plc hold a floating charge over the assets of the business.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
255,000 Ordinary shares £255000 255,000 255,000

11. RELATED PARTY DISCLOSURES

The company owes £25,000 to Reidsville Estates Limited, a company related to Exacta Print Limited by common control.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the year was J.R. Reid.