IRIS Accounts Production v24.3.2.46 SC342074 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3420742023-05-31SC3420742024-05-31SC3420742023-06-012024-05-31SC3420742022-05-31SC3420742022-06-012023-05-31SC3420742023-05-31SC342074ns15:Scotland2023-06-012024-05-31SC342074ns14:PoundSterling2023-06-012024-05-31SC342074ns10:Director12023-06-012024-05-31SC342074ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC342074ns10:SmallEntities2023-06-012024-05-31SC342074ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC342074ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC342074ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC342074ns10:FullAccounts2023-06-012024-05-31SC342074ns10:RegisteredOffice2023-06-012024-05-31SC342074ns5:CurrentFinancialInstruments2024-05-31SC342074ns5:CurrentFinancialInstruments2023-05-31SC342074ns5:ShareCapital2024-05-31SC342074ns5:ShareCapital2023-05-31SC342074ns5:RetainedEarningsAccumulatedLosses2024-05-31SC342074ns5:RetainedEarningsAccumulatedLosses2023-05-31SC342074ns5:PlantMachinery2023-06-012024-05-31SC342074ns5:FurnitureFittings2023-06-012024-05-31SC342074ns5:MotorVehicles2023-06-012024-05-31SC342074ns5:ComputerEquipment2023-06-012024-05-31SC342074ns5:PlantMachinery2023-05-31SC342074ns5:FurnitureFittings2023-05-31SC342074ns5:MotorVehicles2023-05-31SC342074ns5:ComputerEquipment2023-05-31SC342074ns5:PlantMachinery2024-05-31SC342074ns5:FurnitureFittings2024-05-31SC342074ns5:MotorVehicles2024-05-31SC342074ns5:ComputerEquipment2024-05-31SC342074ns5:PlantMachinery2023-05-31SC342074ns5:FurnitureFittings2023-05-31SC342074ns5:MotorVehicles2023-05-31SC342074ns5:ComputerEquipment2023-05-31SC342074ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC342074ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC342074 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PRINT SUPPLIES & SERVICES LTD.

PRINT SUPPLIES & SERVICES LTD. (REGISTERED NUMBER: SC342074)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PRINT SUPPLIES & SERVICES LTD.

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: G Murray



REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KA7 2AY



REGISTERED NUMBER: SC342074 (Scotland)



ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY



BANKERS: Royal Bank of Scotland
East Kilbride Branch
24/25 Princess Square
East Kilbride
G74 1LJ

PRINT SUPPLIES & SERVICES LTD. (REGISTERED NUMBER: SC342074)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,329 30,351

CURRENT ASSETS
Stocks 135,107 160,005
Debtors 5 238,549 247,174
Cash at bank 265,151 254,981
638,807 662,160
CREDITORS
Amounts falling due within one year 6 176,129 187,489
NET CURRENT ASSETS 462,678 474,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,007

505,022

PROVISIONS FOR LIABILITIES 13,329 5,277
NET ASSETS 505,678 499,745

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 505,578 499,645
SHAREHOLDERS' FUNDS 505,678 499,745

PRINT SUPPLIES & SERVICES LTD. (REGISTERED NUMBER: SC342074)

STATEMENT OF FINANCIAL POSITION - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 22 January 2025 and were signed by:





G Murray - Director


PRINT SUPPLIES & SERVICES LTD. (REGISTERED NUMBER: SC342074)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Print Supplies & Services Ltd. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 8% 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.

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.

Debtors
Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors
Creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

PRINT SUPPLIES & SERVICES LTD. (REGISTERED NUMBER: SC342074)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 996 7,742 79,995 3,214 91,947
Additions 48,324 - - - 48,324
Disposals - - (18,995 ) - (18,995 )
At 31 May 2024 49,320 7,742 61,000 3,214 121,276
DEPRECIATION
At 1 June 2023 985 7,432 50,534 2,645 61,596
Charge for year 12,084 78 6,519 284 18,965
Eliminated on disposal - - (15,614 ) - (15,614 )
At 31 May 2024 13,069 7,510 41,439 2,929 64,947
NET BOOK VALUE
At 31 May 2024 36,251 232 19,561 285 56,329
At 31 May 2023 11 310 29,461 569 30,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,499 236,311
Other debtors 10,050 10,863
238,549 247,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 125,358 123,762
Taxation and social security 47,108 60,551
Other creditors 3,663 3,176
176,129 187,489