Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truetrue15truetruetruetruetruefalse2023-05-01truemanufacture of plastic products18false 02018225 2023-05-01 2024-04-30 02018225 2022-05-01 2023-04-30 02018225 2024-04-30 02018225 2023-04-30 02018225 2022-05-01 02018225 2 2023-05-01 2024-04-30 02018225 2 2022-05-01 2023-04-30 02018225 5 2022-05-01 2023-04-30 02018225 d:Director2 2023-05-01 2024-04-30 02018225 e:Buildings 2023-05-01 2024-04-30 02018225 e:Buildings 2024-04-30 02018225 e:Buildings 2023-04-30 02018225 e:Buildings e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:PlantMachinery 2023-05-01 2024-04-30 02018225 e:PlantMachinery 2024-04-30 02018225 e:PlantMachinery 2023-04-30 02018225 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:MotorVehicles 2023-05-01 2024-04-30 02018225 e:MotorVehicles 2024-04-30 02018225 e:MotorVehicles 2023-04-30 02018225 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:FurnitureFittings 2023-05-01 2024-04-30 02018225 e:FurnitureFittings 2024-04-30 02018225 e:FurnitureFittings 2023-04-30 02018225 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:ComputerEquipment 2023-05-01 2024-04-30 02018225 e:ComputerEquipment 2024-04-30 02018225 e:ComputerEquipment 2023-04-30 02018225 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02018225 e:FreeholdInvestmentProperty 2024-04-30 02018225 e:FreeholdInvestmentProperty 2023-04-30 02018225 e:CurrentFinancialInstruments 2024-04-30 02018225 e:CurrentFinancialInstruments 2023-04-30 02018225 e:Non-currentFinancialInstruments 2024-04-30 02018225 e:Non-currentFinancialInstruments 2023-04-30 02018225 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 02018225 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 02018225 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 02018225 e:Non-currentFinancialInstruments e:AfterOneYear 2023-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-04-30 02018225 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-04-30 02018225 e:ShareCapital 2024-04-30 02018225 e:ShareCapital 2023-04-30 02018225 e:ShareCapital 2022-05-01 02018225 e:RevaluationReserve 2023-05-01 2024-04-30 02018225 e:RevaluationReserve 2024-04-30 02018225 e:RevaluationReserve 2 2023-05-01 2024-04-30 02018225 e:RevaluationReserve 2023-04-30 02018225 e:RevaluationReserve 2022-05-01 02018225 e:RevaluationReserve 2 2022-05-01 2023-04-30 02018225 e:RevaluationReserve 5 2022-05-01 2023-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2023-05-01 2024-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2024-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2 2023-05-01 2024-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2023-04-30 02018225 e:InvestmentPropertiesRevaluationReserve 2022-05-01 02018225 e:InvestmentPropertiesRevaluationReserve 2 2022-05-01 2023-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2 2023-05-01 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2023-04-30 02018225 e:RetainedEarningsAccumulatedLosses 2022-05-01 02018225 e:RetainedEarningsAccumulatedLosses 2 2022-05-01 2023-04-30 02018225 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02018225 e:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02018225 e:TaxLossesCarry-forwardsDeferredTax 2024-04-30 02018225 e:TaxLossesCarry-forwardsDeferredTax 2023-04-30 02018225 e:OtherDeferredTax 2024-04-30 02018225 e:OtherDeferredTax 2023-04-30 02018225 d:FRS102 2023-05-01 2024-04-30 02018225 d:Audited 2023-05-01 2024-04-30 02018225 d:FullAccounts 2023-05-01 2024-04-30 02018225 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02018225 d:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02018225 5 2023-05-01 2024-04-30 02018225 e:ShareCapital 2 2023-05-01 2024-04-30 02018225 e:ShareCapital 2 2022-05-01 2023-04-30 02018225 f:PoundSterling 2023-05-01 2024-04-30 02018225 e:RetainedEarningsAccumulatedLosses 5 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 02018225









JET PRESS SHIREBROOK LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
JET PRESS SHIREBROOK LIMITED
REGISTERED NUMBER: 02018225

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
833,536
767,766

Investment property
 5 
275,000
275,000

  
1,108,536
1,042,766

Current assets
  

Stocks
  
189,588
179,478

Debtors: amounts falling due within one year
 6 
277,443
138,894

Cash at bank and in hand
 7 
9,583
64,038

  
476,614
382,410

Creditors: amounts falling due within one year
 8 
(275,255)
(188,334)

Net current assets
  
 
 
201,359
 
 
194,076

Total assets less current liabilities
  
1,309,895
1,236,842

Creditors: amounts falling due after more than one year
 9 
(14,585)
(24,742)

Provisions for liabilities
  

Deferred tax
 11 
(100,915)
(73,601)

Net assets
  
1,194,395
1,138,499


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Asset revaluation reserve
 12 
257,179
269,509

Investment property reserve
 12 
114,000
117,076

Profit and loss account
 12 
822,216
750,914

  
1,194,395
1,138,499


Page 1

 
JET PRESS SHIREBROOK LIMITED
REGISTERED NUMBER: 02018225
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 November 2024.




S R Cusick
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
JET PRESS SHIREBROOK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Asset revaluation reserve
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 May 2022
1,000
-
-
723,940
724,940



Profit for the year
-
-
-
144,050
144,050

Surplus on revaluation of freehold property
-
349,903
-
-
349,903

Movement on deferred tax
-
(80,394)
-
-
(80,394)

Surplus on revaluation of investment property
-
-
117,076
(117,076)
-



At 1 May 2023
1,000
269,509
117,076
750,914
1,138,499



Profit for the year
-
-
-
61,228
61,228

Movement on deferred tax
-
(5,332)
-
-
(5,332)

Transfer to/from profit and loss account
-
(6,998)
-
6,998
-

Surplus on revaluation of investment property
-
-
(3,076)
3,076
-


At 30 April 2024
1,000
257,179
114,000
822,216
1,194,395


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Jet Press Shirebrook Limited changed its name from Acorn Mouldings Limited on 19 May 2023.
The company is a private limited company incorporated and domiciled in England.  Its registered office and principal place of business are situated at Kingfisher House, Portland Road, Shirebrook, Mansfield, Nottinghamshire NG20 8TY.
The principal activity of the company is the manufacture of plastic products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7;
the requirement of paragraph 24(b) of IFRS 6 Exploration for and Evaluation of Mineral Resources to disclose the operating and investing cash flows arising from the exploration for and evaluation of mineral resources (when applying this standard in accordance with paragraph 34.11 of FRS 102).

This information is included in the consolidated financial statements of Jet Press Holdings Limited as at 30 April 2024 and these financial statements may be obtained from Companies House.

Page 4

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Going concern

The company is supported by its immediate parent company.  Discussions with the parent company give the directors no reason to believe this support will be withdrawn in the foreseeable future.  The directors have reviewed the working capital requirements of the buisness and anticipated cash flows for the 12 months ending 31 August 2025.
 
On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation of the financial statements.

 
2.4

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 5

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line or reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 7

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.



 
Page 8

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 15).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 May 2023
650,000
647,270
22,795
180,173
684
1,500,922


Additions
12,466
93,015
-
2,267
974
108,722


Disposals
-
-
(22,795)
-
-
(22,795)



At 30 April 2024

662,466
740,285
-
182,440
1,658
1,586,849



Depreciation


At 1 May 2023
-
559,268
21,162
152,672
56
733,158


Charge for the year on owned assets
13,227
22,768
165
5,013
309
41,482


Disposals
-
-
(21,327)
-
-
(21,327)



At 30 April 2024

13,227
582,036
-
157,685
365
753,313



Net book value



At 30 April 2024
649,239
158,249
-
24,755
1,293
833,536



At 30 April 2023
650,000
88,002
1,634
27,501
629
767,766

The freehold property was valued on an open market for existing use basis by the directors using an average of the professional valuations obtained from Fisher Hargreaves Proctor Limited and Innes England Limited on 31 March 2023.  The directors do not consider any movement in market value since that time to be material.

Page 9

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
300,097
300,097

Accumulated depreciation
(6,002)
-

Net book value
294,095
300,097


5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
275,000



At 30 April 2024
275,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
123,000
123,000


6.


Debtors

2024
2023
£
£


Trade debtors
48,214
118,705

Prepayments and accrued income
229,229
20,189

277,443
138,894


Page 10

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,583
64,038



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,726
9,677

Trade creditors
64,836
84,450

Other taxation and social security
20,096
12,081

Other creditors
165,039
68,829

Accruals and deferred income
15,558
13,297

275,255
188,334



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,585
24,742


Page 11

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,726
9,677

Amounts falling due 1-2 years

Bank loans
10,197
10,005

Amounts falling due 2-5 years

Bank loans
4,388
14,736


24,311
34,418


The bank loan is an unsecured Bounce Back loan.


11.


Deferred taxation




2024


£






At beginning of year
73,601


Charged to profit or loss
(21,982)


Charged to other comprehensive income
(5,332)



At end of year
100,915

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
48,347
29,441

Tax losses carried forward
(71,158)
(71,158)

Revaluation surpluses
123,726
115,318

100,915
73,601

Page 12

 
JET PRESS SHIREBROOK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Reserves

Asset revaluation reserve

Unrealised gains and losses on revaluation of fixed assets, net of the related deferred tax charge, are held separately in the asset revaluation reserve.  These gains are not distributable.  The difference between depreciation calculated on the valuation of the the relevant assets and on their historical cost is released to the profit and loss account each year.

Investment property revaluation reserve

Unrealised gains and losses on revaluation of investment properties, net of the related deferred tax charge, are held separately in the investment property revaluation reserve.  These gains are not distributable.

Profit and loss account

Total comprehensive income for the year is retained and carried forward in the profit and loss account.


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,948 (2023: £7,927). Contributions totalling £229 (2023: £274) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

The company is a wholly owned subsidiary of Jet Press Limited, a private limited company incorporated and domiciled in England. 
Jet Press Limited is a wholly owned subsidiary of Jet Press Holdings Limited, a private limited company incorporated and domiciled in Scotland.
The company's results are included in the group financial statements prepared by Jet Press Holdings Limited, which can be obtained from Companies House (company number SC619070).
G Schwarz holds the controlling interest in Jet Press Holdings Limited and is therefore the ultimate controlling party of Jet Press Shirebrook Limited.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 30 April 2024 was unqualified.

The audit report was signed on 4 November 2024 by Jonathan Wilson FCA CTA (senior statutory auditor) on behalf of Barnett & Turner Accountants Ltd.

 
Page 13