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REGISTERED NUMBER: 08534669 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

KUSTOM DESIGN PRINTING LIMITED

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)






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


KUSTOM DESIGN PRINTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S A Pagin
Mrs S Pagin





REGISTERED OFFICE: Unit 8 Network Centre
Doncaster Road
DONCASTER
DN3 1HP





REGISTERED NUMBER: 08534669 (England and Wales)

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,839,193 1,639,216

CURRENT ASSETS
Stocks 95,000 170,000
Debtors 5 318,535 231,276
Cash at bank and in hand 670,248 761,753
1,083,783 1,163,029
CREDITORS
Amounts falling due within one year 6 1,042,804 650,150
NET CURRENT ASSETS 40,979 512,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,880,172

2,152,095

CREDITORS
Amounts falling due after more than one year 7 (848,601 ) (936,992 )

PROVISIONS FOR LIABILITIES 9 (414,731 ) (295,255 )
NET ASSETS 616,840 919,848

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 616,740 919,748
SHAREHOLDERS' FUNDS 616,840 919,848

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.

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




S A Pagin - Director



Mrs S Pagin - Director


KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Kustom Design Printing 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.

The company operates from Units 7-8 Network Centre, Doncaster Rd, Doncaster, DN3 1HP.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on cost and 10% 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.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 50 (2023 - 59 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 121,443 2,701,240 32,980
Additions - 434,632 23,374
At 30 April 2024 121,443 3,135,872 56,354
DEPRECIATION
At 1 May 2023 60,271 1,208,865 32,980
Charge for year 12,144 302,581 5,844
At 30 April 2024 72,415 1,511,446 38,824
NET BOOK VALUE
At 30 April 2024 49,028 1,624,426 17,530
At 30 April 2023 61,172 1,492,375 -

Motor
vehicles Website Totals
£    £    £   
COST
At 1 May 2023 92,990 79,637 3,028,290
Additions 125,000 - 583,006
At 30 April 2024 217,990 79,637 3,611,296
DEPRECIATION
At 1 May 2023 23,248 63,710 1,389,074
Charge for year 54,497 7,963 383,029
At 30 April 2024 77,745 71,673 1,772,103
NET BOOK VALUE
At 30 April 2024 140,245 7,964 1,839,193
At 30 April 2023 69,742 15,927 1,639,216

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 1,580,227
Additions 301,000
At 30 April 2024 1,881,227
DEPRECIATION
At 1 May 2023 382,735
Charge for year 188,123
At 30 April 2024 570,858
NET BOOK VALUE
At 30 April 2024 1,310,369
At 30 April 2023 1,197,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 318,535 231,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 213,878 194,237
Trade creditors 407,095 218,401
Taxation and social security 164,480 169,562
Other creditors 257,351 67,950
1,042,804 650,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 796,518 822,409
Other creditors 52,083 114,583
848,601 936,992

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,010,396 1,016,646

KUSTOM DESIGN PRINTING LIMITED (REGISTERED NUMBER: 08534669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 414,731 295,255

Deferred
tax
£   
Balance at 1 May 2023 295,255
Movement in year 119,476
Balance at 30 April 2024 414,731

10. CAPITAL COMMITMENTS

The company has lease commitments in respect of leased premises of £Nil (2023: £20,107) for leases ended in 2024, £Nil (2023: £7,125) ended in 2023 and £71,550 ending in 2028 (2023: £16,000). It also has lease commitments of £7,714 (2023: £15,615) in respect of leased equipment ending in 2025, £Nil (2023: £3,276) which ended in 2024 and £71,727 (2023: £Nil) ending in 2028. There is a car lease agreement ending in 2025 with a commitment of £5,379 (2023: £10,759).

It has committed to purchase a further HP Indigo printer at a cost of £531,231, which will be financed via hire purchase.

11. RELATED PARTY DISCLOSURES

At the year end the directors owed the company £265,048 shown in other debtors ( 2023: £105,443). Interest is charged on the overdrawn balance.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr & Mrs Pagin due to their 100% holding of the issued shares.