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REGISTERED NUMBER: 07148301 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2024

for

CAZENOVE PRINTERS LIMITED

CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Contents of the Financial Statements
for the year ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAZENOVE PRINTERS LIMITED

Company Information
for the year ended 28 February 2024







Director: Mr K Cohen





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 07148301 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Balance Sheet
28 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 1,000 7,283
Tangible assets 5 71,048 79,909
72,048 87,192

Current assets
Stocks 6 258,944 247,382
Debtors 7 477,657 236,642
Cash at bank and in hand 62,157 92,660
798,758 576,684
Creditors
Amounts falling due within one year 8 345,210 211,794
Net current assets 453,548 364,890
Total assets less current liabilities 525,596 452,082

Provisions for liabilities 890 3,105
Net assets 524,706 448,977

Capital and reserves
Called up share capital 10 1 1
Retained earnings 524,705 448,976
Shareholders' funds 524,706 448,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Mr K Cohen - Director


CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Notes to the Financial Statements
for the year ended 28 February 2024


1. Statutory information

Cazenove Printers 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 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provision do not match the level of debts which ultimately prove to be uncollectable.

There is estimation uncertainty in calculating depreciation. A review of fixed assets is carried out by management. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful economic life of the assets.

There is estimation uncertainty in calculating deferred tax. A review of the provision for future taxation is carried out by management. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when an asset is disposed off.

There is estimation uncertainty in calculating stock provision. A full line by line review of stock is carried out at the end of each month. Whilst every attempt is made to ensure that the stock provision is as accurate as possible, there remains a risk that the provision does not match the level of stock which ultimately prove to be obsolete.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

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.
Freehold property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 and 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 3 (2023 - 3 ) .

CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


4. Intangible fixed assets
Development
Goodwill costs Totals
£ £ £
Cost
At 1 March 2023
and 28 February 2024 30,000 18,850 48,850
Amortisation
At 1 March 2023 30,000 11,567 41,567
Amortisation for year - 6,283 6,283
At 28 February 2024 30,000 17,850 47,850
Net book value
At 28 February 2024 - 1,000 1,000
At 28 February 2023 - 7,283 7,283

5. Tangible fixed assets
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
Cost
At 1 March 2023 67,489 27,397 6,256 9,993 111,135
Reclassification/transfer - (27,098 ) - - (27,098 )
At 28 February 2024 67,489 299 6,256 9,993 84,037
Depreciation
At 1 March 2023 - 19,384 4,692 7,150 31,226
Charge for year - 7,930 391 540 8,861
Reclassification/transfer - (27,098 ) - - (27,098 )
At 28 February 2024 - 216 5,083 7,690 12,989
Net book value
At 28 February 2024 67,489 83 1,173 2,303 71,048
At 28 February 2023 67,489 8,013 1,564 2,843 79,909

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
At 1 March 2023 27,098
Reclassification/transfer (27,098 )
At 28 February 2024 -
Depreciation
At 1 March 2023 19,196
Charge for year 7,902
Reclassification/transfer (27,098 )
At 28 February 2024 -
Net book value
At 28 February 2024 -
At 28 February 2023 7,902

CAZENOVE PRINTERS LIMITED (REGISTERED NUMBER: 07148301)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


6. Stocks
2024 2023
£ £
Stocks 258,944 247,382

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 431,394 190,379
Other debtors 46,263 46,263
477,657 236,642

8. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts (see note 9) - 394
Trade creditors 94,767 116,514
Taxation and social security 46,261 39,267
Other creditors 204,182 55,619
345,210 211,794

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year - 394

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

11. Related party disclosures

During the year, the company had use of a property provided rent free by the director.