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REGISTERED NUMBER: 04734875 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Print & Display Limited
T/A
p&d Ltd

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Print & Display Limited
T/A p&d Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P A Manson
G A Hatfield





REGISTERED OFFICE: Thunderbay Works
Crossgate Drive
Queens Drive Industrial Estate
Nottingham
Nottinghamshire
NG2 1LQ





REGISTERED NUMBER: 04734875 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,693,524 1,390,702

CURRENT ASSETS
Stocks 196,200 198,009
Debtors 5 2,100,227 1,567,449
Cash at bank 175,896 92,603
2,472,323 1,858,061
CREDITORS
Amounts falling due within one year 6 (2,747,084 ) (2,000,732 )
NET CURRENT LIABILITIES (274,761 ) (142,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,763

1,248,031

CREDITORS
Amounts falling due after more than one
year

7

(864,847

)

(854,541

)

PROVISIONS FOR LIABILITIES (306,327 ) (198,387 )
NET ASSETS 247,589 195,103

CAPITAL AND RESERVES
Called up share capital 751 751
Revaluation reserve 66,587 66,587
Capital redemption reserve 249 249
Retained earnings 180,002 127,516
SHAREHOLDERS' FUNDS 247,589 195,103

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 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.

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





P A Manson - Director


Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Print & Display 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 as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis. The company is reliant on the directors who have confirmed that they will not withdraw their support in the foreseeable future. The directors therefore believe that the company will continue to have sufficient funds to pay all liabilities as they fall due.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% - 40% on reducing balance

Freehold property is held at valuation.

Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

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.

Grants receivable
Capital grants are recognised under the performance model. They are credited to the profit and loss account when any performance-related conditions have been met and the grant proceeds are receivable.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 53 ) .

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 June 2023 285,000 309,537 1,735,367
Additions - 9,210 516,600
Disposals - - (89,500 )
At 31 May 2024 285,000 318,747 2,162,467
DEPRECIATION
At 1 June 2023 - 55,627 942,581
Charge for year - 26,005 136,506
Eliminated on disposal - - (27,094 )
At 31 May 2024 - 81,632 1,051,993
NET BOOK VALUE
At 31 May 2024 285,000 237,115 1,110,474
At 31 May 2023 285,000 253,910 792,786

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 146,442 22,389 2,498,735
Additions 19,038 - 544,848
Disposals - - (89,500 )
At 31 May 2024 165,480 22,389 2,954,083
DEPRECIATION
At 1 June 2023 91,310 18,515 1,108,033
Charge for year 15,860 1,249 179,620
Eliminated on disposal - - (27,094 )
At 31 May 2024 107,170 19,764 1,260,559
NET BOOK VALUE
At 31 May 2024 58,310 2,625 1,693,524
At 31 May 2023 55,132 3,874 1,390,702

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2008 81,587 - -
Valuation in 2010 20,000 - -
Valuation in 2019 (35,000 ) - -
Cost 218,413 318,747 2,162,467
285,000 318,747 2,162,467

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2008 - - 81,587
Valuation in 2010 - - 20,000
Valuation in 2019 - - (35,000 )
Cost 165,480 22,389 2,887,496
165,480 22,389 2,954,083

If freehold property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 218,413 218,413

Value of land in freehold land and buildings 150,000 150,000

Freehold property was valued on an open market basis on 31 May 2024 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,861,425 1,274,538
Amounts owed by group undertakings 222,908 265,172
Other debtors 15,894 27,739
2,100,227 1,567,449

Other debtors includes prepayments and accrued income of £5,121 (2023 - £7,016).

Print & Display Limited (Registered number: 04734875)
T/A p&d Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 127,536 106,565
Hire purchase contracts 265,985 205,590
Trade creditors 833,994 601,745
Taxation and social security 236,251 176,889
Other creditors 1,283,318 909,943
2,747,084 2,000,732

Other creditors includes accruals and deferred income of £77,755 (2023 - £48,595).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 249,152 386,804
Hire purchase contracts 615,695 467,737
864,847 854,541

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years - 123,283

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 376,688 493,369
Hire purchase contracts 881,680 673,327
Invoice discounting 1,178,719 820,879
2,437,087 1,987,575

Hire purchase contracts and finance leases are secured on the assets being so acquired.

The bank loan and invoice discounting liabilities are secured by fixed and floating charges over the assets of the company.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £4,894 (2023 - £18,039).