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REGISTERED NUMBER: 03569168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

FINISHLINE PRINT FINISHERS LIMITED

FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINISHLINE PRINT FINISHERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Mr William Kilpatrick





SECRETARY: Mrs Jacqueline Kilpatrick





REGISTERED OFFICE: Unit 5, Hawksley Industrial Estate
Hawksley Street
Oldham
Lancashire
OL8 4PQ





REGISTERED NUMBER: 03569168 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,011 104,170

CURRENT ASSETS
Debtors 5 214,880 212,203
Cash at bank 251,671 312,174
466,551 524,377
CREDITORS
Amounts falling due within one year 6 387,802 397,332
NET CURRENT ASSETS 78,749 127,045
TOTAL ASSETS LESS CURRENT LIABILITIES 158,760 231,215

CREDITORS
Amounts falling due after more than one year 7 (40,000 ) (90,600 )

PROVISIONS FOR LIABILITIES (16,938 ) (22,032 )
NET ASSETS 101,822 118,583

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 101,722 118,483
SHAREHOLDERS' FUNDS 101,822 118,583

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 26 February 2025 and were signed by:





Mr William Kilpatrick - Director


FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

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


1. STATUTORY INFORMATION

Finishline Print Finishers Limited is a private company, limited by shares, registered in England and Wales, registered number is 03569168. The registered office and principle place of business is Unit 5 Hawksley Industrial Estate, Hawksley Street, Oldham, Lancashire, OL8 4PQ.

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 represents amounts recognised by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts.

Turnover principally consists of income generated from binding booklets and brochures. Turnover is recognised at the point of when the service is provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and Fittings-25% reducing balance
Motor Vehicles-25% reducing balance
Plant and Machinery-25% reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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.

FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets that are held by the Company under leases which transfer to the Company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the statements of financial position as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability, finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs . Contingent rentals are recognised as expenses in the periods in which they are incurred.

Operating lease payments are recognised as an expense on straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand. Bank borrowings are included within other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 1,253,742 18,302 28,741 1,300,785
Additions 4,550 920 - 5,470
Disposals - - (5,358 ) (5,358 )
At 31 May 2024 1,258,292 19,222 23,383 1,300,897
DEPRECIATION
At 1 June 2023 1,163,297 12,252 21,066 1,196,615
Charge for year 23,274 1,613 1,919 26,806
Eliminated on disposal - - (2,535 ) (2,535 )
At 31 May 2024 1,186,571 13,865 20,450 1,220,886
NET BOOK VALUE
At 31 May 2024 71,721 5,357 2,933 80,011
At 31 May 2023 90,445 6,050 7,675 104,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 197,515 204,838
Other debtors 17,365 7,365
214,880 212,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 10,600 15,900
Trade creditors 52,328 24,107
Taxation and social security 73,816 73,921
Other creditors 211,058 243,404
387,802 397,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 40,000 80,000
Hire purchase contracts - 10,600
40,000 90,600

8. SECURED DEBTS

A fixed charge dated 30 July 1998 is held over the company's factoring account.

FINISHLINE PRINT FINISHERS LIMITED (REGISTERED NUMBER: 03569168)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1.00 100 100