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REGISTERED NUMBER: 05957905 (England and Wales)















SCREEN PRINT WORLD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


SCREEN PRINT WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr D. Roper



REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



REGISTERED NUMBER: 05957905 (England and Wales)



ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU



BANKERS: HSBC Bank Plc
15 Load Street
Bewdley
Worcestershire
DY12 2AD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SCREEN PRINT WORLD LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Screen Print World Limited for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Screen Print World Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Screen Print World Limited and state those matters that we have agreed to state to the director of Screen Print World Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Screen Print World Limited and its director for our work or for this report.

It is your duty to ensure that Screen Print World Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Screen Print World Limited. You consider that Screen Print World Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Screen Print World Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


28 February 2025

SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 189,009 229,201
189,009 229,201

CURRENT ASSETS
Stocks 201,350 167,478
Debtors 6 190,949 150,763
Cash at bank and in hand 265,398 111,485
657,697 429,726
CREDITORS
Amounts falling due within one year 7 355,197 272,469
NET CURRENT ASSETS 302,500 157,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,509

386,458

PROVISIONS FOR LIABILITIES 42,481 51,800
NET ASSETS 449,028 334,658

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 448,928 334,558
SHAREHOLDERS' FUNDS 449,028 334,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 director and authorised for issue on 28 February 2025 and were signed by:





Mr D. Roper - Director


SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Screen Print World 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.

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 net sales of goods/services, excluding value added tax

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

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 12 (2023 - 13 ) .

SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 52,500
AMORTISATION
At 1 November 2023
and 31 October 2024 52,500
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 240,778 16,814 60,803 25,835 344,230
Additions - - 22,074 - 22,074
Disposals - - (13,475 ) - (13,475 )
At 31 October 2024 240,778 16,814 69,402 25,835 352,829
DEPRECIATION
At 1 November 2023 59,537 9,742 25,453 20,297 115,029
Charge for year 36,248 1,060 9,329 4,849 51,486
Eliminated on disposal - - (2,695 ) - (2,695 )
At 31 October 2024 95,785 10,802 32,087 25,146 163,820
NET BOOK VALUE
At 31 October 2024 144,993 6,012 37,315 689 189,009
At 31 October 2023 181,241 7,072 35,350 5,538 229,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,923 85,475
Other debtors 32,026 65,288
190,949 150,763

SCREEN PRINT WORLD LIMITED (REGISTERED NUMBER: 05957905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,862 107,904
Taxation and social security 93,717 37,585
Other creditors 184,618 126,980
355,197 272,469

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr D. Roper
Balance outstanding at start of year 65,288 -
Amounts advanced - 65,288
Amounts repaid (65,288 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 65,288