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Registered number: 03994500
Printdirect (U.K.) Limited
Financial Statements
For The Year Ended 31 October 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03994500
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 420,706 421,541
420,706 421,541
CURRENT ASSETS
Debtors 5 2,188 3,386
Cash at bank and in hand 3,255 4,212
5,443 7,598
Creditors: Amounts Falling Due Within One Year 6 (36,698 ) (37,254 )
NET CURRENT ASSETS (LIABILITIES) (31,255 ) (29,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES 389,451 391,885
Creditors: Amounts Falling Due After More Than One Year 7 (66,848 ) (85,920 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (74 ) (88 )
NET ASSETS 322,529 305,877
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 109,225 109,225
Profit and Loss Account 213,302 196,650
SHAREHOLDERS' FUNDS 322,529 305,877
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J Y Ashworth
Director
17th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Printdirect (U.K.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03994500 . The registered office is The Print Factory, Slaidburn Crescent, Southport, Merseyside, PR9 9YF. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% reducing balance
2.4. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 416,512 56,749 79,897 20,897 574,055
As at 31 October 2024 416,512 56,749 79,897 20,897 574,055
Depreciation
As at 1 November 2023 - 55,374 76,310 20,830 152,514
Provided during the period - 275 538 22 835
As at 31 October 2024 - 55,649 76,848 20,852 153,349
Net Book Value
As at 31 October 2024 416,512 1,100 3,049 45 420,706
As at 1 November 2023 416,512 1,375 3,587 67 421,541
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,668 1,650
Other debtors 520 1,736
2,188 3,386
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 195 660
Bank loans and overdrafts 16,010 16,009
Other creditors 110 -
Taxation and social security 20,383 20,585
36,698 37,254
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 66,848 85,920
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 November 2023 109,225
As at 31 October 2024 109,225
Page 5