3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP SC474887 2023-04-01 2024-03-31 SC474887 2024-03-31 SC474887 2023-03-31 SC474887 2022-04-01 2023-03-31 SC474887 2023-03-31 SC474887 2022-03-31 SC474887 core:FurnitureFittings 2023-04-01 2024-03-31 SC474887 bus:Director1 2023-04-01 2024-03-31 SC474887 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 SC474887 core:FurnitureFittings 2024-03-31 SC474887 core:WithinOneYear 2024-03-31 SC474887 core:WithinOneYear 2023-03-31 SC474887 core:AfterOneYear 2024-03-31 SC474887 core:AfterOneYear 2023-03-31 SC474887 core:ShareCapital 2024-03-31 SC474887 core:ShareCapital 2023-03-31 SC474887 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC474887 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC474887 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 SC474887 core:FurnitureFittings 2023-03-31 SC474887 bus:SmallEntities 2023-04-01 2024-03-31 SC474887 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC474887 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC474887 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC474887 bus:FullAccounts 2023-04-01 2024-03-31 SC474887 core:OfficeEquipment 2023-04-01 2024-03-31 SC474887 core:OfficeEquipment 2024-03-31 SC474887 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: SC474887
The Printworks (Burnhaven) Limited
Filleted Unaudited Financial Statements
31 March 2024
The Printworks (Burnhaven) Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
748,168
748,168
Current assets
Debtors
6
15,562
664
Cash at bank and in hand
21,235
4,442
--------
-------
36,797
5,106
Creditors: amounts falling due within one year
7
( 54,209)
( 62,599)
--------
--------
Net current liabilities
( 17,412)
( 57,493)
---------
---------
Total assets less current liabilities
730,756
690,675
Creditors: amounts falling due after more than one year
8
( 585,725)
( 630,224)
---------
---------
Net assets
145,031
60,451
---------
---------
The Printworks (Burnhaven) Limited
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
144,931
60,351
---------
--------
Shareholder funds
145,031
60,451
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
Mr A B Murray
Director
Company registration number: SC474887
The Printworks (Burnhaven) Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Jasmine Cottage, Woodside Place, Banchory, AB31 5XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Freehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
748,163
82,974
17,324
848,461
---------
--------
--------
---------
Depreciation
At 1 April 2023 and 31 March 2024
82,971
17,322
100,293
---------
--------
--------
---------
Carrying amount
At 31 March 2024
748,163
3
2
748,168
---------
--------
--------
---------
At 31 March 2023
748,163
3
2
748,168
---------
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
6,100
664
Other debtors
9,462
--------
----
15,562
664
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
38,748
35,139
Trade creditors
11,530
22,127
Social security and other taxes
317
606
Other creditors
3,614
4,727
--------
--------
54,209
62,599
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
246,327
285,076
Amounts owed to related party
339,398
345,148
---------
---------
585,725
630,224
---------
---------
9. Transactions with directors
An interest free loan of £339,398 (£345,148 - 2023) from Burnhaven Properties Limited, a company of which A B Murray is a director and shareholder is included in creditors : amounts falling due after more than one year. An interest free loan of £68 (£68 - 2023) from the director, A B Murray, is included creditors : amounts falling due within one year.