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REGISTERED NUMBER: 02733554 (England and Wales)






















Bootyman Printers Limited

Unaudited Financial Statements for the Year Ended 29th September 2024






Bootyman Printers Limited (Registered number: 02733554)






Contents of the Financial Statements
for the year ended 29th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bootyman Printers Limited

Company Information
for the year ended 29th September 2024







DIRECTORS: R A Johnson
T A Maciver





REGISTERED OFFICE: Units 1 & 2
Brighton Street Industrial Estate
Freightliner Road
Hull
East Yorkshire
HU3 4UW





REGISTERED NUMBER: 02733554 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Bootyman Printers Limited (Registered number: 02733554)

Balance Sheet
29th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 110,454 157,483
110,454 157,483

CURRENT ASSETS
Stocks 6 424,994 526,877
Debtors 7 3,401,107 3,585,969
Cash at bank and in hand 421,451 224,828
4,247,552 4,337,674
CREDITORS
Amounts falling due within one year 8 1,530,296 1,644,150
NET CURRENT ASSETS 2,717,256 2,693,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,827,710

2,851,007

CREDITORS
Amounts falling due after more than one
year

9

47,377

101,262
NET ASSETS 2,780,333 2,749,745

CAPITAL AND RESERVES
Called up share capital 12 15,000 15,000
Retained earnings 2,765,333 2,734,745
SHAREHOLDERS' FUNDS 2,780,333 2,749,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th September 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.

Bootyman Printers Limited (Registered number: 02733554)

Balance Sheet - continued
29th September 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th March 2025 and were signed on its behalf by:




R A Johnson - Director



T A Maciver - Director


Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements
for the year ended 29th September 2024

1. STATUTORY INFORMATION

Bootyman Printers 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is written off evenly over its estimated economic life of 5 years and is stated in the balance sheet at cost less amounts written off.


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.

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 etc - 20% on cost, 10% on cost and 5% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, 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.

Stock and work in progress is stated at the lower of cost and net realisable value. Cost represents that expenditure which has been incurred in the normal course of business in bringing the product or service to its present location and condition.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. In the case of work in progress and finished goods, cost consists of direct materials, direct labour and attributable production and other overheads based on normal levels of activity. Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.


Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements - continued
for the year ended 29th September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

Government grants
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to profit and loss account.

Grants of a revenue nature which are made to give immediate financial support or to reimburse costs previously incurred are credited to profit and loss account in the period in which they become receivable.

Grants of a revenue nature which are made to finance general activities over a specified period or to compensate for a loss of current or future income are credited to profit and loss account in the period in which they are paid.


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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 29 ) .

Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements - continued
for the year ended 29th September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30th September 2023
and 29th September 2024 99,207
AMORTISATION
At 30th September 2023
and 29th September 2024 99,207
NET BOOK VALUE
At 29th September 2024 -
At 29th September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 30th September 2023 2,153,314 115,309 2,268,623
Disposals (15,595 ) - (15,595 )
At 29th September 2024 2,137,719 115,309 2,253,028
DEPRECIATION
At 30th September 2023 2,007,892 103,248 2,111,140
Charge for year 42,566 4,463 47,029
Eliminated on disposal (15,595 ) - (15,595 )
At 29th September 2024 2,034,863 107,711 2,142,574
NET BOOK VALUE
At 29th September 2024 102,856 7,598 110,454
At 29th September 2023 145,422 12,061 157,483

6. STOCKS
2024 2023
£    £   
Raw materials 412,994 514,877
Work-in-progress 12,000 12,000
424,994 526,877

Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements - continued
for the year ended 29th September 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,032,878 1,134,112
Amounts owed by group undertakings 72,521 72,521
Other debtors 46,203 53,466
Tax 2,287 2,287
Deferred tax asset
Accelerated capital allowances 3,288 1,531
1,157,177 1,263,917

Amounts falling due after more than one year:
Intercompany with
Northland Private Equity Ltd 2,243,930 2,322,052
2,243,930 2,322,052

Aggregate amounts 3,401,107 3,585,969

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 56,387 53,112
Hire purchase contracts (see note 10) - 45,630
Trade creditors 486,981 545,581
Corporation tax 30,249 -
Social security and other taxes 129,017 92,725
Other creditors 82,759 72,589
Factoring advances 744,903 834,513
1,530,296 1,644,150

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 37,377 91,262
Redeemable preference shares 10,000 10,000
47,377 101,262

Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements - continued
for the year ended 29th September 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued


Included in other creditors are 10,000 6% cumulative redeemable preference shares of £1 each. The 6% cumulative redeemable preference shares have no fixed date for redemption. The shareholders have waived their rights to dividends for the twenty one years ended 30th September 2023 on the cumulative redeemable preference shares and these amounts have therefore not been provided.

The rights attached to the preference shares are as follows:

Dividend:The holders of the preference shares are entitled to a cumulative dividend equal to 6%
per share per annum in priority to any dividend paid in respect of the ordinary
shares.

Voting rights on Redemption/Winding up:
The preference shares shall not entitle the holders thereof to receive notice of or attend or vote at any annual general meeting of the company unless:


a)
at the date of the notice convening the meeting the dividend on the preference shares
is more than six months in arrears in which case they shall be entitled to receive
notice of and to attend and vote at all annual general meetings held before the
payment of such arrears;


b)

the business of the meeting includes the consideration of a resolution for:
(i) Winding up the company or reducing its share capital; or
(ii) The sale of the undertaking of the company; or
(iii) Altering the objects of the company; or
(iv) Varying or abrogating any of the special rights or privileges attached to the preference shares;
in which case they shall be entitled to vote on any such resolution, but on no other resolution proposed at the meeting.

The preference shares in issue have no set redemption date.

On a winding up, the assets of the company, after the payment of all creditors, shall be applied first in paying the holders of the preference the holders of the preference shares £1 per preference share together with arrears, deficiency or accruals of dividend which remains unpaid in priority to the ordinary shareholders.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 45,630

Non-cancellable operating leases
2024 2023
£    £   
Within one year 63,900 63,900

Bootyman Printers Limited (Registered number: 02733554)

Notes to the Financial Statements - continued
for the year ended 29th September 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 45,630

The other creditors which are secured are subject to a deed of priority in favour of the factoring company referred to in note 8.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary £1 15,000 15,000

13. PENSION COMMITMENTS

The company makes payments into a defined contribution scheme for the benefit of its directors and employees. The assets of the scheme are separately administered by its trustees. Contributions are charged to the profit and loss account when they fall due. The charge for the year amounted to £22,540 (2023 £21,221). At the year end there were outstanding pension contributions totalling £4,786 (2023 £4,440).