Company Registration No. 12044513 (England and Wales)
STUDIO PRINT PRESS LIMITED
Unaudited accounts
for the year ended 30 June 2024
STUDIO PRINT PRESS LIMITED
Unaudited accounts
Contents
STUDIO PRINT PRESS LIMITED
Company Information
for the year ended 30 June 2024
Directors
Rae Claire Harrison
Lisa Theaker
Company Number
12044513 (England and Wales)
Registered Office
F2 Melbourne House
Chesham Street
Keighley
BD21 4LG
Accountants
B Ram & Co Accountants Ltd
7 Idle Road
Bradford
BD2 4QA
STUDIO PRINT PRESS LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
16,327
16,991
Cash at bank and in hand
20,079
37,686
Creditors: amounts falling due within one year
(5,104)
(6,157)
Net current assets
20,225
32,541
Total assets less current liabilities
36,552
49,532
Creditors: amounts falling due after more than one year
(30,667)
(30,667)
Provisions for liabilities
Deferred tax
(3,102)
(3,228)
Called up share capital
2
2
Profit and loss account
2,781
15,635
Shareholders' funds
2,783
15,637
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Rae Claire Harrison
Director
Company Registration No. 12044513
STUDIO PRINT PRESS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
STUDIO PRINT PRESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12044513. The registered office is F2 Melbourne House , Chesham Street, Keighley, BD21 4LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
STUDIO PRINT PRESS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
21,027
2,998
24,025
At 30 June 2024
23,527
2,998
26,525
At 1 July 2023
6,434
600
7,034
Charge for the year
2,564
600
3,164
At 30 June 2024
8,998
1,200
10,198
At 30 June 2024
14,529
1,798
16,327
At 30 June 2023
14,593
2,398
16,991
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,294
3,294
Loans from directors
305
305
7
Creditors: amounts falling due after more than one year
2024
2023
STUDIO PRINT PRESS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
3,102
3,228
Provision at start of year
3,228
35
(Credited)/charged to the profit and loss account
(126)
3,193
Provision at end of year
3,102
3,228
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).