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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
Page
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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
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STUDIO PRINT PRESS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,327 
16,991 
Current assets
Inventories
5,250 
250 
Debtors
- 
762 
Cash at bank and in hand
20,079 
37,686 
25,329 
38,698 
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)
Net assets
2,783 
15,637 
Capital and reserves
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
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STUDIO PRINT PRESS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
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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 
Additions
2,500 
- 
2,500 
At 30 June 2024
23,527 
2,998 
26,525 
Depreciation
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 
Net book value
At 30 June 2024
14,529 
1,798 
16,327 
At 30 June 2023
14,593 
2,398 
16,991 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
762 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
477 
- 
Trade creditors
208 
208 
Taxes and social security
3,294 
3,294 
Other creditors
- 
1,600 
Loans from directors
305 
305 
Accruals
820 
750 
5,104 
6,157 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,667 
30,667 
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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 
2024 
2023 
£ 
£ 
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).
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