Registered number
10680717
PRINT PATTERN ARCHIVE LTD
Filleted Accounts
30 June 2024
PRINT PATTERN ARCHIVE LTD
Registered number: 10680717
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 15,500 17,500
Tangible assets 4 8,525 7,411
24,025 24,911
Current assets
Debtors 5 14,520 8,110
Cash at bank and in hand 26,461 1,308
40,981 9,418
Creditors: amounts falling due within one year 6 (49,660) (28,363)
Net current liabilities (8,679) (18,945)
Total assets less current liabilities 15,346 5,966
Creditors: amounts falling due after more than one year 7 (2,533) (3,833)
Provisions for liabilities (1,620) (1,408)
Net assets 11,193 725
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,093 625
Shareholders' funds 11,193 725
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kerri Rigby
Director
Approved by the board on 24 March 2025
PRINT PATTERN ARCHIVE LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% per annum reducing balance basis
Office equipment 20% per annum reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 20,000
At 30 June 2024 20,000
Amortisation
At 1 July 2023 2,500
Provided during the year 2,000
At 30 June 2024 4,500
Net book value
At 30 June 2024 15,500
At 30 June 2023 17,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Office equipment Plant & machinery Total
£ £ £
Cost
At 1 July 2023 11,256 2,116 13,372
Additions 3,243 - 3,243
At 30 June 2024 14,499 2,116 16,615
Depreciation
At 1 July 2023 5,538 423 5,961
Charge for the year 1,790 339 2,129
At 30 June 2024 7,328 762 8,090
Net book value
At 30 June 2024 7,171 1,354 8,525
At 30 June 2023 5,718 1,693 7,411
5 Debtors 2024 2023
£ £
Trade debtors and prepayments 14,520 8,110
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Trade creditors and accruals 4,035 3,081
Corporation tax 32,317 18,931
Other taxes and social security costs 11,106 4,037
Other creditors - director's loan account 202 314
49,660 28,363
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,533 3,833
8 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
9 Contingent liabilities
There were no contingent liabilities in existence at the year end.
10 Controlling party
The control of the company is held by the two directors by way of each holding 50% of the issued ordinary share capital.
11 Other information
PRINT PATTERN ARCHIVE LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
PRINT PATTERN ARCHIVE LTD 10680717 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Kerri Rigby No description of principal activity 10680717 2022-07-01 2023-06-30 10680717 core:WithinOneYear 2023-06-30 10680717 core:AfterOneYear 2023-06-30 10680717 core:ShareCapital 2023-06-30 10680717 core:RetainedEarningsAccumulatedLosses 2023-06-30 10680717 2023-07-01 2024-06-30 10680717 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10680717 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10680717 bus:Director40 2023-07-01 2024-06-30 10680717 1 2023-07-01 2024-06-30 10680717 2 2023-07-01 2024-06-30 10680717 core:Goodwill 2023-07-01 2024-06-30 10680717 core:PlantMachinery 2023-07-01 2024-06-30 10680717 core:Vehicles 2023-07-01 2024-06-30 10680717 countries:England 2023-07-01 2024-06-30 10680717 bus:FRS102 2023-07-01 2024-06-30 10680717 bus:FilletedAccounts 2023-07-01 2024-06-30 10680717 2024-06-30 10680717 core:WithinOneYear 2024-06-30 10680717 core:AfterOneYear 2024-06-30 10680717 core:ShareCapital 2024-06-30 10680717 core:RetainedEarningsAccumulatedLosses 2024-06-30 10680717 core:Goodwill 2024-06-30 10680717 core:PlantMachinery 2024-06-30 10680717 core:Vehicles 2024-06-30 10680717 2023-06-30 10680717 core:Goodwill 2023-06-30 10680717 core:PlantMachinery 2023-06-30 10680717 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure