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Company No: 10569930 (England and Wales)

INFORM PRINTED SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

INFORM PRINTED SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

INFORM PRINTED SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
INFORM PRINTED SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 118,212 76,619
Tangible assets 4 485,886 399,363
604,098 475,982
Current assets
Stocks 202,180 180,718
Debtors 5 637,161 377,786
Cash at bank and in hand 238,742 427,545
1,078,083 986,049
Creditors: amounts falling due within one year 6 ( 1,197,069) ( 925,982)
Net current (liabilities)/assets (118,986) 60,067
Total assets less current liabilities 485,112 536,049
Creditors: amounts falling due after more than one year 7 ( 307,233) ( 385,274)
Provision for liabilities 8 ( 119,347) ( 63,345)
Net assets 58,532 87,430
Capital and reserves
Called-up share capital 100 100
Profit and loss account 58,432 87,330
Total shareholders' funds 58,532 87,430

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Inform Printed Solutions Limited (registered number: 10569930) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T R Tassie
Director

01 April 2025

INFORM PRINTED SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
INFORM PRINTED SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inform Printed Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 57 Turbine Way, Swaffham, PE37 7XD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 6.67 - 20 years straight line
Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 37 39

3. Intangible assets

Website costs Total
£ £
Cost
At 01 February 2024 79,950 79,950
Additions 56,800 56,800
At 31 January 2025 136,750 136,750
Accumulated amortisation
At 01 February 2024 3,331 3,331
Charge for the financial year 15,207 15,207
At 31 January 2025 18,538 18,538
Net book value
At 31 January 2025 118,212 118,212
At 31 January 2024 76,619 76,619

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 February 2024 110,758 378,866 23,315 52,611 565,550
Additions 31,890 187,237 1,055 4,578 224,760
Disposals 0 ( 83,334) 0 0 ( 83,334)
At 31 January 2025 142,648 482,769 24,370 57,189 706,976
Accumulated depreciation
At 01 February 2024 6,028 130,296 11,290 18,573 166,187
Charge for the financial year 17,537 72,820 3,090 8,875 102,322
Disposals 0 ( 47,419) 0 0 ( 47,419)
At 31 January 2025 23,565 155,697 14,380 27,448 221,090
Net book value
At 31 January 2025 119,083 327,072 9,990 29,741 485,886
At 31 January 2024 104,730 248,570 12,025 34,038 399,363
Leased assets included above:
Net book value
At 31 January 2025 0 80,135 0 0 80,135
At 31 January 2024 0 19,521 0 0 19,521

5. Debtors

2025 2024
£ £
Trade debtors 105,517 149,587
Amounts owed by associates 392,695 110,791
Corporation tax 27,104 0
Other debtors 111,845 117,408
637,161 377,786

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 92,551 80,928
Trade creditors 748,102 521,493
Other loans 56,100 0
Accruals 137,240 124,406
Other taxation and social security 21,424 74,634
Obligations under finance leases and hire purchase contracts (secured) 51,963 35,426
Other creditors 89,689 89,095
1,197,069 925,982

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 230,901 323,452
Obligations under finance leases and hire purchase contracts (secured) 76,332 61,822
307,233 385,274

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 63,345) ( 47,602)
Charged to the Statement of Income and Retained Earnings ( 56,002) ( 15,743)
At the end of financial year ( 119,347) ( 63,345)

The deferred taxation balance is made up as follows:

2025 2024
£ £
Accelerated capital allowances ( 129,690) ( 63,736)
Tax losses carry forward 9,944 97
Other timing differences 399 294
( 119,347) ( 63,345)

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2025 2024
£ £
Unpaid contributions due to the fund (inc. in other creditors) 3,729 2,708

10. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end the Company was owed £392,695 (2024- £110,791 ) by companies with the same controlling interest, the loans are interest free and repayable on demand.

At the year end the Company was owed £15,040 (2024- £43,994) by the directors, the loans are interest free and repayable on demand.