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REGISTERED NUMBER: 02789460 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

NEWSHIELD DESIGNS LIMITED
T/A
GRAPHIC INTERNATIONAL

NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWSHIELD DESIGNS LIMITED
T/A GRAPHIC INTERNATIONAL

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: G L Storey
P J Gaffney





SECRETARY: G L Storey





REGISTERED OFFICE: Unit 10
Greencroft Industrial Park
Stanley
Co. Durham
DH9 7YB





REGISTERED NUMBER: 02789460 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 18,481 9,156

CURRENT ASSETS
Stocks 17,300 15,423
Debtors 4 311,617 278,533
Cash at bank and in hand 58,352 277,879
387,269 571,835
CREDITORS
Amounts falling due within one
year

5

149,604

252,315
NET CURRENT ASSETS 237,665 319,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,146

328,676

CREDITORS
Amounts falling due after more
than one year

6

(17,175

)

(23,608

)

PROVISIONS FOR LIABILITIES (3,146 ) (1,702 )
NET ASSETS 235,825 303,366

CAPITAL AND RESERVES
Called up share capital 225 225
Share premium 19,975 19,975
Retained earnings 215,625 283,166
SHAREHOLDERS' FUNDS 235,825 303,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL

BALANCE SHEET - continued
31 July 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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





P J Gaffney - Director


NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over 6 Years
Plant and equipment - 10% Straight line basis
Computer equipment - 20% Straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 August 2023 16,791 166,964 161,919 345,674
Additions - 10,190 - 10,190
At 31 July 2024 16,791 177,154 161,919 355,864
DEPRECIATION
At 1 August 2023 16,790 158,309 161,419 336,518
Charge for year - 865 - 865
At 31 July 2024 16,790 159,174 161,419 337,383
NET BOOK VALUE
At 31 July 2024 1 17,980 500 18,481
At 31 July 2023 1 8,655 500 9,156

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
equipment
£   
COST
At 1 August 2023 8,950
Additions 10,190
At 31 July 2024 19,140
DEPRECIATION
At 1 August 2023 895
Charge for year 865
At 31 July 2024 1,760
NET BOOK VALUE
At 31 July 2024 17,380
At 31 July 2023 8,055

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 301,788 271,642
Other debtors 9,829 6,891
311,617 278,533

NEWSHIELD DESIGNS LIMITED (REGISTERED NUMBER: 02789460)
T/A GRAPHIC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,960
Hire purchase contracts 6,044 2,983
Trade creditors 73,716 56,472
Taxation and social security 34,945 111,717
Other creditors 24,899 71,183
149,604 252,315

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,873
Hire purchase contracts 6,342 2,735
17,175 23,608