REGISTERED NUMBER: SC293495 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ST BERNARDS PRINT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Hagart

SECRETARY:

Mrs C Hagart

REGISTERED OFFICE:

San Remo

3 Barnton Grove

Edinburgh

Lothians

EH4 6EQ

REGISTERED NUMBER:

SC293495 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

The Royal Bank of Scotland plc

Edinburgh West End Office

142 - 144 Princes Street

Edinburgh

EH2 4EQ

SOLICITORS:

Brodies LLP Solicitors

15 Atholl Crescent

Edinburgh

EH3 8HA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,943

14,934

10,943

14,934

CURRENT ASSETS

Stocks

5,885

5,288

Debtors

6

47,682

34,184

Cash at bank and in hand

103,999

81,367

157,566

120,839

CREDITORS

Amounts falling due within one year

7

86,086

73,234

NET CURRENT ASSETS

71,480

47,605

TOTAL ASSETS LESS CURRENT LIABILITIES

82,423

62,539

CREDITORS

Amounts falling due after more than one year

8

(5,286

)

(15,661

)

PROVISIONS FOR LIABILITIES

(2,079

)

(2,652

)

NET ASSETS

75,058

44,226

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

75,057

44,225

SHAREHOLDERS' FUNDS

75,058

44,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:

Mrs C Hagart - Director

1.	STATUTORY INFORMATION

St Bernards Print Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

2.	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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount which was paid in connection with the acquisition of a business in 2005, was amortised evenly over its useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Computer equipment - 33% on reducing balance

Stocks

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

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

60,922

AMORTISATION

At 1 December 2023

and 30 November 2024

60,922

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

and 30 November 2024

124,689

DEPRECIATION

At 1 December 2023

109,755

Charge for year

3,991

At 30 November 2024

113,746

NET BOOK VALUE

At 30 November 2024

10,943

At 30 November 2023

14,934

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

43,969

29,543

Other debtors

3,713

4,641

47,682

34,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,375

10,119

Trade creditors

16,841

6,157

Taxation and social security

11,872

8,461

Other creditors

46,998

48,497

86,086

73,234

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,286

15,661

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

20,000

20,000

Between one and five years

5,000

25,000

25,000

45,000

10.	BOUNCE BACK LOAN SCHEME

The company borrowed £50,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2024

2023

£

£

< 1 year

10,375

10,119

2-5 years

5,286

15,661

> 5 years

-

-

15,661

25,780