Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activityfalsefalse33332023-08-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03928078 2023-08-01 2024-07-31 03928078 2022-08-01 2023-07-31 03928078 2024-07-31 03928078 2023-07-31 03928078 2022-08-01 03928078 c:Director1 2023-08-01 2024-07-31 03928078 d:PlantMachinery 2023-08-01 2024-07-31 03928078 d:PlantMachinery 2024-07-31 03928078 d:PlantMachinery 2023-07-31 03928078 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03928078 d:MotorVehicles 2023-08-01 2024-07-31 03928078 d:MotorVehicles 2024-07-31 03928078 d:MotorVehicles 2023-07-31 03928078 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03928078 d:FurnitureFittings 2023-08-01 2024-07-31 03928078 d:FurnitureFittings 2024-07-31 03928078 d:FurnitureFittings 2023-07-31 03928078 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03928078 d:ComputerEquipment 2023-08-01 2024-07-31 03928078 d:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 03928078 d:OtherPropertyPlantEquipment 2024-07-31 03928078 d:OtherPropertyPlantEquipment 2023-07-31 03928078 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03928078 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03928078 d:CurrentFinancialInstruments 2024-07-31 03928078 d:CurrentFinancialInstruments 2023-07-31 03928078 d:Non-currentFinancialInstruments 2024-07-31 03928078 d:Non-currentFinancialInstruments 2023-07-31 03928078 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 03928078 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03928078 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 03928078 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03928078 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 03928078 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 03928078 d:ShareCapital 2024-07-31 03928078 d:ShareCapital 2023-07-31 03928078 d:CapitalRedemptionReserve 2024-07-31 03928078 d:CapitalRedemptionReserve 2023-07-31 03928078 d:RetainedEarningsAccumulatedLosses 2024-07-31 03928078 d:RetainedEarningsAccumulatedLosses 2023-07-31 03928078 c:FRS102 2023-08-01 2024-07-31 03928078 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03928078 c:FullAccounts 2023-08-01 2024-07-31 03928078 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03928078 d:WithinOneYear 2024-07-31 03928078 d:WithinOneYear 2023-07-31 03928078 d:BetweenOneFiveYears 2024-07-31 03928078 d:BetweenOneFiveYears 2023-07-31 03928078 d:MoreThanFiveYears 2024-07-31 03928078 d:MoreThanFiveYears 2023-07-31 03928078 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 03928078 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 03928078 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-07-31 03928078 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-31 03928078 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-07-31 03928078 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-07-31 03928078 d:LeasedAssetsHeldAsLessee 2024-07-31 03928078 d:LeasedAssetsHeldAsLessee 2023-07-31 03928078 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 03928078









CLARKEPRINT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CLARKEPRINT LIMITED
REGISTERED NUMBER: 03928078

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
                                                                   Note
£
£

Fixed assets
  

Tangible assets
 4 
284,255
268,178

  
284,255
268,178

Current assets
  

Stocks
 5 
572,516
510,897

Debtors: amounts falling due within one year
 6 
3,290,611
3,344,001

Cash at bank and in hand
 7 
37,624
108,246

  
3,900,751
3,963,144

Creditors: amounts falling due within one year
 8 
(1,603,301)
(1,623,908)

Net current assets
  
 
 
2,297,450
 
 
2,339,236

Total assets less current liabilities
  
2,581,705
2,607,414

Creditors: amounts falling due after more than one year
 9 
(96,310)
(153,691)

Provisions for liabilities
  

Deferred tax
 11 
(55,550)
(48,500)

  
 
 
(55,550)
 
 
(48,500)

Net assets
  
2,429,845
2,405,223


Capital and reserves
  

Called up share capital 
  
80,000
80,000

Capital redemption reserve
  
40,000
40,000

Profit and loss account
  
2,309,845
2,285,223

  
2,429,845
2,405,223

Page 1

 
CLARKEPRINT LIMITED
REGISTERED NUMBER: 03928078
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N P Clarke
Director

Date: 17 April 2025

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Clarkeprint Limited ("the company") is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is:
45-47 Stour Street
Birmingham
West Midlands
B18 7AJ
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 July 2024 (2023: year ended 31 July 2023).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
25% reducing balance
Computer equipment
-
33% straight line
Five and four colour presses
-
10% - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

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 at an annual general meeting.

 
2.10

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 33).

Page 6

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures, fittings & equipment
Five & four colour presses
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
969,497
12,573
204,548
878,400
2,065,018


Additions
18,000
-
11,520
65,905
95,425



At 31 July 2024

987,497
12,573
216,068
944,305
2,160,443



Depreciation


At 1 August 2023
729,424
10,754
178,262
878,400
1,796,840


Charge for the year on owned assets
60,768
455
11,260
6,865
79,348



At 31 July 2024

790,192
11,209
189,522
885,265
1,876,188



Net book value



At 31 July 2024
197,305
1,364
26,546
59,040
284,255



At 31 July 2023
240,073
1,819
26,286
-
268,178

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
85,313
121,977

Five & four colour presses
59,040
-

144,353
121,977


5.


Stocks

2024
2023
£
£

Raw materials and consumables
572,516
510,897

572,516
510,897


Page 7

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
553,250
581,467

Amounts owed by group undertakings
2,695,755
2,724,951

Prepayments and accrued income
41,606
37,583

3,290,611
3,344,001



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
37,624
108,246

37,624
108,246



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
66,667
66,667

Trade creditors
446,046
518,195

Amounts owed to group undertakings
525,057
446,420

Corporation tax
1,500
-

Other taxation and social security
109,870
101,064

Obligations under finance lease and hire purchase contracts
30,310
44,476

Other creditors
410,911
436,985

Accruals and deferred income
12,940
10,101

1,603,301
1,623,908


Other creditors includes an amount of £410,911 (2023: £436,985) in respect of an invoice discounting facility, which is secured against trade debtors.
Hire purchase liabilities £126,620 (2023: £131,500) are secured against the assets held under such arrangements. 
Bank loans of £66,667 (2023: £133,334) have been advanced under the Coronavirus Business Interruption Loan Scheme for which security is provided by the UK Government. This loan bears interest of 3.99% over base with the first twelve months interest being funded by the UK Government. The loan is repayable over a 5 year period from drawdown.

Page 8

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
66,667

Net obligations under finance leases and hire purchase contracts
96,310
87,024

96,310
153,691



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Amounts falling due within one year
66,667
66,667

Amounts falling due 1-2 years
-
66,667

66,667
133,334



11.


Deferred taxation




2024
2023


£

£






At beginning of year
(48,500)
(22,500)


Charged to profit or loss
(7,050)
(26,000)



At end of year
(55,550)
(48,500)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(55,550)
(48,500)

(55,550)
(48,500)

Page 9

 
CLARKEPRINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Pension commitments

The company operates a defined contribution pension schemes for the benefit of the directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge for the period represents contributions payable by the company to the funds and amounted to £55,226 (2023: £53,595). Amounts due to the funds at the year end were £Nil (2023: £Nil). 


13.


Commitments under operating leases

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
114,443
215,777

Later than 1 year and not later than 2 years
33,692
114,443

Later than 2 years and not later than 5 years
22,470
56,162

170,605
386,382


14.


Controlling party

The controlling party is TEPE Holdings Limited, which holds the entire share capital of the company.
 
Page 10