4 4 Sustainable Print Limited 12498557 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is printers Digita Accounts Production Advanced 6.30.9574.0 true 12498557 2024-04-01 2025-03-31 12498557 2025-03-31 12498557 core:RetainedEarningsAccumulatedLosses 2025-03-31 12498557 core:ShareCapital 2025-03-31 12498557 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 12498557 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 12498557 core:CurrentFinancialInstruments 2025-03-31 12498557 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12498557 core:Non-currentFinancialInstruments 2025-03-31 12498557 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 12498557 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 12498557 core:FurnitureFittingsToolsEquipment 2025-03-31 12498557 core:OtherPropertyPlantEquipment 2025-03-31 12498557 bus:SmallEntities 2024-04-01 2025-03-31 12498557 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12498557 bus:FilletedAccounts 2024-04-01 2025-03-31 12498557 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12498557 bus:RegisteredOffice 2024-04-01 2025-03-31 12498557 bus:Director1 2024-04-01 2025-03-31 12498557 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12498557 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 12498557 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 12498557 core:OfficeEquipment 2024-04-01 2025-03-31 12498557 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 12498557 core:PlantMachinery 2024-04-01 2025-03-31 12498557 countries:EnglandWales 2024-04-01 2025-03-31 12498557 2024-03-31 12498557 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 12498557 core:FurnitureFittingsToolsEquipment 2024-03-31 12498557 core:OtherPropertyPlantEquipment 2024-03-31 12498557 2023-04-01 2024-03-31 12498557 2024-03-31 12498557 core:RetainedEarningsAccumulatedLosses 2024-03-31 12498557 core:ShareCapital 2024-03-31 12498557 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 12498557 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 12498557 core:CurrentFinancialInstruments 2024-03-31 12498557 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12498557 core:Non-currentFinancialInstruments 2024-03-31 12498557 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12498557 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 12498557 core:FurnitureFittingsToolsEquipment 2024-03-31 12498557 core:OtherPropertyPlantEquipment 2024-03-31 xbrli:pure iso4217:GBP

Registration number: 12498557

Sustainable Print Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Sustainable Print Limited

(Registration number: 12498557)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

674

770

Tangible assets

5

26,182

15,047

 

26,856

15,817

Current assets

 

Stocks

19,028

4,532

Debtors

6

8,247

7,148

Cash at bank and in hand

 

25,297

15,473

 

52,572

27,153

Creditors: Amounts falling due within one year

7

(36,305)

(33,243)

Net current assets/(liabilities)

 

16,267

(6,090)

Total assets less current liabilities

 

43,123

9,727

Creditors: Amounts falling due after more than one year

7

(13,044)

(6,250)

Provisions for liabilities

(4,975)

(2,859)

Net assets

 

25,104

618

Capital and reserves

 

Called up share capital

105

100

Retained earnings

24,999

518

Shareholders' funds

 

25,104

618

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2025
 

 

Sustainable Print Limited

(Registration number: 12498557)
Balance Sheet as at 31 March 2025

.........................................
Mr J D Astell
Director

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chitters The Old Brewery
Dorothy Avenue
Cranbrook
Kent
TN17 3AL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtrues and Fittings

25% reducing balance

Office Equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 April 2024

962

962

At 31 March 2025

962

962

Amortisation

At 1 April 2024

192

192

Amortisation charge

96

96

At 31 March 2025

288

288

Carrying amount

At 31 March 2025

674

674

At 31 March 2024

770

770

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

7,066

19,005

26,071

Additions

-

19,997

19,997

Disposals

(81)

(172)

(253)

At 31 March 2025

6,985

38,830

45,815

Depreciation

At 1 April 2024

2,711

8,313

11,024

Charge for the year

1,072

7,648

8,720

Eliminated on disposal

(35)

(76)

(111)

At 31 March 2025

3,748

15,885

19,633

Carrying amount

At 31 March 2025

3,237

22,945

26,182

At 31 March 2024

4,355

10,692

15,047

 

Sustainable Print Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

2025
£

2024
£

Trade debtors

8,247

3,839

Other debtors

-

3,309

8,247

7,148

7

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

9,762

14,692

Trade creditors

 

275

-

Taxation and social security

 

17,030

12,343

Accruals and deferred income

 

7,503

6,208

Other creditors

 

1,735

-

 

36,305

33,243

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,250

6,250

Hire purchase contracts

11,794

-

13,044

6,250

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,000

5,000

Hire purchase contracts

3,538

-

Other borrowings

1,224

9,692

9,762

14,692