IRIS Accounts Production v24.3.2.46 07382179 director 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073821792023-09-30073821792024-09-30073821792023-10-012024-09-30073821792022-09-30073821792022-10-012023-09-30073821792023-09-3007382179ns15:EnglandWales2023-10-012024-09-3007382179ns14:PoundSterling2023-10-012024-09-3007382179ns10:Director12023-10-012024-09-3007382179ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007382179ns10:SmallEntities2023-10-012024-09-3007382179ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007382179ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007382179ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007382179ns10:FullAccounts2023-10-012024-09-300738217912023-10-012024-09-3007382179ns10:RegisteredOffice2023-10-012024-09-3007382179ns5:CurrentFinancialInstruments2024-09-3007382179ns5:CurrentFinancialInstruments2023-09-3007382179ns5:ShareCapital2024-09-3007382179ns5:ShareCapital2023-09-3007382179ns5:RetainedEarningsAccumulatedLosses2024-09-3007382179ns5:RetainedEarningsAccumulatedLosses2023-09-3007382179ns5:NetGoodwill2023-10-012024-09-3007382179ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3007382179ns5:PlantMachinery2023-10-012024-09-3007382179ns5:FurnitureFittings2023-10-012024-09-3007382179ns5:ComputerEquipment2023-10-012024-09-3007382179ns5:NetGoodwill2023-09-3007382179ns5:NetGoodwill2024-09-3007382179ns5:NetGoodwill2023-09-3007382179ns5:PlantMachinery2023-09-3007382179ns5:FurnitureFittings2023-09-3007382179ns5:ComputerEquipment2023-09-3007382179ns5:PlantMachinery2024-09-3007382179ns5:FurnitureFittings2024-09-3007382179ns5:ComputerEquipment2024-09-3007382179ns5:PlantMachinery2023-09-3007382179ns5:FurnitureFittings2023-09-3007382179ns5:ComputerEquipment2023-09-3007382179ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007382179ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007382179ns5:WithinOneYear2024-09-3007382179ns5:WithinOneYear2023-09-3007382179ns5:BetweenOneFiveYears2024-09-3007382179ns5:BetweenOneFiveYears2023-09-3007382179ns5:AllPeriods2024-09-3007382179ns5:AllPeriods2023-09-3007382179ns5:DeferredTaxation2023-09-3007382179ns5:DeferredTaxation2023-10-012024-09-3007382179ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 07382179 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

PRINTINGPROGRESS LIMITED

PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRINTINGPROGRESS LIMITED

Company Information
for the year ended 30 September 2024







Director: Ms L Mcintosh





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 07382179 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 15,210 22,815
Tangible assets 5 5,828 6,345
21,038 29,160

Current assets
Debtors 6 10,924 13,767
Cash at bank 23,573 16,239
34,497 30,006
Creditors
Amounts falling due within one year 7 16,475 17,131
Net current assets 18,022 12,875
Total assets less current liabilities 39,060 42,035

Provisions for liabilities 9 1,457 1,205
Net assets 37,603 40,830

Capital and reserves
Called up share capital 3 3
Retained earnings 37,600 40,827
37,603 40,830

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





Ms L Mcintosh - Director


PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Printingprogress Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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

Goodwill
Intangilbles, being the amount paid in connection with the acquisition of a business in 2016, is being
amortised over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance
Fixtures and fittings - 15% on cost
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2023 - 1 ) .

4. Intangible fixed assets
Intangible
£
Cost
At 1 October 2023
and 30 September 2024 101,500
Amortisation
At 1 October 2023 78,685
Amortisation for year 7,605
At 30 September 2024 86,290
Net book value
At 30 September 2024 15,210
At 30 September 2023 22,815

PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 October 2023 18,058 12,827 9,966 40,851
Additions - 942 758 1,700
At 30 September 2024 18,058 13,769 10,724 42,551
Depreciation
At 1 October 2023 17,861 10,570 6,075 34,506
Charge for year 65 990 1,162 2,217
At 30 September 2024 17,926 11,560 7,237 36,723
Net book value
At 30 September 2024 132 2,209 3,487 5,828
At 30 September 2023 197 2,257 3,891 6,345

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 7,745 12,454
Other debtors 3,179 1,313
10,924 13,767

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors (38 ) 509
Taxation and social security 11,297 5,332
Other creditors 5,216 11,290
16,475 17,131

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 6,714 6,714
Between one and five years - 6,714
6,714 13,428

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 1,457 1,205

PRINTINGPROGRESS LIMITED (REGISTERED NUMBER: 07382179)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


9. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 October 2023 1,205
Provided during year 252
Balance at 30 September 2024 1,457