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REGISTERED NUMBER: 04335492 (England and Wales)














Welland Print Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Welland Print Limited (Registered number: 04335492)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Chartered accountants' report 1

Statement of financial position 2

Notes to the financial statements 4


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Welland Print Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Welland Print Limited for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Welland Print Limited in accordance with the terms of our engagement letter dated 23 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Welland Print Limited and state those matters that we have agreed to state to the director of Welland Print Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Welland Print Limited and its director for our work or for this report.

It is your duty to ensure that Welland Print Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Welland Print Limited. You consider that Welland Print Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Welland Print Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


25 April 2025

Welland Print Limited (Registered number: 04335492)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 5 26,265 33,848

Current assets
Stocks 22,800 23,963
Debtors 6 65,736 75,490
Cash at bank and in hand 38,549 43,547
127,085 143,000
Creditors
Amounts falling due within one year 7 35,745 34,992
Net current assets 91,340 108,008
Total assets less current liabilities 117,605 141,856

Provisions for liabilities - 1,655
Net assets 117,605 140,201

Capital and reserves
Called up share capital 9 500 500
Capital redemption reserve 4,500 4,500
Retained earnings 112,605 135,201
Shareholders' funds 117,605 140,201

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Welland Print Limited (Registered number: 04335492)

Statement of Financial Position - continued
31 December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2025 and were signed by:





J R Walton - Director


Welland Print Limited (Registered number: 04335492)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Welland Print Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04335492

Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

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


The company's business address is West Marsh Road, Spalding, Lincolnshire, PE11 2BB

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% reducing balance method
Motor vehicles - 25% reducing balance method
Office equipment - 25% reducing balance method

Impairment of fixed assets

The carrying values of tangible fixed assets are reviewed for impairment annually by the directors without valuing the assets. Where the aggregate value of those assets is less than the aggregate that they are stated in the company's accounts, a provision will be made for any material impairment.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock to its present location and condition.


Welland Print Limited (Registered number: 04335492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Defined contribution plans
Contributions to defined contribution plans are recongised as an expense in the period in which the related service is provided. Prepaid contributions are recongised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recongised as a finance cost in profit or loss in the period in which it arises.

Provisions
Provisions are recongised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recongised as a liability in the statement of financial position and the amount of provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recongised are recongised in profit or loss unless the provision was originally recongised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recongised as a finance cost in profit or loss in the period it arises.

Operating leases
Lease payments are recongised as an expenses over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recongised as a reduction to expense over the lease term, on a straight-line basis.

4. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

Welland Print Limited (Registered number: 04335492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2024 286,261 16,200 33,112 335,573
Additions 378 - 797 1,175
At 31 December 2024 286,639 16,200 33,909 336,748
Depreciation
At 1 January 2024 264,145 9,366 28,214 301,725
Charge for year 5,624 1,709 1,425 8,758
At 31 December 2024 269,769 11,075 29,639 310,483
Net book value
At 31 December 2024 16,870 5,125 4,270 26,265
At 31 December 2023 22,116 6,834 4,898 33,848

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 49,851 56,229
Directors' current accounts 120 60
Tax - 2,783
VAT 6,956 7,805
Deferred tax asset 3,646 -
Prepayments and accrued income 5,163 8,613
65,736 75,490

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 28,545 27,975
Social security and other taxes 2,032 2,136
Other creditors 900 945
Accruals and deferred income 4,268 3,936
35,745 34,992

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 43,690 46,090
Between one and five years 39,235 90,125
82,925 136,215

Welland Print Limited (Registered number: 04335492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. Leasing agreements - continued

Minimum lease payments include £75,500 (2023 £113,250) secured against all property of the company.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250 Ordinary B shares £1 250 500
250 Ordinary D shares £1 250 -
500 500