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Registration number: 01975770

A. T. Graphics Limited

trading as A T Graphics Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

A. T. Graphics Limited

trading as A T Graphics Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

A. T. Graphics Limited

trading as A T Graphics Limited

(Registration number: 01975770)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

525,806

541,115

Investments

6

267,633

267,633

 

793,439

808,748

Current assets

 

Stocks

7

750

750

Debtors

8

175,234

164,426

Cash at bank and in hand

 

181,602

271,275

 

357,586

436,451

Creditors: Amounts falling due within one year

9

(160,638)

(187,836)

Net current assets

 

196,948

248,615

Total assets less current liabilities

 

990,387

1,057,363

Creditors: Amounts falling due after more than one year

9

(11,530)

(25,923)

Provisions for liabilities

(11,271)

(14,118)

Net assets

 

967,586

1,017,322

Capital and reserves

 

Called up share capital

200

200

Revaluation reserve

170,000

170,000

Retained earnings

797,386

847,122

Shareholders' funds

 

967,586

1,017,322

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

A. T. Graphics Limited

trading as A T Graphics Limited

(Registration number: 01975770)
Balance Sheet as at 31 July 2024

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

Mr A G J Tipping

Director

Mrs J J Tipping

Company secretary and director

Mr J Tipping

Director

Mr R Tipping

Director

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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:
4 Milnyard Square
Bakewell Road
Orton Southgate
Peterborough
Cambridgeshire
PE2 6GX

These financial statements were authorised for issue by the Board on 28 April 2025.

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.

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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.

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

Freehold buildings

Not depreciated

Freehold land

Not depreciated

Computer equipment

25% per annum on a straight line basis

Office equipment

15% per annum on written down value

Motor vehicles

25% per annum on written down value

Plant and machinery

25% per annum on written down value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

Goodwill

20% per annum on straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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.

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.

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 directors) during the year, was 25 (2023 - 24).

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

403,919

403,919

At 31 July 2024

403,919

403,919

Amortisation

At 1 August 2023

403,919

403,919

At 31 July 2024

403,919

403,919

Carrying amount

At 31 July 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

465,000

731,434

104,240

1,300,674

Additions

-

4,312

-

4,312

At 31 July 2024

465,000

735,746

104,240

1,304,986

Depreciation

At 1 August 2023

-

708,196

51,363

759,559

Charge for the year

-

6,402

13,219

19,621

At 31 July 2024

-

714,598

64,582

779,180

Carrying amount

At 31 July 2024

465,000

21,148

39,658

525,806

At 31 July 2023

465,000

23,238

52,877

541,115

Included within the net book value of land and buildings above is £465,000 (2023 - £465,000) in respect of freehold land and buildings.
 

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

267,632

267,632

Investments in joint ventures

1

1

267,633

267,633

Subsidiaries

£

Fair value

At 1 August 2023

267,632

At 31 July 2024

267,632

Joint ventures

£

Cost

At 1 August 2023

1

Provision

Carrying amount

At 31 July 2024

1

At 31 July 2023

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Codename Media Limited

4 Milnyard Square
Orton Southgate
Peterborough
PE2 6GX

England

Ordinary shares

50%

50%

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Headlines MK Limited

4 Milnyard Square
Orton Southgate
Peterborough
PE2 6GX

England

Ordinary shares

100%

100%

Transport Media Pages Limited

4 Milnyard Square
Orton Southgate
Peterborough
PE2 6GX

England

Ordinary

31.7%

31.7%

7

Stocks

2024
£

2023
£

Other inventories

750

750

8

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

122,468

105,905

Amounts owed by related parties

18,556

34,742

Prepayments

 

4,638

3,026

Other debtors

 

29,572

20,753

   

175,234

164,426

 

A. T. Graphics Limited

trading as A T Graphics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

14,980

39,250

Trade creditors

 

28,889

26,135

Amounts owed to group undertakings and undertakings in which the company has a participating interest

3,465

-

Taxation and social security

 

57,056

47,062

Accruals and deferred income

 

14,477

18,169

Other creditors

 

41,771

57,220

 

160,638

187,836

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11,530

25,923

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £1,449). The financial commitments relate to operating leases contracted by the company for their repsective terms. The underlying security is the asset subject to the respective operating leases.