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Company No: 13532517 (England and Wales)

PRINT LOVE LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PRINT LOVE LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PRINT LOVE LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
PRINT LOVE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Matthew George Taylor
Rachel Simone Taylor
REGISTERED OFFICE 10 Harrier Court Airfield Business Park
Elvington
York
YO41 4EA
United Kingdom
COMPANY NUMBER 13532517 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
PRINT LOVE LTD

BALANCE SHEET

As at 31 December 2024
PRINT LOVE LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 146,936 169,948
146,936 169,948
Current assets
Debtors 4 97,630 55,445
Cash at bank and in hand 5 39,922 209,399
137,552 264,844
Creditors: amounts falling due within one year 6 ( 135,408) ( 264,119)
Net current assets 2,144 725
Total assets less current liabilities 149,080 170,673
Provision for liabilities 7 ( 27,918) ( 32,290)
Net assets 121,162 138,383
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 121,062 138,283
Total shareholders' funds 121,162 138,383

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

Directors' responsibilities:

The financial statements of Print Love Ltd (registered number: 13532517) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

Matthew George Taylor
Director
PRINT LOVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PRINT LOVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Print Love Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Harrier Court Airfield Business Park, Elvington, York, YO41 4EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 199,611 199,611
Additions 29,369 29,369
At 31 December 2024 228,980 228,980
Accumulated depreciation
At 01 January 2024 29,663 29,663
Charge for the financial year 52,381 52,381
At 31 December 2024 82,044 82,044
Net book value
At 31 December 2024 146,936 146,936
At 31 December 2023 169,948 169,948

4. Debtors

2024 2023
£ £
Trade debtors 92,448 52,435
Other debtors 5,182 3,010
97,630 55,445

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 39,922 209,399

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 60,116 54,147
Taxation and social security 13,736 11,416
Obligations under finance leases and hire purchase contracts 26,844 86,499
Other creditors 34,712 112,057
135,408 264,119

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 32,290) ( 17,330)
Credited/(charged) to the Statement of Income and Retained Earnings 4,372 ( 14,960)
At the end of financial year ( 27,918) ( 32,290)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100