2023-08-01 09712002 2024-07-31 09712002 2023-08-01 2024-07-31 09712002 2023-07-31 09712002 2022-08-01 2023-07-31 09712002 uk-core:WithinOneYear 2023-07-31 09712002 uk-core:WithinOneYear 2024-07-31 09712002 uk-core:AfterOneYear 2023-07-31 09712002 uk-core:AfterOneYear 2024-07-31 09712002 uk-core:ShareCapital 2024-07-31 09712002 uk-core:ShareCapital 2023-07-31 09712002 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 09712002 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 09712002 uk-bus:Director1 2023-08-01 2024-07-31 09712002 uk-core:LeaseholdImprovements 2023-08-01 2024-07-31 09712002 uk-core:PlantMachinery 2023-08-01 2024-07-31 09712002 uk-core:ComputerEquipment 2023-08-01 2024-07-31 09712002 uk-core:OfficeEquipment 2023-08-01 2024-07-31 09712002 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 09712002 uk-core:ComputerSoftware 2023-07-31 09712002 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 09712002 uk-core:ComputerSoftware 2023-08-01 2024-07-31 09712002 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 09712002 uk-core:ComputerSoftware 2024-07-31 09712002 uk-core:ComputerEquipment 2023-07-31 09712002 uk-core:OfficeEquipment 2023-07-31 09712002 uk-core:PlantMachinery 2023-07-31 09712002 uk-core:LeaseholdImprovements 2023-07-31 09712002 uk-core:PlantMachinery 2024-07-31 09712002 uk-core:OfficeEquipment 2024-07-31 09712002 uk-core:ComputerEquipment 2024-07-31 09712002 uk-core:LeaseholdImprovements 2024-07-31 09712002 uk-core:WithinOneYear 2024-07-31 09712002 uk-core:WithinOneYear 2023-07-31 09712002 uk-core:AfterOneYear uk-core:Secured 2024-07-31 09712002 uk-core:AfterOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure 09712002 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09712002 uk-bus:FRS102 2023-08-01 2024-07-31 09712002 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 09712002 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Printing Portal Limited
Registered Number:09712002
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Printing Portal Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
09712002
As at 31 July 2024
Printing Portal Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
75,233
53,997
2
Property, plant and equipment
1,298,611
1,426,048
3
1,373,844
1,480,045
Current assets
Trade and other receivables
233,044
201,662
4
109,268
Cash and cash equivalents
170,948
372,610
342,312
Trade and other payables: amounts falling due within one
year
(935,067)
(992,359)
5
(592,755)
(619,749)
Net current liabilities
Total assets less current liabilities
754,095
887,290
Trade and other payables: amounts falling due after more
than one year
(511,511)
(346,702)
6
(93,127)
(85,589)
Provisions for liabilities
314,266
Net assets
290,190
Capital and reserves
Called up share capital
100
100
Retained earnings
314,166
290,090
314,266
290,190
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09712002
For the year ended 31 July 2024
Printing Portal Limited
Statement of Financial Position Continued
J Hawkins Director
These financial statements were approved and authorised for issue by the Board on 28 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Printing Portal Limited
Notes to the Financial Statements
Statutory Information
Printing Portal Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09712002.
Registered address:
Green St Green Road
Dartford
Kent
DA2 8DP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Changes in accounting policies
As of 31 July 2024, courier and freight income of £16,575 and courier and freight costs of £35,937 have been reclassified in the profit and loss account as turnover and direct costs respectively, on the basis that this would present a fairer gross profit margin. The costs were previously classified as adminstrative expenses. This change in presentation has been applied retrospectively and as such, the profit and loss account has been restated for the year ended 31 July 2023. There has been no impact on the profit and loss reserves brought forward as of 1 August 2023.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research is written off in the year in which it is incurred.
Intangible assets
Intangible assets comprise of software licences which have been purchased by the company. The licences are initially recognised at cost and written off over their useful economic life which is expected to be 5 years. In addition, the company has chosen to capitalise development expenditure incurred during the course of the year. Development expenditure is only capitalised from the point at which all recognition criteria has been met. The development project is an internally generated intangible asset and only costs that are directly attributed to the development have been capitalised. Costs include services, consumables and employee costs.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold improvements
20% Straight line
Plant and Machinery
10% Straight line
20% Straight line
Computer Equipment
20% Straight line
Furniture and Fittings
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.
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6
For the year ended 31 July 2024
Printing Portal Limited
Notes to the Financial Statements Continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest element is charged to profit or loss. Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Going Concern
As at 31 July 2024, the company had net current liabilities of £619,749 (2023: £592,755). The director has reviewed
the working capital available at 31 July 2024 and is satisfied that the company will continue operating for at least the
next 12 months from the signing of these accounts and pay its debts as they fall due. The director has therefore
concluded that the accounts should be prepared on a going concern basis.
2. Intangible fixed assets
Other
Intangible
Assets
Total
Research &
Development
Cost or valuation
£
£
£
31,012
At 01 August 2023
67,566
36,554
28,340
28,340
Additions
-
95,906
59,352
At 31 July 2024
36,554
Amortisation
13,569
-
At 01 August 2023
13,569
7,104
-
7,104
Charge for year
20,673
At 31 July 2024
-
20,673
75,233
Net book value
59,352
At 31 July 2024
15,881
At 31 July 2023
31,012
22,985
53,997
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7
For the year ended 31 July 2024
Printing Portal Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Leasehold
improvements
£
£
£
£
£
Cost or
valuation
At 01 August 2023
1,971,923
26,192
28,582
1,898,524
18,625
7,407
749
1,827
4,831
-
Additions
At 31 July 2024
1,903,355
30,409
26,941
1,979,330
18,625
Provision for depreciation and impairment
At 01 August 2023
545,875
11,751
8,998
509,965
15,161
Charge for year
134,844
4,970
5,928
122,139
1,807
At 31 July 2024
680,719
16,721
14,926
632,104
16,968
At 31 July 2024
Net book value
1,657
1,271,251
15,483
10,220
1,298,611
At 31 July 2023
3,464
1,388,559
19,584
14,441
1,426,048
4. Trade and other receivables
2023
2024
£
£
Trade debtors
173,218
168,023
Other debtors
28,444
65,021
233,044
201,662
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
64,247
108,068
Trade creditors
115,988
128,900
Taxation and social security
16,184
37,073
Other creditors
795,940
661,026
992,359
935,067
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8
For the year ended 31 July 2024
Printing Portal Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
69,409
134,608
Other creditors
277,293
376,903
346,702
511,511
7. Related party transactions
During the year the company received loans of £170,000 from related parties. The loans are provided interest free
and are repayable on demand. As of 31 July 2024 the total amount outstanding from related parties was £360,650
(2023: £190,650). This is included in Other Creditors as shown in note 6 to the accounts.
8. Average number of persons employed
During the year the average number of employees, including directors, was 10 (2023 : 8)
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