0
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-08-01
Sage Accounts Production Advanced 2024 - FRS102_2024
240,000
240,000
240,000
xbrli:pure
xbrli:shares
iso4217:GBP
02253839
2023-08-01
2024-07-31
02253839
2024-07-31
02253839
2023-07-31
02253839
2022-08-01
2023-07-31
02253839
2023-07-31
02253839
2022-07-31
02253839
bus:Director1
2023-08-01
2024-07-31
02253839
core:WithinOneYear
2024-07-31
02253839
core:WithinOneYear
2023-07-31
02253839
core:LandBuildings
2023-08-01
2024-07-31
02253839
core:AfterOneYear
2024-07-31
02253839
core:AfterOneYear
2023-07-31
02253839
core:ShareCapital
2024-07-31
02253839
core:ShareCapital
2023-07-31
02253839
core:RetainedEarningsAccumulatedLosses
2024-07-31
02253839
core:RetainedEarningsAccumulatedLosses
2023-07-31
02253839
core:LandBuildings
2024-07-31
02253839
bus:SmallEntities
2023-08-01
2024-07-31
02253839
bus:AuditExemptWithAccountantsReport
2023-08-01
2024-07-31
02253839
bus:SmallCompaniesRegimeForAccounts
2023-08-01
2024-07-31
02253839
bus:PrivateLimitedCompanyLtd
2023-08-01
2024-07-31
02253839
bus:FullAccounts
2023-08-01
2024-07-31
02253839
core:KeyManagementIndividualGroup1
2023-08-01
2024-07-31
02253839
core:KeyManagementIndividualGroup1
2024-07-31
COMPANY REGISTRATION NUMBER:
02253839
Print On Time (Pontefract) Limited |
|
Filleted Unaudited Financial Statements |
|
Print On Time (Pontefract) Limited |
|
Statement of Financial Position |
|
31 July 2024
Fixed assets
Tangible assets |
5 |
|
240,000 |
|
– |
|
|
|
|
|
|
Current assets
Stocks |
– |
|
8,000 |
|
Debtors |
6 |
448 |
|
22,912 |
|
Cash at bank and in hand |
54,191 |
|
21,119 |
|
|
-------- |
|
-------- |
|
|
54,639 |
|
52,031 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
264,989 |
|
32,244 |
|
|
---------- |
|
-------- |
|
Net current (liabilities)/assets |
|
(
210,350) |
|
19,787 |
|
|
---------- |
|
-------- |
Total assets less current liabilities |
|
29,650 |
|
19,787 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
500 |
|
1,100 |
|
|
-------- |
|
-------- |
Net assets |
|
29,150 |
|
18,687 |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
Print On Time (Pontefract) Limited |
|
Statement of Financial Position (continued) |
|
31 July 2024
Capital and reserves
Called up share capital |
|
2 |
|
2 |
Profit and loss account |
|
29,148 |
|
18,685 |
|
|
-------- |
|
-------- |
Shareholders funds |
|
29,150 |
|
18,687 |
|
|
-------- |
|
-------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the 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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 April 2025
, and are signed on behalf of the board by:
Company registration number:
02253839
Print On Time (Pontefract) Limited |
|
Notes to the Financial Statements |
|
Year ended 31 July 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 71 Lynwood Crescent, Pontefract, West Yorkshire, WF8 3QX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
(d)
Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
(f)
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
(g)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
(h)
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.
(i)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 5 (2023: 5).
5.
Tangible assets
|
Land and buildings |
|
£ |
Cost |
|
At 1 August 2023 |
– |
Additions |
240,000 |
|
---------- |
At 31 July 2024 |
240,000 |
|
---------- |
Depreciation |
|
At 1 August 2023 and 31 July 2024 |
– |
|
---------- |
Carrying amount |
|
At 31 July 2024 |
240,000 |
|
---------- |
At 31 July 2023 |
– |
|
---------- |
|
|
Included within the above is investment property as follows:
|
£ |
At 1 August 2023 |
– |
Additions |
240,000 |
|
---------- |
At 31 July 2024 |
240,000 |
|
---------- |
|
|
Investment property has been recorded at market value at the date of transfer into the company. The directors are of the opinion that due to the timing of the acqusition, the market value is not materially different at the year end date.
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
448 |
– |
Other debtors |
– |
22,912 |
|
---- |
-------- |
|
448 |
22,912 |
|
---- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
600 |
600 |
Accruals |
340 |
325 |
Corporation tax |
2,454 |
1,203 |
Director loan accounts |
261,595 |
30,116 |
|
---------- |
-------- |
|
264,989 |
32,244 |
|
---------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
500 |
1,100 |
|
---- |
------- |
|
|
|
9.
Related party transactions
During the year the
directors
made available loans to the company.
The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 261,595
(2023: £30,116)