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REGISTERED NUMBER: 05851654 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

The Printworks (Royston) Limited

The Printworks (Royston) Limited (Registered number: 05851654)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Printworks (Royston) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr F C Miller





SECRETARY: Mrs VA Miller





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 05851654 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

The Printworks (Royston) Limited (Registered number: 05851654)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,635 21,405
67,635 21,405

CURRENT ASSETS
Stocks 18,864 23,501
Debtors 6 61,711 73,685
Cash at bank and in hand 813 512
81,388 97,698
CREDITORS
Amounts falling due within one year 7 83,543 83,268
NET CURRENT (LIABILITIES)/ASSETS (2,155 ) 14,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,480

35,835

CREDITORS
Amounts falling due after more than one year 8 (38,905 ) (19,175 )

PROVISIONS FOR LIABILITIES (10,585 ) (3,620 )
NET ASSETS 15,990 13,040

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,890 12,940
SHAREHOLDERS' FUNDS 15,990 13,040

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

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 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.

The Printworks (Royston) Limited (Registered number: 05851654)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





Mr F C Miller - Director


The Printworks (Royston) Limited (Registered number: 05851654)

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

1. STATUTORY INFORMATION

The Printworks (Royston) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


The Printworks (Royston) Limited (Registered number: 05851654)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 36,000
AMORTISATION
At 1 August 2023
and 31 July 2024 36,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

The Printworks (Royston) Limited (Registered number: 05851654)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2023 6,116 118,303 16,477
Additions - 46,129 379
Disposals - (42,777 ) -
At 31 July 2024 6,116 121,655 16,856
DEPRECIATION
At 1 August 2023 6,116 106,391 7,527
Charge for year - 8,610 2,332
Eliminated on disposal - (42,777 ) -
At 31 July 2024 6,116 72,224 9,859
NET BOOK VALUE
At 31 July 2024 - 49,431 6,997
At 31 July 2023 - 11,912 8,950

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 23,900 3,157 167,953
Additions 13,500 - 60,008
Disposals - - (42,777 )
At 31 July 2024 37,400 3,157 185,184
DEPRECIATION
At 1 August 2023 23,900 2,614 146,548
Charge for year 2,700 136 13,778
Eliminated on disposal - - (42,777 )
At 31 July 2024 26,600 2,750 117,549
NET BOOK VALUE
At 31 July 2024 10,800 407 67,635
At 31 July 2023 - 543 21,405

The Printworks (Royston) Limited (Registered number: 05851654)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 58,275 72,063
Other debtors 3,436 1,622
61,711 73,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 15,953 24,197
Hire purchase contracts 12,690 -
Trade creditors 33,555 41,069
Taxation and social security 8,769 9,539
Other creditors 12,576 8,463
83,543 83,268

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 19,741 19,175
Hire purchase contracts 19,164 -
38,905 19,175

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr F C Miller.