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REGISTERED NUMBER: 05611029 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Southern Print Finishing Services Ltd

Southern Print Finishing Services Ltd (Registered number: 05611029)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southern Print Finishing Services Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M P Swain





SECRETARY: Miss J Dullaway





REGISTERED OFFICE: Sandhurst House
297 Yorktown Road
Sandhurst
Berkshire
GU47 0QA





REGISTERED NUMBER: 05611029 (England and Wales)





ACCOUNTANTS: PPK Accountants Limited
Chartered Certified Accountants
Sandhurst House
297 Yorktown Road
Sandhurst
Berkshire
GU47 0QA

Southern Print Finishing Services Ltd (Registered number: 05611029)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,157 47,320

CURRENT ASSETS
Debtors 5 9,939 24,090
Cash at bank 98,352 119,924
108,291 144,014
CREDITORS
Amounts falling due within one year 6 52,344 80,974
NET CURRENT ASSETS 55,947 63,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,104

110,360

CAPITAL AND RESERVES
Called up share capital 7 64 126
Retained earnings 8 91,040 110,234
SHAREHOLDERS' FUNDS 91,104 110,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





M P Swain - Director


Southern Print Finishing Services Ltd (Registered number: 05611029)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Southern Print Finishing Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis.

Turnover
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive compensation for services provided.

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

Southern Print Finishing Services Ltd (Registered number: 05611029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

Southern Print Finishing Services Ltd (Registered number: 05611029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 3,530 51,379 2,189 57,098
Additions - 33,310 1,277 34,587
Disposals - (51,379 ) - (51,379 )
At 31 March 2025 3,530 33,310 3,466 40,306
DEPRECIATION
At 1 April 2024 3,482 4,820 1,476 9,778
Charge for year 12 12,845 179 13,036
Eliminated on disposal - (17,665 ) - (17,665 )
At 31 March 2025 3,494 - 1,655 5,149
NET BOOK VALUE
At 31 March 2025 36 33,310 1,811 35,157
At 31 March 2024 48 46,559 713 47,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 17,004 27,198
Other debtors (7,065 ) (3,108 )
9,939 24,090

Southern Print Finishing Services Ltd (Registered number: 05611029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,836 43,397
Taxation and social security 10,974 3,418
Other creditors 39,534 34,159
52,344 80,974

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
61 Ordinary £1 61 121
(2024 - 121 )
1 Ordinary B £1 1 1
NIL Ordinary C £1 - 1
1 Ordinary D £1 1 1
NIL Ordinary E £1 - 1
1 Ordinary F £1 1 1
64 126

8. RESERVES
Retained
earnings
£   

At 1 April 2024 110,234
Profit for the year 22,868
Dividends (3,500 )
Purchase of own shares (38,562 )
At 31 March 2025 91,040

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
M P Swain
Balance outstanding at start of year - (1,343 )
Amounts advanced 312 -
Amounts repaid - 1,343
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 312 -

Southern Print Finishing Services Ltd (Registered number: 05611029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G Ireland
Balance outstanding at start of year - (1,343 )
Amounts repaid (19,448 ) 1,343
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,448 ) -

10. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.