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REGISTERED NUMBER: 09721204 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 August 2024

for

Xpress Print Solutions Limited

Xpress Print Solutions Limited (Registered number: 09721204)






Contents of the Financial Statements
for the Year Ended 30 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Xpress Print Solutions Limited (Registered number: 09721204)

Balance Sheet
30 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,576 11,172
Tangible assets 5 13,933 19,643
23,509 30,815

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 34,314 -
Cash at bank 5,100 3,610
54,414 18,610
CREDITORS
Amounts falling due within one year 7 148,780 89,103
NET CURRENT LIABILITIES (94,366 ) (70,493 )
TOTAL ASSETS LESS CURRENT LIABILITIES (70,857 ) (39,678 )

CREDITORS
Amounts falling due after more than one year 8 31,405 28,568
NET LIABILITIES (102,262 ) (68,246 )

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings (117,262 ) (83,246 )
SHAREHOLDERS' FUNDS (102,262 ) (68,246 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr D M Harris - Director


Xpress Print Solutions Limited (Registered number: 09721204)

Notes to the Financial Statements
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

Xpress Print Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09721204

Registered office: Unit 10 Albion Gateway
Milan Road
Burton Upon Trent
Staffordshire
DE13 0FY

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 a going concern basis notwithstanding the deficit in net assets.The main creditor of the company being a loan balance of £79,998.The directors are satisfied that the shareholders are prepared to continue to support the development of the company for the next year.

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

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Xpress Print Solutions Limited (Registered number: 09721204)

Notes to the Financial Statements - continued
for the Year Ended 30 August 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 August 2023
and 30 August 2024 15,960
AMORTISATION
At 31 August 2023 4,788
Amortisation for year 1,596
At 30 August 2024 6,384
NET BOOK VALUE
At 30 August 2024 9,576
At 30 August 2023 11,172

Xpress Print Solutions Limited (Registered number: 09721204)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 August 2023
and 30 August 2024 19,015 17,887 26,213 63,115
DEPRECIATION
At 31 August 2023 7,206 17,887 18,379 43,472
Charge for year 1,901 - 3,809 5,710
At 30 August 2024 9,107 17,887 22,188 49,182
NET BOOK VALUE
At 30 August 2024 9,908 - 4,025 13,933
At 30 August 2023 11,809 - 7,834 19,643

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 31 August 2023
and 30 August 2024 11,100
DEPRECIATION
At 31 August 2023 3,700
Charge for year 3,700
At 30 August 2024 7,400
NET BOOK VALUE
At 30 August 2024 3,700
At 30 August 2023 7,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,314 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,940 13,776
Hire purchase contracts 957 4,163
Trade creditors 20,624 -
Taxation and social security 12,641 7,211
Other creditors 104,618 63,953
148,780 89,103

Xpress Print Solutions Limited (Registered number: 09721204)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,405 27,569
Hire purchase contracts - 999
31,405 28,568

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 957 5,162

Hire purchase creditors are secured on the assets to which they relate.