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REGISTERED NUMBER: 09152949 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GIPPING PRESS LIMITED

GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIPPING PRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr R J Cuff
Mr D B Cuff
Mr J D Steed
Mr G D Ruffell





REGISTERED OFFICE: Unit 2, Lion Barn Industrial Estate
Needham Market
Suffolk
IP6 8NZ





REGISTERED NUMBER: 09152949 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,542 13,371

CURRENT ASSETS
Stocks 5 18,844 17,360
Debtors 6 74,378 96,084
Cash at bank and in hand 136,884 109,869
230,106 223,313
CREDITORS
Amounts falling due within one year 7 144,793 153,723
NET CURRENT ASSETS 85,313 69,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,855

82,961

CREDITORS
Amounts falling due after more than one
year

8

(28,031

)

(33,546

)

PROVISIONS FOR LIABILITIES (3,798 ) (2,543 )
NET ASSETS 69,026 46,872

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,926 46,772
69,026 46,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr G D Ruffell - Director


GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Gipping Press 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Motor vehicles - 25% on reducing balance

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 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.

GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's 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 the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 October 2023 70,520 2,500 73,020
Additions 8,200 - 8,200
Disposals (9,800 ) - (9,800 )
At 30 September 2024 68,920 2,500 71,420
DEPRECIATION
At 1 October 2023 58,027 1,622 59,649
Charge for year 3,805 220 4,025
Eliminated on disposal (7,796 ) - (7,796 )
At 30 September 2024 54,036 1,842 55,878
NET BOOK VALUE
At 30 September 2024 14,884 658 15,542
At 30 September 2023 12,493 878 13,371

5. STOCKS
2024 2023
£    £   
Stocks 18,844 17,360

GIPPING PRESS LIMITED (REGISTERED NUMBER: 09152949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,262 83,512
VAT - 6,464
Prepayments & accrued income 8,116 6,108
74,378 96,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 5,514 5,514
Trade creditors 92,407 120,036
Corporation tax 22,217 4,767
Social security & other taxes 3,350 6,095
VAT 645 -
Other creditors 1,829 3,026
Directors' current accounts 3,736 -
Accrued expenses 15,095 14,285
144,793 153,723

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,514 5,514
Bank loans - 2-5 years 22,517 28,032
28,031 33,546

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,766 14,766
Between one and five years 39,377 54,152
54,143 68,918

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,545 39,060

Bank loans is a Bounce Back Loan that is secured by the UK government.