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REGISTERED NUMBER: 07686180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LEISTON PRESS LTD

LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEISTON PRESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: L R Barnes
Ms A M Lambert
MRS S M Barnes
G Barnes





REGISTERED OFFICE: Unit A2
Masterlord Industrial Estate
Leiston
Suffolk
IP16 4JD





REGISTERED NUMBER: 07686180 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 319,842 355,976

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 173,176 183,731
Cash at bank 199,451 128,936
378,127 318,167
CREDITORS
Amounts falling due within one year 6 235,934 205,335
NET CURRENT ASSETS 142,193 112,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,035

468,808

CREDITORS
Amounts falling due after more than one
year

7

10,200

23,800
NET ASSETS 451,835 445,008

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 451,834 445,007
451,835 445,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)

BALANCE SHEET - continued
31 AUGUST 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 14 May 2025 and were signed on its behalf by:





G Barnes - Director


LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Leiston Press 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 15% 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.

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.

LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 118,893 667,774 786,667
DEPRECIATION
At 1 September 2023 20,148 410,543 430,691
Charge for year 2,378 33,756 36,134
At 31 August 2024 22,526 444,299 466,825
NET BOOK VALUE
At 31 August 2024 96,367 223,475 319,842
At 31 August 2023 98,745 257,231 355,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,828 180,383
Other debtors 3,348 3,348
173,176 183,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,316 6,316
Hire purchase contracts (see note 8) 13,600 13,600
Trade creditors 91,916 100,845
Taxation and social security 73,051 33,739
Other creditors 51,051 50,835
235,934 205,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 10,200 23,800

LEISTON PRESS LTD (REGISTERED NUMBER: 07686180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 13,600 13,600
Between one and five years 10,200 23,800
23,800 37,400

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,872 19,872
Between one and five years 6,384 20,928
26,256 40,800

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the Director Mr G Barnes was owed by the company £710 (2023: -£494). This loan is interest free and repayable on demand.