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REGISTERED NUMBER: 03091780 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE PRINT UNIT LIMITED
T/A
FINE PRINT

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT






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

Chartered Accountants' Report 9

THE PRINT UNIT LIMITED
T/A FINE PRINT

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr F G Gremesty





SECRETARY: Mrs M Gremesty





REGISTERED OFFICE: 49 Hillgrove Business Park
Nazeing Road
Nazeing
EN9 2HB





REGISTERED NUMBER: 03091780 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 179,329 292,266

CURRENT ASSETS
Stocks 71,500 80,000
Debtors 5 46,171 53,896
117,671 133,896
CREDITORS
Amounts falling due within one year 6 86,409 80,392
NET CURRENT ASSETS 31,262 53,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,591

345,770

CREDITORS
Amounts falling due after more than one
year

7

(244,997

)

(306,975

)

PROVISIONS FOR LIABILITIES 10 (49,838 ) (59,784 )
NET LIABILITIES (84,244 ) (20,989 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 (84,246 ) (20,991 )
SHAREHOLDERS' FUNDS (84,244 ) (20,989 )

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 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 PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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 director and authorised for issue on 8 May 2025 and were signed by:





Mr F G Gremesty - Director


THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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

1. STATUTORY INFORMATION

The Print Unit Limited is a private company, limited by shares, registered in England and Wales. The company 's registered number is 03091780 and registered office address is 49 Hillgrove Business Park, Nazeing Road, Nazeing EN9 2HB.

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 represents net invoiced sales of goods and services, excluding value added tax.

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.
Land and buildings - written off over the life of the lease
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% 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
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.

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

The Company is taking all the steps it can to protect the future of the business. Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 750 638,925 639,675
Additions - 2,835 2,835
Disposals - (155,574 ) (155,574 )
At 31 August 2024 750 486,186 486,936
DEPRECIATION
At 1 September 2023 625 346,784 347,409
Charge for year 125 29,618 29,743
Eliminated on disposal - (69,545 ) (69,545 )
At 31 August 2024 750 306,857 307,607
NET BOOK VALUE
At 31 August 2024 - 179,329 179,329
At 31 August 2023 125 292,141 292,266

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 22,000
DEPRECIATION
At 1 September 2023 3,136
Charge for year 1,886
At 31 August 2024 5,022
NET BOOK VALUE
At 31 August 2024 16,978
At 31 August 2023 18,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 46,171 53,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 41,952 43,585
Hire purchase contracts (see note 8) 6,600 6,600
Trade creditors 19,429 14,132
Tax 236 -
VAT 15,992 13,875
Accrued expenses 2,200 2,200
86,409 80,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 2 ,1-2 years 14,729 25,250
Bank loans 2 , 2-5 years - 14,729
Hire purchase contracts (see note 8) - 6,600
Director's loan account 212,268 242,396
Other creditors - Robert 18,000 18,000
244,997 306,975

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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
31.8.24 31.8.23
£    £   
Gross obligations repayable:
Within one year 7,668 7,668
Between one and five years - 7,668
7,668 15,336

Finance charges repayable:
Within one year 1,068 1,068
Between one and five years - 1,068
1,068 2,136

Net obligations repayable:
Within one year 6,600 6,600
Between one and five years - 6,600
6,600 13,200

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 48,000 48,000
Between one and five years - 44,000
48,000 92,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdrafts 16,702 18,335
Hire purchase contracts 6,600 13,200
23,302 31,535

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 49,838 59,784

THE PRINT UNIT LIMITED (REGISTERED NUMBER: 03091780)
T/A FINE PRINT

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 59,784
Credit to Income Statement during year (9,946 )
Balance at 31 August 2024 49,838

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 September 2023 (20,991 )
Deficit for the year (63,255 )
At 31 August 2024 (84,246 )

13. RELATED PARTY DISCLOSURES

The Print Unit Limited rents premises from Gremesty Properties Ltd, a connected company by virtue of having Mr F. Gremesty as director and shareholder in common. Rent is charged at market rates.

14. GUARANTEE

The Print Unit Limited has provided a Bank Guarantee to Lloyds bank in relation to a bank loan given to Gremesty Properties Ltd, a connected company, by virtue of having Mr F. Gremesty as director and shareholder in common.

15. DIRECTORS' LOAN ACCOUNT

Included in Creditors - amounts falling due after more than one year is a loan of £212,668 (2023: 242,396) due to the Director. This loan is recognised at transaction price. The director's loan is not due until after more than 1 year and is interest free.

16. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. The company has Net Liabilities of £84,244 (2023: £20,989). The director has restructured the business and is confident that in the future the results will improve, strengthening the company's Balance Sheet.The director has also provided assurances that he will continue supporting the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE PRINT UNIT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Print Unit Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Print Unit Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Print Unit Limited and state those matters that we have agreed to state to the director of The Print Unit Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Print Unit Limited and its director for our work or for this report.

It is your duty to ensure that The Print Unit Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Print Unit Limited. You consider that The Print Unit Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Print Unit Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


8 May 2025