1 September 2023 false Taxfiler 2024.6 05197483business:PrivateLimitedCompanyLtd2023-09-012024-08-31 051974832023-08-31 051974832023-09-012024-08-31 05197483business:AuditExemptWithAccountantsReport2023-09-012024-08-31 05197483business:FilletedAccounts2023-09-012024-08-31 051974832024-08-31 05197483business:Director12023-09-012024-08-31 05197483business:Director22023-09-012024-08-31 05197483business:Director32023-09-012024-08-31 05197483business:CompanySecretary12023-09-012024-08-31 05197483business:RegisteredOffice2023-09-012024-08-31 051974832023-08-31 05197483core:WithinOneYear2024-08-31 05197483core:WithinOneYear2023-08-31 05197483core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 05197483core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 05197483core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 05197483core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 05197483core:PreviouslyStatedAmount2024-08-31 05197483core:PreviouslyStatedAmount2023-08-31 05197483business:SmallEntities2023-09-012024-08-31 05197483countries:EnglandWales2023-09-012024-08-31 05197483core:LandBuildings2023-09-012024-08-31 05197483core:PlantMachinery2023-09-012024-08-31 05197483core:FurnitureFittings2023-09-012024-08-31 05197483core:ComputerEquipment2023-09-012024-08-31 05197483core:LandBuildings2023-08-31 05197483core:PlantMachinery2023-08-31 05197483core:ComputerEquipment2023-08-31 05197483core:LandBuildings2024-08-31 05197483core:PlantMachinery2024-08-31 05197483core:ComputerEquipment2024-08-31 05197483core:AcceleratedTaxDepreciationDeferredTax2024-08-31 05197483core:AcceleratedTaxDepreciationDeferredTax2023-08-31 051974832022-08-31 051974832022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 05197483 (England and Wales)
First Creative Print and Display Packaging Ltd Unaudited accounts for the year ended 31 August 2024
First Creative Print and Display Packaging Ltd Unaudited accounts Contents
Page
- 2 -
First Creative Print and Display Packaging Ltd Company Information for the year ended 31 August 2024
Directors
Mr J.F. Fanstone Mr M.T. Jones Mr R.J. White
Secretary
Mr R.J. White
Company Number
05197483 (England and Wales)
Registered Office
Unit 10 Hikers Way Crendon Industrial Park Long Crendon Buckinghamshire HP18 9RW England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
- 3 -
First Creative Print and Display Packaging Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,768 
15,690 
Current assets
Inventories
73,197 
77,950 
Debtors
114,159 
141,651 
Cash at bank and in hand
40,095 
5,879 
227,451 
225,480 
Creditors: amounts falling due within one year
(161,145)
(145,811)
Net current assets
66,306 
79,669 
Total assets less current liabilities
78,074 
95,359 
Provisions for liabilities
Deferred tax
(305)
(407)
Net assets
77,769 
94,952 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
77,669 
94,852 
Shareholders' funds
77,769 
94,952 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Mr R.J. White Director Company Registration No. 05197483
- 4 -
First Creative Print and Display Packaging Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
First Creative Print and Display Packaging Ltd is a private company, limited by shares, registered in England and Wales, registration number 05197483. The registered office is Unit 10 Hikers Way, Crendon Industrial Park , Long Crendon, Buckinghamshire, HP18 9RW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing balance
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
First Creative Print and Display Packaging Ltd Notes to the Accounts for the year ended 31 August 2024
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
25,000 
8,500 
3,376 
36,876 
At 31 August 2024
25,000 
8,500 
3,376 
36,876 
Depreciation
At 1 September 2023
10,938 
7,366 
2,882 
21,186 
Charge for the year
3,515 
284 
123 
3,922 
At 31 August 2024
14,453 
7,650 
3,005 
25,108 
Net book value
At 31 August 2024
10,547 
850 
371 
11,768 
At 31 August 2023
14,062 
1,134 
494 
15,690 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,949 
12,624 
Trade debtors
106,557 
127,694 
Accrued income and prepayments
653 
1,333 
114,159 
141,651 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
129,489 
132,186 
Taxes and social security
30,599 
11,745 
Loans from directors
9 
9 
Accruals
1,048 
1,871 
161,145 
145,811 
- 6 -
First Creative Print and Display Packaging Ltd Notes to the Accounts for the year ended 31 August 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
305 
407 
2024 
2023 
£ 
£ 
Provision at start of year
407 
412 
Credited to the profit and loss account
(102)
(5)
Provision at end of year
305 
407 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -