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REGISTERED NUMBER: 04009638 (England and Wales)


















Phase Print Limited

Unaudited Financial Statements

for the Period

1st August 2023 to 30th July 2024






Phase Print Limited (Registered number: 04009638)






Contents of the Financial Statements
for the Period 1st August 2023 to 30th July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Phase Print Limited

Company Information
for the Period 1st August 2023 to 30th July 2024







DIRECTOR: Mr K Marks





REGISTERED OFFICE: Unit 6, Willow Court
Cordy Lane
Underwood
Notts
NG6 5FD





REGISTERED NUMBER: 04009638 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Phase Print Limited (Registered number: 04009638)

Balance Sheet
30th July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,667,178 1,520,766

CURRENT ASSETS
Stocks 78,725 83,975
Debtors 6 330,305 292,373
Cash at bank and in hand 115,948 96,979
524,978 473,327
CREDITORS
Amounts falling due within one year 7 (835,128 ) (646,621 )
NET CURRENT LIABILITIES (310,150 ) (173,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,028

1,347,472

CREDITORS
Amounts falling due after more than one
year

8

(622,572

)

(631,419

)

PROVISIONS FOR LIABILITIES (122,696 ) (122,696 )
NET ASSETS 611,760 593,357

CAPITAL AND RESERVES
Called up share capital 9 60 60
Capital redemption reserve 40 40
Retained earnings 611,660 593,257
SHAREHOLDERS' FUNDS 611,760 593,357

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th July 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.

Phase Print Limited (Registered number: 04009638)

Balance Sheet - continued
30th July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st May 2025 and were signed by:





Mr K Marks - Director


Phase Print Limited (Registered number: 04009638)

Notes to the Financial Statements
for the Period 1st August 2023 to 30th July 2024

1. STATUTORY INFORMATION

Phase Print 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Phase Print Limited (Registered number: 04009638)

Notes to the Financial Statements - continued
for the Period 1st August 2023 to 30th July 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2023 - 18 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st August 2023 875,000 1,402,037 130,031 71,386 2,478,454
Additions 9,099 157,464 23,588 - 190,151
Revaluations 40,901 - - - 40,901
At 30th July 2024 925,000 1,559,501 153,619 71,386 2,709,506
DEPRECIATION
At 1st August 2023 - 826,256 104,851 26,581 957,688
Charge for period - 68,662 4,777 11,201 84,640
At 30th July 2024 - 894,918 109,628 37,782 1,042,328
NET BOOK VALUE
At 30th July 2024 925,000 664,583 43,991 33,604 1,667,178
At 31st July 2023 875,000 575,781 25,180 44,805 1,520,766

Cost or valuation at 30th July 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2018 328,291 - - - 328,291
Valuation in 2022 50,000 - - - 50,000
Valuation in 2023 75,000 - - - 75,000
Valuation in 2024 40,901 - - - 40,901
Cost 430,808 1,559,501 153,619 71,386 2,215,314
925,000 1,559,501 153,619 71,386 2,709,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 289,955 273,315
Other debtors 40,350 19,058
330,305 292,373

Phase Print Limited (Registered number: 04009638)

Notes to the Financial Statements - continued
for the Period 1st August 2023 to 30th July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 236,546 178,858
Hire purchase contracts 106,194 105,421
Trade creditors 300,160 231,682
Taxation and social security (1,838 ) 6,291
Other creditors 194,066 124,369
835,128 646,621

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 331,267 283,914
Hire purchase contracts 114,199 289,701
Other creditors 177,106 57,804
622,572 631,419

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary 1 60 60