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REGISTERED NUMBER: 09641300 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

JR Press Limited

JR Press Limited (Registered number: 09641300)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JR Press Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Jones
P Jones
K Winterhalter





REGISTERED OFFICE: 7 Stephenson Close
Daventry
Northamptonshire
NN11 8RF





REGISTERED NUMBER: 09641300 (England and Wales)





AUDITORS: Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL

JR Press Limited (Registered number: 09641300)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 152,187 176,485
152,187 176,485

CURRENT ASSETS
Stocks 110,682 45,539
Debtors 6 6,588,871 5,471,435
Cash at bank 529,554 324,893
7,229,107 5,841,867
CREDITORS
Amounts falling due within one year 7 902,336 693,536
NET CURRENT ASSETS 6,326,771 5,148,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,478,958

5,324,816

PROVISIONS FOR LIABILITIES 26,437 30,745
NET ASSETS 6,452,521 5,294,071

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 47,025 47,025
Retained earnings 6,405,371 5,246,921
SHAREHOLDERS' FUNDS 6,452,521 5,294,071

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 Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





K Winterhalter - Director


JR Press Limited (Registered number: 09641300)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

JR 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.

The financial statements are presented in sterling, which is the functional currency of the company.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the risk and rewards of ownership are transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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 - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 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.


JR Press Limited (Registered number: 09641300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Trade debtors
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade receivables are recognised initially at the transaction price. They are subsequently measured at the transaction price less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Going concern
After due consideration of all the relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the Directors' Report and accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 36 ) .

JR Press Limited (Registered number: 09641300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 12,000
AMORTISATION
At 1 January 2024
and 31 December 2024 12,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 30,463 569,166 145,117
Additions - - 7,888
At 31 December 2024 30,463 569,166 153,005
DEPRECIATION
At 1 January 2024 14,255 448,970 124,750
Charge for year 3,046 34,402 12,726
At 31 December 2024 17,301 483,372 137,476
NET BOOK VALUE
At 31 December 2024 13,162 85,794 15,529
At 31 December 2023 16,208 120,196 20,367

JR Press Limited (Registered number: 09641300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 7,155 43,744 795,645
Additions - 29,612 37,500
At 31 December 2024 7,155 73,356 833,145
DEPRECIATION
At 1 January 2024 5,009 26,176 619,160
Charge for year 1,431 10,193 61,798
At 31 December 2024 6,440 36,369 680,958
NET BOOK VALUE
At 31 December 2024 715 36,987 152,187
At 31 December 2023 2,146 17,568 176,485

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 762,408 648,245
Amounts owed by group undertakings 2,579,880 2,340,873
Other debtors 100 1,614
Prepayments 35,873 34,721
3,378,261 3,025,453

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,210,610 2,445,982

Aggregate amounts 6,588,871 5,471,435

JR Press Limited (Registered number: 09641300)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 369,091 346,057
Amounts owed to group undertakings 282,637 -
Corporation tax 31,114 189,996
Social security and other taxes 33,355 25,367
VAT 104,971 86,771
Other creditors 39,091 8,708
Accrued expenses 42,077 36,637
902,336 693,536

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 72,000 67,500
Between one and five years 288,000 187,500
In more than five years 684,000 -
1,044,000 255,000

Within the year, the company has incurred operating lease payments amounting to £66,000 (2023 - £60,000)

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Will Amos (Senior Statutory Auditor)
for and on behalf of Hawsons Chartered Accountants

10. ULTIMATE CONTROLLING PARTY

The immediate parent entity is First Mate Printing & Converting Inc, based and incorporated in the USA..

The ultimate parent entity is Seaman Paper Company of Massachusetts, Inc, based and incoporated in the USA.
The ultimate parent entity draws up the consolidated financial statements for which the entity's results are included.
The registered office of Seaman Paper Company of Massachusetts is Seaman Paper, 35 Wilkins Road, Gardner, MA 01440 U.S.A.