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REGISTERED NUMBER: 03802745 (England and Wales)















Vario Press Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Vario Press Limited (Registered number: 03802745)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vario Press Limited

Company Information
for the year ended 30 September 2024







Directors: D B Clarke
G A Clarke
A S Whorrod
M Wiaterek





Secretary: D B Clarke





Registered office: Marish Wharf
St Mary's Road
Langley
Slough
Berkshire
SL3 6DA





Registered number: 03802745 (England and Wales)





Accountants: Cooper Parry Advisory Limited
1st Floor, Abbey Square
Davidson House
The Forbury
Reading
RG1 3EU

Vario Press Limited (Registered number: 03802745)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 2,258,529 2,305,699
Investments 5 17,181 17,181
2,275,710 2,322,880

Current assets
Stocks 256,675 254,673
Debtors 6 1,573,643 1,537,060
Investments 7 1,582,223 1,385,433
Cash at bank 423,151 422,628
3,835,692 3,599,794
Creditors
Amounts falling due within one year 8 2,371,623 2,233,918
Net current assets 1,464,069 1,365,876
Total assets less current liabilities 3,739,779 3,688,756

Creditors
Amounts falling due after more than one
year

9

(109,102

)

(204,167

)

Provisions for liabilities (457,033 ) (378,312 )
Net assets 3,173,644 3,106,277

Capital and reserves
Called up share capital 10 1,100 1,100
Share premium 11 59,000 59,000
Capital redemption reserve 11 100 100
Retained earnings 11 3,113,444 3,046,077
Shareholders' funds 3,173,644 3,106,277

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Vario Press Limited (Registered number: 03802745)

Balance Sheet - continued
30 September 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 19 May 2025 and were signed on its behalf by:





D B Clarke - Director


Vario Press Limited (Registered number: 03802745)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Vario 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.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Turnover
Turnover represents amounts receivable for goods and services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property-10% straight line
Plant and machinery-10 - 15% straight line
Fixtures and fittings-20% straight line
Motor vehicles-20% straight line
Computer equipment-33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Vario Press Limited (Registered number: 03802745)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued

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.

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.

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 shorter.

The interest element of these obligations is charged to the profit and loss account on a straight line basis over the period of the lease.

Rentals paid under operating leases are charged to the profit or loss account on a straight line basis over the period of the lease.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 37 (2023 - 36 ) .

Vario Press Limited (Registered number: 03802745)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


4. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
Cost
At 1 October 2023 477,915 3,950,217 119,225
Additions - 228,569 8,168
Disposals - (176,863 ) -
At 30 September 2024 477,915 4,001,923 127,393
Depreciation
At 1 October 2023 465,361 1,816,222 107,245
Charge for year 3,056 232,468 2,919
Eliminated on disposal - (117,863 ) -
At 30 September 2024 468,417 1,930,827 110,164
Net book value
At 30 September 2024 9,498 2,071,096 17,229
At 30 September 2023 12,554 2,133,995 11,980

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 October 2023 209,280 136,701 4,893,338
Additions 60,492 2,407 299,636
Disposals (38,086 ) (10,000 ) (224,949 )
At 30 September 2024 231,686 129,108 4,968,025
Depreciation
At 1 October 2023 78,331 120,480 2,587,639
Charge for year 39,281 10,682 288,406
Eliminated on disposal (38,686 ) (10,000 ) (166,549 )
At 30 September 2024 78,926 121,162 2,709,496
Net book value
At 30 September 2024 152,760 7,946 2,258,529
At 30 September 2023 130,949 16,221 2,305,699

There was a net book value of £737,664 (2023: £689,125) of assets under hire purchase as at the balance sheet date.

Vario Press Limited (Registered number: 03802745)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 October 2023
and 30 September 2024 17,181
Net book value
At 30 September 2024 17,181
At 30 September 2023 17,181

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,155,914 1,113,080
Other debtors 55,672 33,415
Prepayments and accrued income 362,057 390,565
1,573,643 1,537,060

7. Current asset investments
2024 2023
£ £
Unlisted investments 1,582,223 1,385,433

8. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts 185,471 192,897
Trade creditors 216,304 261,190
Amounts owed to group undertakings 17,181 17,181
Corporation tax 43 -
Social security and other taxes 44,356 40,115
VAT 204,048 136,691
Other creditors 957,498 879,542
Accruals and deferred income 746,722 706,302
2,371,623 2,233,918

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts 109,102 204,167

Vario Press Limited (Registered number: 03802745)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
900 Ordinary A £1 900 900
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
1,100 1,100

11. Reserves
Capital
Retained Share redemption
earnings premium reserve Totals
£ £ £ £

At 1 October 2023 3,046,077 59,000 100 3,105,177
Profit for the year 387,367 387,367
Dividends (320,000 ) (320,000 )
At 30 September 2024 3,113,444 59,000 100 3,172,544

12. Related party disclosures

Included within other creditors is an aggregate amount of £768,839 (2023: £713,152) owed by the company to the directors at the balance sheet date.

During the year the company paid rent of £250,000 (2023: £250,000) to DJ End Furbs, a pension scheme of which D B Clarke is a beneficiary. At 30 September 2024 DJ End Furbs owed £22,200 (2023: £20,400) to the company.

13. Ultimate controlling party

The ultimate controlling party is D B Clarke.