| Registered Number:08982338 |
For the year ended 10 September 2024
England and Wales
Unaudited Financial Statements
For the year ended 10 September 2024
Prolific Graphics Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Prolific Graphics Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
35,541
10,921
2
35,541
10,921
18,000
18,000
3
| Trade and other receivables |
273,301
441,308
4
82,273
| Cash and cash equivalents |
-
459,308
373,574
| Trade and other payables: amounts falling due within one |
| year |
(80,389)
(179,737)
5
293,185
279,571
Net current assets
| Total assets less current liabilities |
315,112
304,106
| Trade and other payables: amounts falling due after more |
| than one year |
-
(52,457)
6
(7,520)
(2,730)
| Provisions for liabilities |
255,135
Net assets
301,376
-
2
2
-
255,133
301,374
255,135
301,376
Shareholders' funds
| For the year ended 10 September 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 of its financial statements for the year ended 10 September 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 10 September 2024
Prolific Graphics Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 06 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 10 September 2024
Prolific Graphics Ltd
Notes to the Financial Statements
Statutory Information
| Prolific Graphics Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 08982338. |
Unit 3
Britannia Business Park, Quarry Wood
Aylesford
Kent
ME20 7NT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes for vehicle wrapping and graphic design services. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 10 September 2024
Prolific Graphics Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
21,842
-
21,842
38,129
29,675
8,454
30,296
29,675
59,971
| Provision for depreciation and impairment |
10,921
-
10,921
Charge for year
13,509
5,935
7,574
24,430
5,935
18,495
11,801
23,740
35,541
10,921
-
10,921
2023
2024
18,000
18,000
| 4. Trade and other receivables |
2023
2024
67,723
68,860
373,585
204,441
273,301
441,308
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For the year ended 10 September 2024
Prolific Graphics Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
24,062
-
13,762
-
29,701
36,655
| Taxation and social security |
110,653
41,547
1,559
2,187
179,737
80,389
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
18,954
-
| Bank loans and overdraft (secured) |
33,503
-
52,457
-
| 7. Directors advances and guarantees |
Loaned
Repaid
Interest
A Fayers
Repayable on demand
(433)
26,367
53,912
29,282
2,170
(433)
26,367
53,912
29,282
2,170
| 8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
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