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Registration number: 02001899

Apple Print Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2023 to 31 December 2024

 

Apple Print Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Apple Print Limited

(Registration number: 02001899)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

854,188

848,188

Investments

5

75,000

75,000

 

929,188

923,188

Current assets

 

Stocks

6

177,664

95,131

Debtors

7

838,422

1,334,711

Cash at bank and in hand

 

165,065

303,164

 

1,181,151

1,733,006

Creditors: Amounts falling due within one year

8

(610,383)

(1,242,388)

Net current assets

 

570,768

490,618

Total assets less current liabilities

 

1,499,956

1,413,806

Creditors: Amounts falling due after more than one year

8

(566,469)

(512,809)

Provisions for liabilities

(91,123)

(84,707)

Net assets

 

842,364

816,290

Capital and reserves

 

Called up share capital

853

853

Revaluation reserve

116,388

151,066

Retained earnings

725,123

664,371

Shareholders' funds

 

842,364

816,290

 

Apple Print Limited

(Registration number: 02001899)
Balance Sheet as at 31 December 2024

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 June 2025 and signed on its behalf by:
 

.........................................
A Watts
Director

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Orchard
Abex Road
Newbury
Berkshire
RG14 5EY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20%-33% straight line basis

Freehold property and property improvements

2%-33% straight line basis

Plant and machinery

15%-33% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 41 (2023 - 49).

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

683,985

506,018

138,652

1,328,655

Additions

-

159,918

23,288

183,206

Disposals

-

(62,205)

-

(62,205)

At 31 December 2024

683,985

603,731

161,940

1,449,656

Depreciation

At 1 July 2023

101,187

328,136

51,144

480,467

Charge for the period

26,823

93,899

44,043

164,765

Eliminated on disposal

-

(49,764)

-

(49,764)

At 31 December 2024

128,010

372,271

95,187

595,468

Carrying amount

At 31 December 2024

555,975

231,460

66,753

854,188

At 30 June 2023

582,798

177,882

87,508

848,188

Included within the net book value of land and buildings above is £555,975 (2023 - £582,798) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

75,000

75,000

Subsidiaries

£

Cost or valuation

At 1 July 2023

75,000

Provision

Carrying amount

At 31 December 2024

75,000

At 30 June 2023

75,000

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Big Print Limited

Ordinary

100%

100%

6

Stocks

2024
£

2023
£

Work in progress

174,239

92,009

Other inventories

3,425

3,122

177,664

95,131

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

318,352

893,336

Amounts owed by related parties

10

305,635

386,234

Prepayments

 

23,256

34,761

Other debtors

 

191,179

20,380

   

838,422

1,334,711

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

209,537

144,746

Trade creditors

 

205,821

140,290

Amounts owed to related parties

10

4,319

-

Taxation and social security

 

145,451

267,619

Other creditors

 

45,255

689,733

 

610,383

1,242,388

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

499,109

443,729

Other non-current financial liabilities

 

67,360

69,080

 

566,469

512,809

2024
£

2023
£

Due after more than five years

After more than five years by instalments

6,229

4,798

-

-

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

116,600

76,775

Hire purchase contracts

92,937

67,971

209,537

144,746

 

Apple Print Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

336,303

323,250

Hire purchase contracts

162,806

120,479

499,109

443,729

Details of security provided:

The bank loan is secured against the property to which it relates.

The HP liabilities and finance leases are secured against the assets to which they relate.

The invoice discounting facility is secured against the asssets of the company.

10

Related party transactions

Other transactions with directors

During the year A Watts (director) had a loan with the company. At the balance sheet date the amount due to A Watts was £585 (2023: £nil).

Other related party transactions

During the year dividends of £nil (2023: £117,871) were paid to Apple Print Holdings Limited.

During the year dividends of £nil (2023: £416) were paid to Apple Print & Creative Holdings Limited.

AP&C Global BV (a company incorporated in the Netherlands and is under common control) had a loan account with the company. At the balance sheet date the amount due from AP&C Global BV was £160,788 (2023: £80,599).

Controlling party

The immediate controlling party is Apple Print Holdings Limited. The ultimate controlling party is A Watts.