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Registration number: 10473958

Theprintshop Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Theprintshop Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Theprintshop Ltd

Company Information

Directors

Mr Shane Pritchard

Mr Callum Baker

Registered office

Unit 1
8 Vale Lane
Bristol
BS3 5RU

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Theprintshop Ltd

(Registration number: 10473958)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

         

Fixed assets

   

Tangible assets

5

 

251,054

233,501

Current assets

   

Stocks

6

26,300

 

24,268

Debtors

7

4,963

 

3,427

Cash at bank and in hand

 

950,648

 

857,643

 

981,911

 

885,338

Creditors: Amounts falling due within one year

8

(258,367)

 

(205,091)

Net current assets

   

723,544

680,247

Total assets less current liabilities

   

974,598

913,748

Provisions for liabilities

 

(62,026)

(58,375)

Net assets

   

912,572

855,373

Capital and reserves

   

Called up share capital

90

 

90

Retained earnings

912,482

 

855,283

Shareholders' funds

   

912,572

855,373

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Theprintshop Ltd

(Registration number: 10473958)
Balance Sheet as at 30 November 2024

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 17 June 2025 and signed on its behalf by:
 

.........................................

Mr Shane Pritchard
Director

.........................................

Mr Callum Baker
Director

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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.

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
Unit 1
8 Vale Lane
Bristol
BS3 5RU

These financial statements were authorised for issue by the Board on 17 June 2025.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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

Plant & Machinery

25% Straight Line and Reducing Balance

Fixtures and Fittings

25% Straight Line and Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 12).

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 30 November 2024

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 December 2023

-

22,988

350,563

-

Additions

4,400

-

90,435

9,589

Disposals

-

-

(40,649)

(430)

Transfers

-

-

(38,107)

38,107

At 30 November 2024

4,400

22,988

362,242

47,266

Depreciation

At 1 December 2023

-

22,637

117,413

-

Charge for the year

1,452

88

58,491

6,739

Eliminated on disposal

-

-

(20,619)

(359)

Transfers

-

-

(15,626)

15,626

At 30 November 2024

1,452

22,725

139,659

22,006

Carrying amount

At 30 November 2024

2,948

263

222,583

25,260

At 30 November 2023

-

351

233,150

-

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Total
£

Cost or valuation

At 1 December 2023

373,551

Additions

104,424

Disposals

(41,079)

Transfers

-

At 30 November 2024

436,896

Depreciation

At 1 December 2023

140,050

Charge for the year

66,770

Eliminated on disposal

(20,978)

Transfers

-

At 30 November 2024

185,842

Carrying amount

At 30 November 2024

251,054

At 30 November 2023

233,501

Included within the net book value of land and buildings above is £2,948 (2023 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

26,300

24,268

7

Debtors

Current

2024
£

2023
£

Trade debtors

49

-

Prepayments

3,912

2,425

Other debtors

1,002

1,002

 

4,963

3,427

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

63,951

52,984

Taxation and social security

189,209

148,887

Accruals and deferred income

3,785

2,868

Other creditors

1,422

352

258,367

205,091

9

Related party transactions

At the balance sheet date the company owed the directors £352 (2023 - £352) This loan is interest free and repayable on demand.

 

Theprintshop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Loans from related parties

2024

Key management
£

Total
£

At start of period

352

352

At end of period

352

352

2023

Key management
£

Total
£

At start of period

352

352

At end of period

352

352

Terms of loans from related parties

All loans to the company are interest free and repayable on demand.