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REGISTERED NUMBER: 06713478 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRO PRINT SOLUTIONS LIMITED

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

PRO PRINT SOLUTIONS LIMITED

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | G Smithson

| R J Pickup

| G Harris

| A S Dickinson

| SECRETARY: | G Smithson

| REGISTERED OFFICE: | A1 Challenge Court

| Blakewater Road

| Blackburn

| Lancashire

| BB1 5EU

| REGISTERED NUMBER: | 06713478 (England and Wales)

| ACCOUNTANTS: | Hayes & Co

| Chartered Accountants

| St Andrews House

| 11 Dalton Ct,Commercial Rd

| Blackburn Interchange

| Darwen

| Lancashire

| BB3 0DG

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 20,408 |  | 25,152 |  |

20,408 |  | 25,152 |  |

CURRENT ASSETS

Stocks | 163,907 |  | 178,785 |  |

Debtors | 6 | 197,411 |  | 198,141 |  |

Cash at bank and in hand | 105,782 |  | 124,536 |  |

467,100 |  | 501,462 |  |

CREDITORS

Amounts falling due within one year | 7 | 436,923 |  | 452,521 |  |

NET CURRENT ASSETS | 30,177 |  | 48,941 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 50,585 |  | 74,093 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (4,134 | ) | (30,091 | ) |

PROVISIONS FOR LIABILITIES | (5,102 | ) | (5,139 | ) |

NET ASSETS | 41,349 |  | 38,863 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 40,349 |  | 37,863 |  |

SHAREHOLDERS' FUNDS | 41,349 |  | 38,863 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

BALANCE SHEET - continued

31 December 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 20 June 2025 and were signed on its behalf by:

G Harris - Director

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Pro Print Solutions Limited is a private company, limited by shares and registered in England and Wales. The registered number is 06713478 and the registered office is A1 Challenge Court, Blakewater Road, Blackburn, Lancashire, BB1 5EU.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland (' FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience that the directors have and other factors that are considered relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both the current and future periods.

| Turnover

| The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. With regard to services the income is recognised over the period when the services are delivered.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Tangible assets are initially recorded at cost.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade receivable, cash and bank balances are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

| Other financial assets

| The company has no financial instruments that are classified as other financial assets.

| Impairment of financial assets

| Financial assets, other than those held at fair value through the income statement, are assessed for indicators of impairment at each reporting date.

| Financial assets are impaired where there is objective evidence that, as a result if one or more events that occurred after the initial recognition of the financial assets, the estimated future cash flows have been affected. If an assets is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Basic financial liabilities, including creditors, loans from associated companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| The company has no financial instruments that are classified as other financial liabilities.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current taxation

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as report in the income statement because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

| Deferred tax

| Deferred tax liabilities are generally recognised for all the timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| 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.

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

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

| Assets obtained under hire purchase contracts or finance 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 life or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the income statement 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.

| Employee benefits

| The costs of short- term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

| The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with the bank.

| Going concern

| The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future.The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 13 (2023 - 13 ) .

4. | INTANGIBLE FIXED ASSETS

| Website

| development

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 9,970 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 9,970 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 17,213 |  | 30,774 |  | 20,818 |  | 68,805 |  |

| Additions | 1,582 |  | - |  | 295 |  | 1,877 |  |

| At 31 December 2024 | 18,795 |  | 30,774 |  | 21,113 |  | 70,682 |  |

| DEPRECIATION

| At 1 January 2024 | 10,093 |  | 16,177 |  | 17,383 |  | 43,653 |  |

| Charge for year | 1,741 |  | 3,649 |  | 1,231 |  | 6,621 |  |

| At 31 December 2024 | 11,834 |  | 19,826 |  | 18,614 |  | 50,274 |  |

| NET BOOK VALUE

| At 31 December 2024 | 6,961 |  | 10,948 |  | 2,499 |  | 20,408 |  |

| At 31 December 2023 | 7,120 |  | 14,597 |  | 3,435 |  | 25,152 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 166,145 |  | 171,529 |  |

| Amounts owed by associates | 23,043 |  | 23,043 |  |

| VAT | 2,070 |  | - |  |

| Prepayments | 6,153 |  | 3,569 |  |

197,411 |  | 198,141 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 20,833 |  | 50,000 |  |

| Other loans | 740 |  | 30,071 |  |

| Hire purchase contracts | 5,938 |  | 5,938 |  |

| Trade creditors | 326,197 |  | 243,687 |  |

| Tax | 49,643 |  | 68,020 |  |

| Social security and other taxes | 3,429 |  | 3,377 |  |

| VAT | - |  | 13,433 |  |

| Other creditors | 1,007 |  | 9,272 |  |

| Directors' current accounts | 6,579 |  | 6,394 |  |

| Accrued expenses | 22,557 |  | 22,329 |  |

436,923 |  | 452,521 |  |

PRO PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 06713478)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | - |  | 20,833 |  |

| Hire purchase contracts | 4,134 |  | 9,258 |  |

4,134 |  | 30,091 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans | 20,833 |  | 70,833 |  |

| Bank overdrafts and loans are secured by a fixed and floating debenture charge over all of the company's current and future assets in favour of the Royal Bank of Scotland plc.

10. | ULTIMATE CONTROLLING PARTY

| The company is under the ultimate control of the directors and equal shareholders, Messrs Dickinson, Harris, Pickup and Smithson.