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REGISTERED NUMBER: 08522934 (England and Wales)















SOV PRINT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOV PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: R J Davis
M Davis
G Davis
B Davis
J Davis
E E Davis
G Davis
J Davis





REGISTERED OFFICE: Riverside House
Maple Drive
Dyffryn Business Park
Ystrad Mynach
Caerphilly
CF82 7UA





REGISTERED NUMBER: 08522934 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 112,500

CURRENT ASSETS
Stocks 285,975 299,230
Debtors 5 290,334 215,051
Cash at bank 81,860 122,575
658,169 636,856
CREDITORS
Amounts falling due within one year 6 281,729 214,635
NET CURRENT ASSETS 376,440 422,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,440

534,721

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 476,340 534,621
SHAREHOLDERS' FUNDS 476,440 534,721

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

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

SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

BALANCE SHEET - continued
31ST 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





R J Davis - Director


SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Sov Print 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 250,000
AMORTISATION
At 1st January 2024 137,500
Charge for year 12,500
At 31st December 2024 150,000
NET BOOK VALUE
At 31st December 2024 100,000
At 31st December 2023 112,500

SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 290,334 208,121
Prepayments - 6,930
290,334 215,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 118,994 55,567
Corporation Tax 123,492 110,922
VAT 39,243 48,146
281,729 214,635

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
10 Ordinary A £1 10 10
13 Ordinary B £1 13 13
13 Ordinary C £1 13 13
13 Ordinary D £1 13 13
9 Ordinary E £1 9 9
12 Ordinary F £1 12 12
12 Ordinary G £1 12 12
12 Ordinary H £1 12 12
2 S1 £1 2 2
2 S2 £1 2 2
2 S3 £1 2 2
100 100

SOV PRINT LIMITED (REGISTERED NUMBER: 08522934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. RELATED PARTY DISCLOSURES

At 31 December 2024, the company had no outstanding amounts owing to or from the directors of the company:(2023: Nil).

During the year the company paid management charges of £62,400 (2023 : £62,400) and rent of £77,808 (2023 : £77,808) to Sov Holdings Ltd a company under the control of the directors.

Included within trade creditors is £14,021 owed to Sov Holdings Ltd (2023 : £15,359).