REGISTERED NUMBER: |
GRAPHIC PRINT & SIGN COMPANY LTD |
Unaudited Financial Statements For The Year Ended 28 February 2025 |
REGISTERED NUMBER: |
GRAPHIC PRINT & SIGN COMPANY LTD |
Unaudited Financial Statements For The Year Ended 28 February 2025 |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Contents of the Financial Statements |
For The Year Ended 28 February 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 7 |
GRAPHIC PRINT & SIGN COMPANY LTD |
Company Information |
For The Year Ended 28 February 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Balance Sheet |
28 February 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Balance Sheet - continued |
28 February 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Notes to the Financial Statements |
For The Year Ended 28 February 2025 |
1. | STATUTORY INFORMATION |
Graphic Print & Sign Company Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements |
There were no judgements made that were significant enough to warrant disclosure. |
Turnover |
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work or on expected selling price on work part completed at the balance sheet date. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stock consists raw materials, part complete and finished goods. |
The raw materials are valued at actual cost and part complete stock is valued at cost plus a margin that reflects how complete the work has progressed. Net realisable value exceeds the value of raw materials and work in progress. |
The finished goods value is at raw material cost plus an additional amount to cover the direct cost of production. Net realisable value also exceeds the value of the finished goods. |
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. |
Significant estimates |
There were no estimates made that were significant enough to warrant disclosure. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Notes to the Financial Statements - continued |
For The Year Ended 28 February 2025 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2024 |
and 28 February 2025 |
DEPRECIATION |
At 1 March 2024 |
Charge for year |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Trade creditors |
Taxation and social security |
Other creditors |
A bank loan and bank overdraft facility made available to the company are secured by way of a Director's personal guarantee. |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2025 | 2024 |
£ | £ |
Bank loans (see note 8) |
GRAPHIC PRINT & SIGN COMPANY LTD (REGISTERED NUMBER: 07528317) |
Notes to the Financial Statements - continued |
For The Year Ended 28 February 2025 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
2025 | 2024 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans |
Other loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
During the year to 28 February 2021 the company received a Coronavirus Bounce Back Loan of £50,000. This is required to be disclosed in the accounts as amounts owing in less than one year, between 1 and 2 years, between 2 and five years and over five years, all as set out above. |
9. | FINANCIAL INSTRUMENTS |
Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value. |
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis. |
Hire purchase contracts taken out by the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis. |
10. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities. |
GRAPHIC PRINT & SIGN COMPANY LTD |
Report of the Accountants to the Directors of |
Graphic Print & Sign Company Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on pages three to eleven and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |