Caseware UK (AP4) 2024.0.164 2024.0.164 2022-12-312022-12-312025-05-22false2022-01-01falseNo description of principal activity412truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03802642 2022-01-01 2022-12-31 03802642 2021-01-01 2021-12-31 03802642 2022-12-31 03802642 2021-12-31 03802642 c:Director1 2022-01-01 2022-12-31 03802642 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03802642 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 03802642 d:OtherResidualIntangibleAssets 2022-01-01 2022-12-31 03802642 d:CurrentFinancialInstruments 2022-12-31 03802642 d:CurrentFinancialInstruments 2021-12-31 03802642 d:Non-currentFinancialInstruments 2022-12-31 03802642 d:Non-currentFinancialInstruments 2021-12-31 03802642 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03802642 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03802642 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03802642 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 03802642 d:ShareCapital 2022-12-31 03802642 d:ShareCapital 2021-12-31 03802642 d:SharePremium 2022-12-31 03802642 d:SharePremium 2021-12-31 03802642 d:RevaluationReserve 2022-12-31 03802642 d:RevaluationReserve 2021-12-31 03802642 d:RetainedEarningsAccumulatedLosses 2022-12-31 03802642 d:RetainedEarningsAccumulatedLosses 2021-12-31 03802642 c:FRS102 2022-01-01 2022-12-31 03802642 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03802642 c:FullAccounts 2022-01-01 2022-12-31 03802642 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03802642 2 2022-01-01 2022-12-31 03802642 5 2022-01-01 2022-12-31 03802642 6 2022-01-01 2022-12-31 03802642 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 03802642









PREMIER PRINT GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
PREMIER PRINT GROUP LIMITED
REGISTERED NUMBER: 03802642

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
                                            Note
£
£

Fixed assets
  

Investments
 5 
-
355,000

  
-
355,000

Current assets
  

Debtors: amounts falling due within one year
 6 
228,115
305,578

Cash at bank and in hand
 7 
29,120
15,639

  
257,235
321,217

Creditors: amounts falling due within one year
 8 
(2,027,160)
(2,029,509)

Net current liabilities
  
 
 
(1,769,925)
 
 
(1,708,292)

Total assets less current liabilities
  
(1,769,925)
(1,353,292)

Creditors: amounts falling due after more than one year
 9 
(141,209)
(212,977)

  

Net liabilities
  
(1,911,134)
(1,566,269)

Page 1

 
PREMIER PRINT GROUP LIMITED
REGISTERED NUMBER: 03802642
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Capital and reserves
  

Called up share capital 
  
1,442
1,442

Share premium account
  
699,558
699,558

Revaluation reserve
  
(355,000)
-

Profit and loss account
  
(2,257,134)
(2,267,269)

  
(1,911,134)
(1,566,269)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2025.




G B Goodson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Premier Print Group Limited is a private company limited by shares and incorporated in England and Wales, with the registration number 03802642. The address of the registered office is GO2 Lock Studios, 7 Corsican Square, London, E3 3YD. The nature of the company's operations and principal activities is that of printing.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss of £344,865 for the year and had net liabilities at the year end of £1,911,134. The Company relies on the support of its creditors for continued support.  On 1 September 2021, the Company entered a creditors voluntary arrangement in satisfaction of its debts. The directors have evaluated their business plan and believe that this will enable the Company to adhere to the terms of the creditors voluntary arrangement. On this basis the directors have prepared the accounts on the going concern basis. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets to current assets and long term liabilities as current liabilities

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease ter,,,m.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Other intangible fixed assets
-
3
years

Page 4

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

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

Page 6

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 12).


4.


Intangible assets




Development

£



Cost


At 1 January 2022
21,255



At 31 December 2022

21,255



Amortisation


At 1 January 2022
21,255



At 31 December 2022

21,255



Net book value



At 31 December 2022
-



At 31 December 2021
-




5.


Fixed asset investments





Other Fixed Asset Investments

£





At 1 January 2022
355,000


Revaluations
(355,000)



At 31 December 2022
-




Page 7

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Factored debts
77,570
121,839

Other debtors
102,738
104,506

Prepayments and accrued income
47,807
79,233

228,115
305,578









7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
29,120
15,640

Less: bank overdrafts
-
(9,087)

29,120
6,553



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
-
9,087

Other loans
30,000
30,000

Trade creditors
155,618
147,841

Corporation tax
1,156
7,562

Other taxation and social security
3,373
3,842

Pension fund loan payable
30,767
16,533

Other creditors
1,781,341
1,784,374

Accruals and deferred income
24,905
30,270

2,027,160
2,029,509


The monies outstanding in regard to the factored debt are secured against the company's debtors.

Page 8

 
PREMIER PRINT GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other loans
141,209
212,977

141,209
212,977


The following liabilities were secured:

2022
2021
£
£



Net obligations under finance leases and hire purchase contracts
-
29,476

Other loans
110,000
140,000

Pension fund loan payable
91,976
119,510

201,976
288,986

Details of security provided:

The net obligations under finance lease and hire purchase contracts liability is secured against the fixed assets that it relates to.
Other loans are secured by a fixed and floating charge over the assets of the company and proposed CVA repayments due. 
The pension fund loan is secured by a fixed charge over the trade marks held by the company.
 


10.


Controlling party

The company's ultimate parent undertaking is Premier Print Holdings Limited. The company's ultimate controlling party is G Goodson by virtue of his majority shareholding in the parent undertaking.

 
Page 9