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REGISTERED NUMBER: 01548206 (England and Wales)














Totalprint Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Totalprint Limited (Registered number: 01548206)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 10


Totalprint Limited

Company Information
for the Year Ended 31 March 2025







Directors: A C Bell
G B Wilson
S M J Wilson
P A Wilson





Secretary: G B Wilson





Registered office: Bank House
Broad Street,
Spalding
Lincolnshire
PE11 1TB





Business address: Hillside
Station Road
Gedney Hill
Spalding
Lincolnshire
PE12 0NP





Registered number: 01548206 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Totalprint Limited


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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Totalprint Limited for the year ended 31 March 2025 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Totalprint Limited, as a body, in accordance with the terms of our engagement letter dated 23 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Totalprint Limited and state those matters that we have agreed to state to the Board of Directors of Totalprint Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Totalprint Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Totalprint Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Totalprint Limited. You consider that Totalprint Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Totalprint Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


28 July 2025

Totalprint Limited (Registered number: 01548206)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 5 245,500 264,098

Current assets
Stocks 15,000 15,000
Debtors 6 316,744 260,192
Cash at bank 3 3
331,747 275,195
Creditors
Amounts falling due within one year 7 490,122 389,175
Net current liabilities (158,375 ) (113,980 )
Total assets less current liabilities 87,125 150,118

Creditors
Amounts falling due after more than one
year

8

(42,534

)

(62,111

)

Provisions for liabilities (37,374 ) (39,408 )
Net assets 7,217 48,599

Capital and reserves
Called up share capital 10 200 175
Retained earnings 7,017 48,424
Shareholders' funds 7,217 48,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Totalprint Limited (Registered number: 01548206)

Statement of Financial Position - continued
31 March 2025


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:




A C Bell - Director



G B Wilson - Director


Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. Statutory information

Totalprint 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - 4% straight line
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 15% on reducing balance

Stocks
Stocks are measured at the lower cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligation of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance leases and hire purchase contracts
Asset held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepared contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


3. Accounting policies - continued

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of the lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government grants are recognised at the fair value of the asset receivable or receivable. Grants are not recognised until there is a reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will e required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised ae recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employees and directors

The average number of employees during the year was 27 (2024 - 25 ) .

Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. Tangible fixed assets
Fixtures,
fittings
Leasehold Plant and and
property machinery equipment Totals
£    £    £    £   
Cost
At 1 April 2024 251,213 349,150 128,299 728,662
Additions - 16,425 1,820 18,245
At 31 March 2025 251,213 365,575 130,119 746,907
Depreciation
At 1 April 2024 147,497 215,879 101,188 464,564
Charge for year 10,049 22,455 4,339 36,843
At 31 March 2025 157,546 238,334 105,527 501,407
Net book value
At 31 March 2025 93,667 127,241 24,592 245,500
At 31 March 2024 103,716 133,271 27,111 264,098

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 309,560 248,818
Directors' current accounts - 4,377
Prepayments and accrued income 7,184 6,997
316,744 260,192

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 73,017 109,832
Hire purchase contracts (see note 9) 13,467 15,680
Trade creditors 93,823 83,542
Corporation tax 47,082 64,131
Social security and other taxes 12,584 13,341
VAT 71,855 66,682
Other creditors 2,715 2,298
Amounts owed to related
companies 134,295 21,524
Directors' current accounts 35,239 3,945
Accruals and deferred income 6,045 8,200
490,122 389,175

Bank loans and overdrafts are secured by a fixed and floating charge over the company assets.

The Bounce Back loan is 100% government backed.

Obligations under finance leases and hire purchase contracts are secured by the assets to which they relate.

Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bounce back loan 28,420 34,171
Hire purchase contracts (see note 9) 12,127 25,602
Accruals and deferred income 1,987 2,338
42,534 62,111

Bank loans and overdrafts are secured by a fixed and floating charge over the company assets.

The Bounce Back loan is 100% government backed.

Obligations under finance leases and hire purchase contracts are secured by the assets to which they relate.

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 13,467 15,680
Between one and five years 12,127 25,602
25,594 41,282

Non-cancellable operating leases
2025 2024
£    £   
Within one year 16,098 22,900
Between one and five years 10,179 18,895
26,277 41,795

10. Called up share capital

2025 2024
No. £    No. £   
Ordinary A shares of £1 each 75 75.00 75 75.00
Ordinary B shares of £1 each 25 25.00 25 25.00
Redeemable C shares of £1 each 75 75.00 75 75.00
Redeemable D shares of £1 each 25 25.00 - -
200 200.00 175 175.00

A new class of shares, Redeemable D class shares were created on the 28 August 2024. A reorganisation of the directors' various shareholdings occurred at that date and 25 D class shares were acquired by an existing shareholder.

Totalprint Limited (Registered number: 01548206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/202531/3/2024
£   £   

Balance outstanding at start of year(432)(31,487)
Amounts advanced168,464228,055
Amounts repaid(132,793)(196,136)
Balance outstanding at end of year35,239(432)


The figures above are aggregated. Interest of £NIL (2024 - £1,765) is charged to the loan.

12. Related party transactions

During the current financial year, the company sold goods and services from a company under common control amounting to £44,150 (2024 - £3,387). At 31 March 2025, the company owed £134,295 (2024 -£21,524) to the associated company.