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REGISTERED NUMBER: 05034415 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

INVENTIVE PRINT SOLUTIONS LTD

INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,282 189,926
Investment property 5 407,858 407,858
599,140 597,784

CURRENT ASSETS
Stocks 500 500
Debtors 6 44,090 52,379
Cash at bank 63,948 152,055
108,538 204,934
CREDITORS
Amounts falling due within one year 7 93,846 128,895
NET CURRENT ASSETS 14,692 76,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,832

673,823

CREDITORS
Amounts falling due after more than one
year

8

(199,211

)

(223,215

)

PROVISIONS FOR LIABILITIES 10 (3,372 ) (3,033 )
NET ASSETS 411,249 447,575

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 411,149 447,475
SHAREHOLDERS' FUNDS 411,249 447,575

INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

BALANCE SHEET - continued
28 FEBRUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:




Mr S P Welland - Director



Mr M L Pearson - Director


INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Inventive Print Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05034415

Registered office: The Stores
Village Street
Bishops Tawton
BARNSTAPLE
Devon
EX32 0DG

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.

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 - 25% on reducing balance
Equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

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 8 (2024 - 8 ) .

INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Equipment Totals
£    £    £    £   
COST
At 1 March 2024 177,797 44,120 26,927 248,844
Additions - 366 5,498 5,864
At 28 February 2025 177,797 44,486 32,425 254,708
DEPRECIATION
At 1 March 2024 - 37,291 21,627 58,918
Charge for year - 1,803 2,705 4,508
At 28 February 2025 - 39,094 24,332 63,426
NET BOOK VALUE
At 28 February 2025 177,797 5,392 8,093 191,282
At 29 February 2024 177,797 6,829 5,300 189,926

Included in cost of land and buildings is freehold land of £ 177,797 (2024 - £ 177,797 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 407,858
NET BOOK VALUE
At 28 February 2025 407,858
At 29 February 2024 407,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 40,904 48,913
Other debtors 3,186 3,466
44,090 52,379

INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 22,873 21,741
Trade creditors 14,613 36,052
Taxation and social security 50,467 65,092
Other creditors 5,893 6,010
93,846 128,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans 199,211 223,215

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 107,719 136,251

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 222,084 244,956

Natwest Bank Plc hold charges over the assets of the company dated 9 August 2013, 26 January 2014, 19 October 2015, 12 April 2016 and 17 March 2017 in relation to the overdraft and mortgages.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 3,372 3,033

INVENTIVE PRINT SOLUTIONS LTD (REGISTERED NUMBER: 05034415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2024 3,033
Charge to Profit and loss account during year 339
Balance at 28 February 2025 3,372

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

12. RESERVES
Retained
earnings
£   

At 1 March 2024 447,475
Profit for the year 109,999
Dividends (146,325 )
At 28 February 2025 411,149

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Welland and Mr M Pearson.