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Storm Print and Design Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

Registration number: 06427602

 

Storm Print and Design Limited

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Storm Print and Design Limited

(Registration number: 06427602)
Statement of financial position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

5,160

6,020

Current assets

 

Debtors

6

8,158

24,296

Cash at bank and in hand

 

36,377

53,005

 

44,535

77,301

Creditors: Amounts falling due within one year

7

(36,467)

(39,731)

Net current assets

 

8,068

37,570

Total assets less current liabilities

 

13,228

43,590

Creditors: Amounts falling due after more than one year

7

(5,888)

(15,888)

Net assets

 

7,340

27,702

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

7,240

27,602

Shareholders' funds

 

7,340

27,702

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr B Colverson
Director

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Computer equipment

33% straight line

Motor Vehicles

25% reducing balance

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

860

860

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Tangible assets

Fixtures and Fittings
£

Total
£

Cost or valuation

At 1 December 2023

8,600

8,600

At 30 November 2024

8,600

8,600

Depreciation

At 1 December 2023

2,580

2,580

Charge for the year

860

860

At 30 November 2024

3,440

3,440

Carrying amount

At 30 November 2024

5,160

5,160

At 30 November 2023

6,020

6,020

6

Debtors

2024
£

2023
£

Trade debtors

-

19,800

Other debtors

8,158

4,496

8,158

24,296

 

Storm Print and Design Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

25,863

22,260

Taxation and social security

 

-

2,721

Accruals and deferred income

 

-

4,500

Other creditors

 

604

250

 

36,467

39,731

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

5,888

15,888

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100