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COMPANY REGISTRATION NUMBER: 13189382
8ight Print Solutions Limited
Filleted Unaudited Financial Statements
31 December 2024
8ight Print Solutions Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
909,858
2,295,000
Current assets
Debtors
6
625
625
Creditors: amounts falling due within one year
7
1,000
1,000
-------
-------
Net current liabilities
375
375
---------
------------
Total assets less current liabilities
909,483
2,294,625
---------
------------
Capital and reserves
Called up share capital
8
625
625
Profit and loss account
908,858
2,294,000
---------
------------
Shareholders funds
909,483
2,294,625
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr L Hill
Director
Company registration number: 13189382
8ight Print Solutions Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year including officers amounted to 2 (2023 - 2).
5. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
2,295,000
------------
Impairment
At 1 January 2024
Impairment losses
1,385,142
------------
At 31 December 2024
1,385,142
------------
Carrying amount
At 31 December 2024
909,858
------------
At 31 December 2023
2,295,000
------------
The company has a 100% shareholding in Eight Days A Week Print Solutions (Holdings) Limited, a company registered in England and Wales, that provides equipment lease services to another company within the group.
6. Debtors
2024
2023
£
£
Other debtors
625
625
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,000
1,000
-------
-------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares shares of £ 1 each
469
469
469
469
Ordinary B shares shares of £ 1 each
94
94
94
94
Ordinary C shares shares of £ 1 each
62
62
62
62
----
----
----
----
625
625
625
625
----
----
----
----
9. Ultimate controlling party
Prior to 25 October 2024, 8ight Print Solutions Limited was the ultimate parent company within the group, however following a group restructure the immediate and ultimate parent company is 8ight Group Limited, a company incorporated in England and Wales. The registered office of 8ight Group Limited is 3B Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG. The ultimate controlling party is considered to be Mr L Hill by virtue of his directorship and shareholding in the ultimate parent company.