Windmill Printing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC488816

Windmill Printing Limited

Filleted Unaudited Financial Statements

31 December 2024

Windmill Printing Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	–	45,869
Tangible assets	6	71,899	81,890
		--------	---------
		71,899	127,759

Current assets

Stocks		35,522	32,720
Debtors	7	336,443	248,801
Cash at bank and in hand		274,731	319,169
		---------	---------
		646,696	600,690

Creditors: amounts falling due within one year	8	164,711		145,696
		---------		---------
Net current assets			481,985	454,994
			---------	---------
Total assets less current liabilities			553,884	582,753
			---------	---------
Net assets			553,884	582,753
			---------	---------

Windmill Printing Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	553,784	582,653
	---------	---------
Shareholders funds	553,884	582,753
	---------	---------

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 22 September 2025 , and are signed on behalf of the board by:

Mr M Ross

Director

Company registration number: SC488816

Windmill Printing 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 Scotland. The address of the registered office is Denmore Place, Bridge of Don, Aberdeen, AB23 8JS.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	10% straight line
Website	-	100% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

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.

Stocks

Stocks are measured at the lower of 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2023: 16 ).

5. Intangible assets

	Goodwill	Website	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	550,000	11,520	561,520
	---------	--------	---------
Amortisation
At 1 January 2024	504,131	11,520	515,651
Charge for the year	45,869	–	45,869
	---------	--------	---------
At 31 December 2024	550,000	11,520	561,520
	---------	--------	---------
Carrying amount
At 31 December 2024	–	–	–
	---------	--------	---------
At 31 December 2023	45,869	–	45,869
	---------	--------	---------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	167,551	51,398	29,245	248,194
Additions	8,820	–	–	8,820
	---------	--------	--------	---------
At 31 December 2024	176,371	51,398	29,245	257,014
	---------	--------	--------	---------
Depreciation
At 1 January 2024	121,198	33,882	11,224	166,304
Charge for the year	10,872	3,916	4,023	18,811
	---------	--------	--------	---------
At 31 December 2024	132,070	37,798	15,247	185,115
	---------	--------	--------	---------
Carrying amount
At 31 December 2024	44,301	13,600	13,998	71,899
	---------	--------	--------	---------
At 31 December 2023	46,353	17,516	18,021	81,890
	---------	--------	--------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	180,345	133,131
Amounts owed by group undertakings and undertakings in which the company has a participating interest	83,349	29,882
Other debtors	72,749	85,788
	---------	---------
	336,443	248,801
	---------	---------

Debtors includes an amount of £83,349 due by the holding company Windmill (Holdings) Limited.

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	41,852	34,256
Corporation tax	62,316	58,920
Social security and other taxes	44,319	34,710
Other creditors	16,224	17,810
	---------	---------
	164,711	145,696
	---------	---------

9. Directors' advances, credits and guarantees

Creditors includes £nil (2023 : £nil) of loans by the directors to the company.

10. Controlling party

The company is a wholly owned subsidiary of Windmill (Holdings) Limited, whose registered office address is Denmore Place, Bridge of Don, Aberdeen AB23 8JS.