Print This Print That Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06966181

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FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

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FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

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OFFICERS AND PROFESSIONAL ADVISERS

Director	G S Drake

Registered office	71-75 Shelton Street
	Covent Garden
	London
	England
	WC2H 9JQ

Accountants	STREETS LLP
	Chartered Accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

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STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	5	500	500
Tangible assets	6	53	338
Investments	7	120,059	120,059
		----------	----------
		120,612	120,897

Current assets

Debtors	8	60,234	61,166
Cash at bank and in hand		337,605	242,692
		----------	----------
		397,839	303,858

Creditors: amounts falling due within one year	9	261,319		188,211
		----------		----------
Net current assets			136,520	115,647
			----------	----------
Total assets less current liabilities			257,132	236,544

Provisions

Taxation including deferred tax	14	80
	----------	----------
Net assets	257,118	236,464
	----------	----------

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STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	200	200
Profit and loss account	256,918	236,264
	----------	----------
Shareholder funds	257,118	236,464
	----------	----------

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his 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 19 February 2025 , and are signed on behalf of the board by:

G S Drake
Director

Company registration number: 06966181

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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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.

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 and are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and 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:

	Website and software	-	25% straight line

No amortisation is charged on trademarks.

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.

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:

	IT and office equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

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. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

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

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Intangible assets

	Trademark
	£
Cost
At 1 January 2024 and 31 December 2024	500
	----
Amortisation
At 1 January 2024 and 31 December 2024	–
	----
Carrying amount
At 31 December 2024	500
	----
At 31 December 2023	500
	----

6. Tangible assets

	IT and office equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	3,009	3,009
	-------	-------
Depreciation
At 1 January 2024	2,671	2,671
Charge for the year	285	285
	-------	-------
At 31 December 2024	2,956	2,956
	-------	-------
Carrying amount
At 31 December 2024	53	53
	-------	-------
At 31 December 2023	338	338
	-------	-------

7. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	20,059	100,000	120,059
	---------	----------	----------
Impairment
At 1 January 2024 and 31 December 2024	–	–	–
	---------	----------	----------

Carrying amount
At 31 December 2024	20,059	100,000	120,059
	---------	----------	----------
At 31 December 2023	20,059	100,000	120,059
	---------	----------	----------

8. Debtors

	2024	2023
	£	£
Trade debtors	54,159	54,497
Other debtors	6,075	6,669
	---------	---------
	60,234	61,166
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	35,159	30,658
Corporation tax	43,643	87,735
Social security and other taxes	5,874	6,391
Other creditors	176,643	63,427
	----------	----------
	261,319	188,211
	----------	----------

10. Related party transactions

During the period staff costs and other operational costs were recharged from a Spanish company that is also controlled by G S Drake , the managing director and sole shareholder. All transactions were undertaken on an arms length basis and no amounts were due to or from related parties at the year end. During the period management charges were recharged from a Cypriot company that is also controlled by G S Drake , the managing director and sole shareholder. All transactions were undertaken on an arms length basis and no amounts were due to or from related parties at the year end. No other transactions with related parties subsisted during the year, such as are required to be disclosed under FRS102.

11. Controlling party

The company was under the control of G S Drake throughout the current and previous year.