Charisma Design & Print Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02549110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARISMA DESIGN & PRINT LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

RR Gilliland

A Gilliland

J A Gilliland

SECRETARY:

A Gilliland

REGISTERED OFFICE:

Unit 10 Atlas Trading Estate

Colebrook Road

BIRMINGHAM

West Midlands

B11 2NT

REGISTERED NUMBER:

02549110 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

64,495

64,719

CURRENT ASSETS

Inventories

32,929

25,935

Debtors

5

134,418

114,705

Cash at bank and in hand

17,082

299

184,429

140,939

CREDITORS

Amounts falling due within one year

6

244,394

234,585

NET CURRENT LIABILITIES

(59,965

)

(93,646

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,530

(28,927

)

CREDITORS

Amounts falling due after more than one
year

7

(31,186

)

(54,326

)

PROVISIONS FOR LIABILITIES

(16,124

)

(16,180

)

NET LIABILITIES

(42,780

)

(99,433

)

CAPITAL AND RESERVES

Called up share capital

21,000

Retained earnings

(63,780

)

(120,433

)

SHAREHOLDERS' FUNDS

(42,780

)

(99,433

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

RR Gilliland - Director

1.	STATUTORY INFORMATION

Charisma Design & Print Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 15 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

Cost

At 1 January 2024

785,733

34,995

820,728

Additions

10,443

5,458

15,901

At 31 December 2024

796,176

40,453

836,629

Depreciation

At 1 January 2024

726,686

29,323

756,009

Charge for year

13,899

2,226

16,125

At 31 December 2024

740,585

31,549

772,134

Net book value

At 31 December 2024

55,591

8,904

64,495

At 31 December 2023

59,047

5,672

64,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

96,845

76,310

Other debtors

37,573

38,395

134,418

114,705

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

23,215

21,368

Trade creditors

73,311

74,776

Taxation and social security

47,546

53,106

Other creditors

100,322

85,335

244,394

234,585

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

31,186

54,326

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

31,437

28,941

9.	RELATED PARTY DISCLOSURES

During the year, rent in the sum of £31,437 (2023: £28,941) was paid to the directors. At the year end the balance outstanding was £nil (2023: £nil)

Included in other creditors: amounts falling due within one year, is a directors loan accounts in the sum of £23,560 (2023: £43,560) due to Mr RR Gilliland. The loan is unsecured, interest free and carries no fixed date of repayment.

Included within the other debtors: amounts falling due within one year, is a directors loan account in the sum of £26,978 (2023: £21,003) which has been provided to Mr A Gilliland. The loan is unsecured, accrues interest at HM Revenue and Customs ("HMRC") office rate and carries no fixed date of repayment.