The New Ink Printing Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05982967

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		133,509		139,724

			133,509		139,724
CURRENT ASSETS
Stocks	5	10,000		12,000
Debtors	6	93,245		106,860
Cash at bank and in hand		30,580		20,836

		133,825		139,696
Creditors: Amounts Falling Due Within One Year	7	(232,731 )		(199,574 )

NET CURRENT ASSETS (LIABILITIES)			(98,906 )		(59,878 )

TOTAL ASSETS LESS CURRENT LIABILITIES			34,603		79,846

Creditors: Amounts Falling Due After More Than One Year	8		(21,405 )		(60,673 )

NET ASSETS			13,198		19,173

CAPITAL AND RESERVES
Called up share capital	11		120		120
Profit and Loss Account			13,078		19,053

SHAREHOLDERS' FUNDS			13,198		19,173

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The New Ink Printing Company Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S E Morfield Director	Mr A Ballam Director
15 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The New Ink Printing Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05982967 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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The New Ink Printing Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	359,375	1,181	38,076	398,632
Additions	9,995	-	-	9,995

As at 31 December 2024	369,370	1,181	38,076	408,627

Depreciation
As at 1 January 2024	227,893	1,145	29,870	258,908
Provided during the period	14,149	9	2,052	16,210

As at 31 December 2024	242,042	1,154	31,922	275,118

Net Book Value
As at 31 December 2024	127,328	27	6,154	133,509

As at 1 January 2024	131,482	36	8,206	139,724

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The New Ink Printing Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock	10,000	10,000
Work in progress	-	2,000

	10,000	12,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	77,378	90,856
Other debtors	15,867	16,004

	93,245	106,860

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	28,100	24,785
Trade creditors	58,937	67,446
Bank loans and overdrafts	74,868	47,827
Other creditors	39,531	38,815
Taxation and social security	31,295	20,701

	232,731	199,574

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	15,762	35,246
Bank loans	5,643	25,427

	21,405	60,673

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The New Ink Printing Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	17,930	22,845

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	5,643	25,427

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	28,100	24,785
Later than one year and not later than five years	15,762	35,246

	43,862	60,031

	43,862	60,031

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	120	120

12. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge

represents contributions payable by the Company to the fund and amounted to £2,354 (2023 - £2,016).

At the balance sheet date unpaid contributions of NIL (2023 - £173) were due to the fund and are included in other creditors.

13. Directors Advances, Credits and Guarantees

Included in other creditors due within one year is a loan from the director, A Ballam amounting to £20; 2023 - (£136).

Included in other creditors due within one year is a loan from the director, S Morfield amounting to £99; 2023 - (£375).

14. Controlling Parties

The company was controlled throughout the current and previous period by its directors, A Ballam and S

Morfield, by virtue of the fact that between them they own all of the company's ordinary issued share

capital.

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