REGISTERED NUMBER: 02268022 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MIKE CLARKE PRINTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Clarke

D M Clarke

SECRETARY:

REGISTERED OFFICE:

Unit 9

Trostre Road Industrial Park,

Llanelli

Carmarthenshire

SA14 9UU

REGISTERED NUMBER:

02268022 (England and Wales)

ACCOUNTANTS:

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

FIXED ASSETS

Tangible assets

4

112,719

132,096

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

51,600

76,046

Cash at bank and in hand

2,559

20,859

56,159

98,905

CREDITORS

Amounts falling due within one year

6

56,228

52,652

NET CURRENT (LIABILITIES)/ASSETS

(69

)

46,253

TOTAL ASSETS LESS CURRENT LIABILITIES

112,650

178,349

CREDITORS

Amounts falling due after more than one year

7

137,233

177,094

NET (LIABILITIES)/ASSETS

(24,583

)

1,255

RESERVES

Retained earnings

8

(24,583

)

1,255

(24,583

)

1,255

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by:

J W Clarke - Director

1.	STATUTORY INFORMATION

Mike Clarke Printing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks 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 Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

257,762

52,743

6,266

316,771

Additions

10,000

-

844

10,844

At 31 December 2024

267,762

52,743

7,110

327,615

DEPRECIATION

At 1 January 2024

159,337

20,076

5,262

184,675

Charge for year

21,685

8,167

369

30,221

At 31 December 2024

181,022

28,243

5,631

214,896

NET BOOK VALUE

At 31 December 2024

86,740

24,500

1,479

112,719

At 31 December 2023

98,425

32,667

1,004

132,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

22,690

31,165

Other debtors

28,910

36,910

Directors' loan accounts

-

7,971

51,600

76,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,864

-

Trade creditors

6,592

24,762

Tax

22,564

17,748

Social security and other taxes

3,557

1,629

VAT

3,673

2,334

Directors' loan accounts

1,094

1,196

Accrued expenses

4,884

4,983

56,228

52,652

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Development Bank of Wales

4,500

7,500

Bank loans - 2-5 years

47,920

56,857

Bounce Back Loan

29,000

35,000

Other loans - 2-5 years

-

4,000

Hire purchase contracts

55,813

73,737

137,233

177,094

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

29,000

35,000

8.

RESERVES

Retained

earnings

£

At 1 January 2024

1,255

Profit for the year

35,662

Dividends

(61,500

)

At 31 December 2024

(24,583

)