Print Copy Scan Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07185590 (England and Wales)

Unaudited Financial Statements

for the Period

1 April 2024 to 31 December 2024

for

Print Copy Scan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L Matthewson

R Oakley

B Piercewright

REGISTERED OFFICE:

Attadale House

Lingfield Way

Darlington

DL1 4GD

REGISTERED NUMBER:

07185590 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

-

290

Tangible assets

5

-

238,852

Investments

6

-

735

-

239,877

CURRENT ASSETS

Stocks

7

-

74,280

Debtors

8

10

360,025

Cash at bank

-

107,941

10

542,246

CREDITORS

Amounts falling due within one year

9

-

(394,290

)

NET CURRENT ASSETS

10

147,956

TOTAL ASSETS LESS CURRENT
LIABILITIES

10

387,833

CREDITORS

Amounts falling due after more than one
year

10

-

(135,742

)

PROVISIONS FOR LIABILITIES

-

(8,264

)

NET ASSETS

10

243,827

CAPITAL AND RESERVES

Called up share capital

12

10

Revaluation reserve

13

-

27,094

Retained earnings

-

216,723

SHAREHOLDERS' FUNDS

10

243,827

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

The members have not required the company to obtain an audit of its financial statements for the period 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 30 June 2025 and were signed on its behalf by:

C L Matthewson - Director

1.	STATUTORY INFORMATION

Print Copy Scan Limited 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.

During the year, the company was aquired by Anglotech Group Limited and the trade and assets have been hived up. Therefore, the business is no longer trading.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the purchase of a new customer base in 2017 was fully amortised in the year of acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 period 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 period 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.

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 period was 7 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

COST

At 1 April 2024

1,250

7,285

8,535

Disposals

(1,250

)

(7,285

)

(8,535

)

At 31 December 2024

-

AMORTISATION

At 1 April 2024

1,250

6,995

8,245

Amortisation for period

-

531

Eliminated on disposal

(1,250

)

(7,526

)

(8,776

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

-

290

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

180,000

16,377

21,020

Disposals

(180,000

)

(16,377

)

(21,020

)

At 31 December 2024

-

DEPRECIATION

At 1 April 2024

-

11,945

13,092

Charge for period

-

504

541

Eliminated on disposal

-

(12,449

)

(13,633

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

180,000

4,432

7,928

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

126,839

25,648

369,884

Disposals

(126,839

)

(25,648

)

(369,884

)

At 31 December 2024

-

DEPRECIATION

At 1 April 2024

82,946

23,049

131,032

Charge for period

4,491

3,849

9,385

Eliminated on disposal

(87,437

)

(26,898

)

(140,417

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 March 2024

43,893

2,599

238,852

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

£

Unlisted investments

-

735

7.

STOCKS

2024

£

Stocks

-

74,280

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

£

Trade debtors

-

163,512

Amounts owed by group undertakings

10

107,174

Other debtors

-

492

Directors' current accounts

-

86,007

Prepayments and accrued income

-

2,840

10

360,025

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

£

Bank loans and overdrafts

-

142,748

HP < 1 year

-

4,781

Trade creditors

-

145,786

Corporation tax

-

45,481

Taxation and social security

-

5,909

VAT

-

41,879

Other creditors

-

66

Accruals and deferred income

-

7,640

-

394,290

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

£

Bank loans - 1-2 years

-

68,024

Mortgages 1-2 years

-

14,045

Mortgage 2-5 years

-

21,067

Mortgage > 5 years

-

23,255

HP 1-5 years

-

9,351

-

135,742

Amounts falling due in more than five years:

Repayable by instalments

Mortgage > 5 years

-

23,255

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

£

-

269,139

-

14,132

-

283,271

Bank loans were secured against the fixed assets of the company.

Hire purchase obligations were secured against the assets to which they relate.

In addition, the Ultimate parent company, Anglotech Group Holdings Limited, entered into further bank loans with TC Loans Limited during the period. These loans sit within Anglotech Group Holdings Limited and are secured by a fixed and floating charge against assets of the company and its subsidiaries, including Print Copy Scan Limited.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

value:

£

10

Ordinary

£1

10

13.

RESERVES

Revaluation

reserve

£

At 1 April 2024

27,094

Release on sale of property

(27,094

)

At 31 December 2024

-

14.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Anglotech Group Limited. The parent company registered office is Attadale House, Lingfield Way, Darlington, England, DL1 4GD.

15.	PRIOR YEAR ADJUSTMENT

A prior year adjustment was made to reduce stock by £186,306 to align with group policy.