REGISTERED NUMBER: 08235742 (England and Wales)

Financial Statements

For The Year Ended 31 March 2025

for

Visual Print and Design Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Hunstone

REGISTERED OFFICE:

Unit 14

Sadler Court

Stirling Point

LINCOLN

Lincolnshire

LN6 3RG

REGISTERED NUMBER:

08235742 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Santander

Bridle Road

BOOTLE

Merseyside

L30 4GB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,543

305,713

11,543

305,713

CURRENT ASSETS

Stocks

3,650

6,245

Debtors

6

188,686

205,050

Cash at bank and in hand

117,366

18,662

309,702

229,957

CREDITORS

Amounts falling due within one year

7

242,358

247,239

NET CURRENT ASSETS/(LIABILITIES)

67,344

(17,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,887

288,431

CREDITORS

Amounts falling due after more than one year

8

44,315

174,157

NET ASSETS

34,572

114,274

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

-

120,995

Retained earnings

34,571

(6,722

)

SHAREHOLDERS' FUNDS

34,572

114,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

Mr G Hunstone - Director

1.	STATUTORY INFORMATION

Visual Print and Design 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 as modified by the revaluation of certain assets.

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 acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

The Director assesses the value of the freehold property on an annual basis and it does not give rise to any impairment, therefore a rate of Nil for depreciation is appropriate.

The freehold property is measured using the revaluation model and included at fair value at the date of each revaluation, less any subsequent impairment losses.

Stocks

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

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 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

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

Assets obtained under hire purchase contracts and finance lease are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in 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 constant periodic rates of charge on the net obligations outstanding in each period.

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.

Debtors

The company assigns its trade debts to a factor and receives payments from the factor in respect of the assigned debts but retains all significant risks. Trade debtors and amounts received from the factor are separately disclosed in debtors and creditors respectively. All interest and factoring costs are charged to income as they accrue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 April 2024

275,000

135,592

14,444

Disposals

(275,000

)

-

-

At 31 March 2025

-

135,592

14,444

DEPRECIATION

At 1 April 2024

-

121,239

13,535

Charge for year

-

3,588

227

Eliminated on disposal

-

-

-

At 31 March 2025

-

124,827

13,762

NET BOOK VALUE

At 31 March 2025

-

10,765

682

At 31 March 2024

275,000

14,353

909

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

22,543

4,261

451,840

Disposals

(22,543

)

(832

)

(298,375

)

At 31 March 2025

-

3,429

153,465

DEPRECIATION

At 1 April 2024

8,115

3,238

146,127

Charge for year

-

-

3,815

Eliminated on disposal

(8,115

)

95

(8,020

)

At 31 March 2025

-

3,333

141,922

NET BOOK VALUE

At 31 March 2025

-

96

11,543

At 31 March 2024

14,428

1,023

305,713

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2015

30,000

-

-

-

30,000

Valuation in 2016

27,340

-

-

-

27,340

Valuation in 2019

55,000

-

-

-

55,000

Valuation in 2022

30,000

-

-

-

30,000

Valuation in 2025

(142,340

)

-

-

-

(142,340

)

Cost

-

135,592

14,444

3,429

153,465

-

135,592

14,444

3,429

153,465

Freehold land and buildings were valued on an open market value basis on 31 March 2022 by an independent valuer .

The property was sold during the year to 31 March 2025.

In the Director's opinion, the valuation as at 31st March 2024 is not materially different to the professional valuation based on the open market value as at 31st March 2022.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,801

121,801

Other debtors

6,259

250

Directors' loan accounts

67,949

65,669

Tax

17,267

16,497

Prepayments and accrued income

410

833

188,686

205,050

Included in trade debtors are factored debts amounting to £121,801 (2023 - £126,216.)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,534

12,295

Trade creditors

127,012

166,500

Amounts owed to associates

3,363

10,060

Tax

23,603

501

Social security and other taxes

3,265

4,054

NEST pension liability

681

853

VAT

11,861

13,235

Other creditors

59,539

38,241

Accruals and deferred income

1,500

1,500

242,358

247,239

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

11,895

12,443

Bank loans - 2-5 years

32,420

161,714

44,315

174,157

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

55,849

186,452

The hire purchase liabilities are secured against the asset to which the loan relates.

The bank loans consist of £NIL (2024: £147,560) relating to a secured bank loan and £55,849 (2024: £38,892) relating to BounceBack Loan.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr G Hunstone

Balance outstanding at start of year

65,669

64,184

Amounts advanced

2,388

1,485

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,057

65,669

The above loan is unsecured and repayable on demand. Interest on this balance has been charged in accordance with the HMRC beneficial loan interest rate.

11.	POST BALANCE SHEET EVENTS

The rises in interest rates and general inflation will have a material impact on the economy. The Director has considered the impact of this on the company's debts and trading costs and are still of the opinion that the company will operate as a Going concern.