Smallprint (Franchising) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05787473

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		-		2,149

			-		2,149
CURRENT ASSETS
Debtors	6	154		12,248

		154		12,248
Creditors: Amounts Falling Due Within One Year	7	(316,089 )		(310,842 )

NET CURRENT ASSETS (LIABILITIES)			(315,935 )		(298,594 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(315,935 )		(296,445 )

Creditors: Amounts Falling Due After More Than One Year	8		(19,826 )		(24,655 )

NET LIABILITIES			(335,761 )		(321,100 )

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			(336,761 )		(322,100 )

SHAREHOLDERS' FUNDS			(335,761)		(321,100)

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Smallprint (Franchising) 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 O Pykett

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Smallprint (Franchising) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05787473 . The registered office is 9 Bank Road, Kingswood, Bristol, BS15 8LS .

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. Going Concern Disclosure

The directors have chosen to cease trading during the year. The company ceased trading with immediate effect and therefore the financial statements have been prepared under the ‘break-up’ basis. Fixed assets have been restated to recoverable amount on the grounds that the company is no longer trading and are available for sale in their current condition and current assets have been stated at recoverable amounts. Creditors falling due after more than one year have been reclassified as current liabilities. The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on that basis.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is intellectual property. It is amortised to the profit and loss account over its estimated economic life of 10 years.

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Smallprint (Franchising) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. 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:

Fixtures & Fittings	10% straight line
Computer Equipment	25% straight line

3. Average Number of Employees

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

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	150,000

As at 31 December 2024	150,000

Amortisation
As at 1 January 2024	150,000

As at 31 December 2024	150,000

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	4,600	21,029	25,629
Disposals	(4,600 )	(21,029 )	(25,629 )

As at 31 December 2024	-	-	-

Depreciation
As at 1 January 2024	2,978	20,502	23,480
Disposals	(2,978 )	(20,502 )	(23,480 )

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	1,622	527	2,149

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Smallprint (Franchising) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	11,373
Other debtors	154	875

	154	12,248

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,551	2,768
Bank loans and overdrafts	34,000	30,771
Other creditors	275,244	268,328
Taxation and social security	3,294	8,975

	316,089	310,842

Included within Creditors is a bank overdraft totalling £29,999 (2023 - £29,971) which is secured by way of a fixed and floating charge over the undertaking and all property and assets present and future.

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

	2024	2023
	£	£
Bank loans	19,826	24,655

9. Secured Creditors

At the year end, the company had commitments under non-cancellable operating leases of £10,555 (2023: £14,513),

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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