Company registration number 01403217 (England and Wales)
STURDY PRINT & DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
STURDY PRINT & DESIGN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
STURDY PRINT & DESIGN LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,202,799
2,837,359
Current assets
Stocks
294,280
277,353
Debtors
4
2,359,464
2,090,981
Cash at bank and in hand
748,222
512,702
3,401,966
2,881,036
Creditors: amounts falling due within one year
5
(1,363,079)
(868,711)
Net current assets
2,038,887
2,012,325
Total assets less current liabilities
5,241,686
4,849,684
Creditors: amounts falling due after more than one year
6
(965,701)
(999,496)
Provisions for liabilities
(570,614)
(471,969)
Net assets
3,705,371
3,378,219
Capital and reserves
Called up share capital
30
30
Revaluation reserve
310,112
310,112
Capital redemption reserve
367,590
367,590
Other reserves
58,560
58,560
Profit and loss reserves
2,969,079
2,641,927
Total equity
3,705,371
3,378,219
STURDY PRINT & DESIGN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
Mr Simon Sturdy
Director
Company registration number 01403217 (England and Wales)
STURDY PRINT & DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Sturdy Print & Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is 15 Selby Place, Stanley Industrial Estate, Skelmersdale, Lancs, United Kingdom, WN8 8EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures and fittings
15% and 25% reducing balance
Motor vehicles
25% straight line

Freehold land is not depreciated. Freehold buildings are not depreciated where the directors are of the opinion that the buildings are sufficiently well maintained to ensure that the residual values of such properties, which are appraised on the basis of prices prevailing at the times of acquisition or subsequent valuation, are not less than the carrying values and accordingly annual depreciation would not be material to the financial statements. Carrying values are reviewed for impairment annually.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STURDY PRINT & DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods are calculated at selling price and reduced by appropriate margins to the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

STURDY PRINT & DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
32
30
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 June 2024
979,350
3,334,321
4,313,671
Additions
-
0
657,780
657,780
At 31 May 2025
979,350
3,992,101
4,971,451
Depreciation and impairment
At 1 June 2024
-
0
1,476,312
1,476,312
Depreciation charged in the year
-
0
292,340
292,340
At 31 May 2025
-
0
1,768,652
1,768,652
Carrying amount
At 31 May 2025
979,350
2,223,449
3,202,799
At 31 May 2024
979,350
1,858,009
2,837,359

If the freehold property were sold at its revalued amount, a potential tax charge not exceeding £48,300 would arise based on enacted tax rates in place when the potential sale may arise. No tax charge is expected on he leasehold property held as an investment due to the availability of indexation allowance to reduce the potential gain to nil.

The directors consider that the value of the company's freehold properties at 31 May 2025 was not significantly different from their revalued amount.

The directors consider that the value of the company's long leasehold investment property at 31 May 2025 was not significantly different from cost.

STURDY PRINT & DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
3
Tangible fixed assets
(Continued)
- 6 -

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Freehold Property
Leasehold Property
2025
2024
2025
2024
£
£
£
£
Cost
252,241
252,241
271,440
271,440
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,060,954
917,446
Amounts owed by group undertakings
977,717
859,647
Other debtors
320,793
313,888
2,359,464
2,090,981
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
50,640
40,530
Trade creditors
727,427
415,428
Corporation tax
106,276
41,495
Other taxation and social security
182,462
144,679
Other creditors
296,274
226,579
1,363,079
868,711

Creditors include bank loans of £50,640 ( 2024 - £40,530 ) and net obligations under finance lease and hire purchase contracts of £271,726( 2024 - £202,927 ) which are secured.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
313,461
374,211
Other creditors
652,240
625,285
965,701
999,496
STURDY PRINT & DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
6
Creditors: amounts falling due after more than one year
(Continued)
- 7 -

Creditors include bank loans of £313,461 ( 2024 - £374,211 ) and net obligations under finance lease and hire purchase contracts of £652,240 ( 2024 - £625,252 ) which are secured.

Creditors include bank loans repayable by instalments of £153,977 ( 2024 - £212,091 ) due after more than five years.

7
Financial commitments, guaratees and contingencies

The total amount of financial commitments not included in the balance sheet is £130,914 ( 2024 - £117,671 ). These relate to non cancellable operating leases.

8
Directors' transactions
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr Simon Sturdy - Loan
50,726
169,000
(152,000)
67,726
Mr Stewart Sturdy - Loan
45,954
148,000
(134,000)
59,954
96,680
317,000
(286,000)
127,680
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