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# G P S PRINTWORKS HOLDINGS LIMITED

## Company Registration Number:
03928841 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 01 April 2024

## End date: 31 March 2025

# G P S PRINTWORKS HOLDINGS LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3 |
Balance sheet - 4 |
Additional notes - 6 |
Balance sheet notes - 10 |

# G P S PRINTWORKS HOLDINGS LIMITED

## Company Information

for the Period Ended 31 March 2025

Director: |  | Kevin Fletcher
Secretary: |  | Lea Fletcher
Registered office: |  | 51 Rodbourne Close Everton Lymington England SO41 0LW
Company Registration Number: |  | 03928841 (England and Wales)

# G P S PRINTWORKS HOLDINGS LIMITED

## Balance sheet

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 4 | 499 | 163
Total fixed assets: |  | 499 | 163
Current assets
Debtors: | 5 | 823 | 3,528
Cash at bank and in hand: |  | 21,119 | 23,393
Total current assets: |  | 21,942 | 26,921
Creditors: amounts falling due within one year: | 6 | ( 37,390 ) | ( 41,597 )
Net current assets (liabilities): |  | ( 15,448 ) | ( 14,676 )
Total assets less current liabilities: |  | ( 14,949 ) | ( 14,513 )
Provision for liabilities: |  |  | ( 31 )
Total net assets (liabilities): |  | ( 14,949 ) | ( 14,544 )

The notes form part of these financial statements

# G P S PRINTWORKS HOLDINGS LIMITED

## Balance sheet continued

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | ( 15,049 ) | ( 14,644 )
Shareholders funds: |  | ( 14,949 ) | ( 14,544 )

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 18 November 2025
And Signed On Behalf Of The Board By:

Name: Kevin Fletcher
Status: Director

The notes form part of these financial statements

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
  When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
  Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
  Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies (continued)

  Tangible fixed assets depreciation policy

  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:
  Land and buildings Leasehold - equal annual instalments over the term of the lease
  Plant and machinery - 20% straight line basis for the first four years, then 1% straight line for the remainder of the life of the asset
  Fixtures, fittings & equipment - straight line over 3 years
  Computer equipment - straight line over 3 years
  Motor vehicles - 25% straight line basis
  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.
  Impairment of fixed assets
  At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.
  Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
  If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
  Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

  Valuation information and policy

  Inventory
  Inventory is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventory to its present location and condition.
  Inventory held for distribution at no or nominal consideration is measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
  At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventory over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 3. Off balance sheet disclosure

  No

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Tangible assets

| Office equipment | Total
--- | --- | ---
Cost | £ | £
At 01 April 2024 | 1,671 | 1,671
Additions | 499 | 499
Disposals | - | -
Revaluations | - | -
Transfers | - | -
At 31 March 2025 | 2,170 | 2,170
Depreciation |  |
At 01 April 2024 | 1,508 | 1,508
Charge for year | 163 | 163
On disposals | - | -
Other adjustments | - | -
At 31 March 2025 | 1,671 | 1,671
Net book value |  |
At 31 March 2025 | 499 | 499
At 31 March 2024 | 163 | 163

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Debtors

| 2025 £ | 2024 £
--- | --- | ---
Trade debtors | 680 | 3,528
Other debtors | 143 |
Total | 823 | 3,528

# G P S PRINTWORKS HOLDINGS LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6.Creditors: amounts falling due within one year note

| 2025 £ | 2024 £
--- | --- | ---
Trade creditors | 4,962 | 7,852
Taxation and social security | 1,429 | 2,746
Other creditors | 30,999 | 30,999
Total | 37,390 | 41,597