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REGISTERED NUMBER: 01402909 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

HECKFORD PRINTERS LIMITED

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Contents of the Financial Statements

for the Year Ended 31st March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

HECKFORD PRINTERS LIMITED

Company Information

for the Year Ended 31st March 2025

| DIRECTORS: | Mr S R Scurr

| Mrs P A Scurr

| Mr M Scurr

| SECRETARY: | Mr R E Holcroft

| REGISTERED OFFICE: | 6 St Marks Place East

| Preston

| Lancashire

| PR1 8TN

| REGISTERED NUMBER: | 01402909 (England and Wales)

| ACCOUNTANTS: | BK Plus - Chorley

| Chartered Certified Accountants

| 41 St Thomas's Road

| Chorley

| Lancashire

| PR7 1JE

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Balance Sheet

31st March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 1,350,514 |  | 1,405,841 |  |

Investment property | 6 | 175,000 |  | 175,000 |  |

1,525,514 |  | 1,580,841 |  |

CURRENT ASSETS

Stocks | 7 | 80,004 |  | 73,828 |  |

Debtors | 8 | 454,664 |  | 367,418 |  |

Investments | 9 | 379,725 |  | 377,508 |  |

Cash at bank and in hand | 570,231 |  | 650,618 |  |

1,484,624 |  | 1,469,372 |  |

CREDITORS

Amounts falling due within one year | 10 | 397,371 |  | 287,886 |  |

NET CURRENT ASSETS | 1,087,253 |  | 1,181,486 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,612,767 |  | 2,762,327 |  |

CREDITORS

Amounts falling due after more than one year | 11 | (32,725 | ) | - |  |

PROVISIONS FOR LIABILITIES | - |  | (18,614 | ) |

NET ASSETS | 2,580,042 |  | 2,743,713 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 2,570,042 |  | 2,733,713 |  |

SHAREHOLDERS' FUNDS | 2,580,042 |  | 2,743,713 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Balance Sheet - continued

31st March 2025

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 19th October 2025 and were signed on its behalf by:

Mr S R Scurr - Director

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements

for the Year Ended 31st March 2025

1. | STATUTORY INFORMATION

| Heckford Printers 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 represents the value of goods and services, excluding value added tax, provided to customers during the year.

| Sale of goods and services:

| Revenue from the sale of goods and services is recognised when the following conditions are satisfied:

| - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods and associated services;

| - 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.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | NIL

| Long leasehold improvements | - | Over the period of the lease

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic Financial assets

| Basic financial assets, which include debtors, loans to common controlled companies and cash and bank balances, are initially measured at transaction price including transaction costs. They are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Other financial assets

| All the company's financial assets fall to be classified as basic financial assets under Section 11 of FRS 102 and the company therefore holds no other financial assets.

| Basic financial liabilities

| Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| All the companies financial liabilities fall to be classified as basic financial liabilities under Section 11 of FRS 102 and the company therefore has no other financial instruments.

| 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 balance sheet date.

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

2. | ACCOUNTING POLICIES - continued

| 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 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

| Listed investments

| In accordance with the Financial Reporting Standards 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the use of fair value for investments in shares which are publicly traded or where the fair value can be measured reliably is required. Movements in fair value are recognised in the Trading profit & Loss Account.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 33 ) .

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 5,000 |  |

| AMORTISATION

| At 1st April 2024

| and 31st March 2025 | 5,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | - |  |

| At 31st March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Long |

| Freehold |  | leasehold |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1st April 2024 | 900,000 |  | 52,656 |  | 846,940 |  |

| Additions | - |  | - |  | 6,422 |  |

| Disposals | - |  | - |  | (41,566 | ) |

| At 31st March 2025 | 900,000 |  | 52,656 |  | 811,796 |  |

| DEPRECIATION

| At 1st April 2024 | - |  | 13,264 |  | 416,019 |  |

| Charge for year | - |  | 7,879 |  | 84,784 |  |

| Eliminated on disposal | - |  | - |  | (31,117 | ) |

| At 31st March 2025 | - |  | 21,143 |  | 469,686 |  |

| NET BOOK VALUE

| At 31st March 2025 | 900,000 |  | 31,513 |  | 342,110 |  |

| At 31st March 2024 | 900,000 |  | 39,392 |  | 430,921 |  |

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1st April 2024 | 101,837 |  | 69,148 |  | 1,970,581 |  |

| Additions | - |  | 59,293 |  | 65,715 |  |

| Disposals | - |  | - |  | (41,566 | ) |

| At 31st March 2025 | 101,837 |  | 128,441 |  | 1,994,730 |  |

| DEPRECIATION

| At 1st April 2024 | 93,620 |  | 41,837 |  | 564,740 |  |

| Charge for year | 1,643 |  | 16,287 |  | 110,593 |  |

| Eliminated on disposal | - |  | - |  | (31,117 | ) |

| At 31st March 2025 | 95,263 |  | 58,124 |  | 644,216 |  |

| NET BOOK VALUE

| At 31st March 2025 | 6,574 |  | 70,317 |  | 1,350,514 |  |

| At 31st March 2024 | 8,217 |  | 27,311 |  | 1,405,841 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 160,000 (2024 - £ 160,000 ) which is not depreciated.

| Cost or valuation at 31st March 2025 is represented by:

| Long |

| Freehold |  | leasehold |  | Plant and

| property |  | improvements |  | machinery

£ | £ | £ |

| Valuation in 2016 | 50,000 |  | - |  | - |  |

| Valuation in 2018 | (140,840 | ) | - |  | - |  |

| Valuation in 2019 | 15,000 |  | - |  | - |  |

| Cost | 975,840 |  | 52,656 |  | 811,796 |  |

900,000 |  | 52,656 |  | 811,796 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| Valuation in 2016 | - |  | - |  | 50,000 |  |

| Valuation in 2018 | - |  | - |  | (140,840 | ) |

| Valuation in 2019 | - |  | - |  | 15,000 |  |

| Cost | 101,837 |  | 128,441 |  | 2,070,570 |  |

101,837 |  | 128,441 |  | 1,994,730 |  |

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Under the Financial Reporting Standard 102 Section 1A, a cost model policy has been adopted and so the properties are valued at deemed cost and are subject to regular impairment reviews. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair values are included in the Statement of Income in the period in which they arise.

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST OR VALUATION

| Additions | 39,795 |  |

| At 31st March 2025 | 39,795 |  |

| DEPRECIATION

| Charge for year | 5,803 |  |

| At 31st March 2025 | 5,803 |  |

| NET BOOK VALUE

| At 31st March 2025 | 33,992 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st April 2024

| and 31st March 2025 | 175,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | 175,000 |  |

| At 31st March 2024 | 175,000 |  |

7. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Raw materials and consumables | 55,816 |  | 46,073 |  |

| Work-in-progress | 24,188 |  | 27,755 |  |

80,004 |  | 73,828 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 438,257 |  | 356,835 |  |

| Directors' current accounts | - |  | 1,719 |  |

| Prepayments and accrued income | 16,407 |  | 8,864 |  |

454,664 |  | 367,418 |  |

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

9. | CURRENT ASSET INVESTMENTS

| 31.3.25 |  | 31.3.24

£ | £ |

| Listed investments | 379,725 |  | 377,508 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts (see note 12) | 4,380 |  | - |  |

| Trade creditors | 128,847 |  | 137,245 |  |

| Social security and other taxes | 69,252 |  | 74,278 |  |

| Directors' current accounts | 1,238 |  | 1,509 |  |

| Accruals and deferred income | 193,654 |  | 74,854 |  |

397,371 |  | 287,886 |  |

11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts (see note 12) | 32,725 |  | - |  |

12. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31.3.25 |  | 31.3.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 4,380 |  | - |  |

| Between one and five years | 32,725 |  | - |  |

37,105 |  | - |  |

| Non-cancellable |

| operating leases |

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 37,820 |  | 43,469 |  |

| Between one and five years | 108,000 |  | 145,820 |  |

| In more than five years | 36,000 |  | 72,000 |  |

181,820 |  | 261,289 |  |

HECKFORD PRINTERS LIMITED (REGISTERED NUMBER: 01402909)

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

13. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 37,105 |  | - |  |

| Balances due under hire purchase contracts are secured against the assets to which they relate.

14. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the directors were owed £1,238 from the company (2024: £210 owed to the company). There is no interest charged on this loan and it is repayable on demand.

15. | CONTROLLING PARTY

| Throughout the current and previous year, Mr & Mrs S Scurr, have controlled the company by virtue of their majority shareholding in the company.