Bishops Printing Limited - Filleted accounts

Registered number

04485802

Bishops Printing Limited

Unaudited Filleted Accounts

30 September 2025

Bishops Printing Limited
Registered number:		04485802
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		34,838			42,062

Current assets
Stocks		4,047			3,572
Debtors	5	51,968			44,642
Cash at bank and in hand		2,177			6,885
		58,192			55,099

Creditors: amounts falling due within one year	6	(14,041)			(22,892)

Net current assets			44,151			32,207

Total assets less current liabilities			78,989			74,269


Provisions for liabilities			(1,394)			(2,139)


Net assets			77,595			72,130

Capital and reserves
Called up share capital			100			100
Profit and loss account			77,495			72,030

Shareholders' funds			77,595			72,130

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr S Evans
Director
Approved by the board on 18 November 2025

Bishops Printing Limited
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Grant income
	Grants are accounted for under the accruals model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			4% straight line
	Plant and machinery			over 5 years
	Motor vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Research and devlopment tax relief
	The Company accounts for research and development tax relief in the year in which the monies are received from HMRC.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 October 2024							105,000
	At 30 September 2025							105,000

	Amortisation
	At 1 October 2024							105,000
	At 30 September 2025							105,000

	Net book value
	At 30 September 2025							-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2024	63,139		77,853		27,175		168,167
	Additions	-		1,096		-		1,096
	Disposals	-		-		(27,175)		(27,175)
	At 30 September 2025	63,139		78,949		-		142,088

	Depreciation
	At 1 October 2024	29,312		72,536		24,257		126,105
	Charge for the year	2,525		2,877		-		5,402
	On disposals	-		-		(24,257)		(24,257)
	At 30 September 2025	31,837		75,413		-		107,250

	Net book value
	At 30 September 2025	31,302		3,536		-		34,838
	At 30 September 2024	33,827		5,317		2,918		42,062


5	Debtors					2025		2024
£							£

	Trade debtors					13,039		25,197
	Amounts recoverable under contracts					1,107		2,822
	Other debtors					37,822		16,623
						51,968		44,642


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					3,084		8,199
	Taxation and social security costs					10,761		14,231
	Other creditors					196		462
						14,041		22,892


7	Loans (to)/from directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Directors
	Interest free loan, repayable on demand.	(15,818)		(37,398)		15,818		(37,398)

		(15,818)		(37,398)		15,818		(37,398)


8	Other information

	Bishops Printing Limited is a private company limited by shares and incorporated in England. Its registered office is:

	33 Queen Street
	Barnstaple
	Devon
	EX32 8HG