REGISTERED NUMBER: SC243705 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Fawcett Print Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M S Alexander

Mr W Fawcett

Mr J G Moir

REGISTERED OFFICE:

Graphix House

Wellington Circle

Aberdeen

AB12 3JG

REGISTERED NUMBER:

SC243705 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

74,973

75,559

CURRENT ASSETS

Stocks

43,013

30,337

Debtors

5

409,902

454,584

Cash at bank and in hand

85,356

134,045

538,271

618,966

CREDITORS

Amounts falling due within one year

6

178,445

244,046

NET CURRENT ASSETS

359,826

374,920

TOTAL ASSETS LESS CURRENT LIABILITIES

434,799

450,479

CREDITORS

Amounts falling due after more than one year

7

(6,936

)

(22,832

)

PROVISIONS FOR LIABILITIES

(15,615

)

(15,144

)

NET ASSETS

412,248

412,503

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

411,248

411,503

412,248

412,503

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

Mr M S Alexander - Director

1.	STATUTORY INFORMATION

Fawcett Print Services Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Plant and machinery

-

33% on cost and 15% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

155,543

198,088

251,387

605,018

Additions

238

23,973

9,148

33,359

Disposals

-

(43,380

)

(58,946

)

(102,326

)

At 31 March 2025

155,781

178,681

201,589

536,051

DEPRECIATION

At 1 April 2024

140,558

159,708

229,193

529,459

Charge for year

3,668

15,770

14,506

33,944

Eliminated on disposal

-

(43,380

)

(58,945

)

(102,325

)

At 31 March 2025

144,226

132,098

184,754

461,078

NET BOOK VALUE

At 31 March 2025

11,555

46,583

16,835

74,973

At 31 March 2024

14,985

38,380

22,194

75,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

149,591

248,358

Amounts owed by group undertakings

243,832

183,042

Other debtors

16,479

23,184

409,902

454,584

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

5,333

5,333

Trade creditors

69,443

76,251

Taxation and social security

49,754

82,772

Other creditors

43,267

69,042

178,445

244,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,308

13,477

Hire purchase contracts

2,222

7,556

Other creditors

1,406

1,799

6,936

22,832

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr M S Alexander

Balance outstanding at start of year

15,139

-

Amounts advanced

4,244

15,139

Amounts repaid

(17,250

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,133

15,139

Mr W Fawcett

Balance outstanding at start of year

-

-

Amounts advanced

10,000

-

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	ULTIMATE CONTROLLING PARTY

Fawcett Print Services Limited is a subsidiary of Interactive Print Ltd. The registered office and principal place of business of Interactive Print Ltd is Graphix House, Wellington Circle, Aberdeen, AB12 3JG.