Coastline Graphics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06014945 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Coastline Graphics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Braker

J M Archer

SECRETARY:

S Braker

REGISTERED OFFICE:

Eldo House

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

BUSINESS ADDRESS:

Unit 1, Mitchell House

Skyliner Way

Bury St Edmunds

Suffolk

IP32 7YA

REGISTERED NUMBER:

06014945 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

713,469

758,485

713,469

758,485

CURRENT ASSETS

Stocks

15,000

13,000

Debtors

6

160,641

165,668

Cash at bank and in hand

9,947

4,188

185,588

182,856

CREDITORS

Amounts falling due within one year

7

227,143

210,645

NET CURRENT LIABILITIES

(41,555

)

(27,789

)

TOTAL ASSETS LESS CURRENT LIABILITIES

671,914

730,696

CREDITORS

Amounts falling due after more than one
year

8

(151,068

)

(203,539

)

PROVISIONS FOR LIABILITIES

11

(26,470

)

(36,532

)

NET ASSETS

494,376

490,625

CAPITAL AND RESERVES

Called up share capital

12

100

Fair value reserve

13

23,985

Retained earnings

470,291

466,540

SHAREHOLDERS' FUNDS

494,376

490,625

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

S Braker - Director

J M Archer - Director

1.	STATUTORY INFORMATION

Coastline Graphics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Freehold property

Freehold property is shown at most recent valuation, on an open market basis carried out by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

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.

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.

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.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

Grants

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised over its estimated useful life of ten years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

350,197

AMORTISATION

At 1 April 2024

and 31 March 2025

350,197

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

582,800

626,141

1,208,941

Additions

-

1,333

Disposals

-

(14,933

)

(14,933

)

At 31 March 2025

582,800

612,541

1,195,341

DEPRECIATION

At 1 April 2024

-

450,456

Charge for year

-

43,387

Eliminated on disposal

-

(11,971

)

(11,971

)

At 31 March 2025

-

481,872

NET BOOK VALUE

At 31 March 2025

582,800

130,669

713,469

At 31 March 2024

582,800

175,685

758,485

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2022

23,985

-

23,985

Cost

558,815

612,541

1,171,356

582,800

612,541

1,195,341

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

558,815

Aggregate depreciation

79,676

Freehold property was valued on open market basis on 31 March 2025 by the directors .

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

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

371,321

DEPRECIATION

At 1 April 2024

251,027

Charge for year

30,073

At 31 March 2025

281,100

NET BOOK VALUE

At 31 March 2025

90,221

At 31 March 2024

120,294

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

146,997

143,716

Other debtors

13,644

21,952

160,641

165,668

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

25,802

44,777

Hire purchase contracts (see note 9)

20,657

22,652

Trade creditors

66,783

48,720

Taxation and social security

67,367

49,221

Other creditors

46,534

45,275

227,143

210,645

Other creditors includes an amount owed to the directors.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

145,512

177,327

Hire purchase contracts (see note 9)

5,556

26,212

151,068

203,539

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

64,664

107,274

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

20,657

22,652

Between one and five years

5,556

26,212

26,213

48,864

Minimum lease payments under non cancellable operating leases falling due as at the year end were £20,673 (2024 - £18,495).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdraft

-

24,988

Bank loans

171,314

197,116

Hire purchase contracts

26,213

48,864

197,527

270,968

The bank loans are secured by a charge on the company's premises in the form of a debenture over all of the company's assets.

The hire purchase agreements are secured on the assets acquired.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

26,470

36,532

Deferred

tax

£

Balance at 1 April 2024

36,532

Provided during year

(10,062

)

Balance at 31 March 2025

26,470

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

13.

RESERVES

The freehold property was revalued by the directors as at 31st March 2025. The fair value reserve is not available for distribution as it is unrealised.