REGISTERED NUMBER: 04208167 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PRIORITY PRINT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Lomas

Mrs L J Lomas

SECRETARY:

Mrs L J Lomas

REGISTERED OFFICE:

260 - 270

Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BUSINESS ADDRESS:

Unit 18 Apex Business Centre

Boscombe Road

Dunstable

Bedfordshire

LU5 4SB

REGISTERED NUMBER:

04208167 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

BANKERS:

Clydesdale Bank plc

Principal Branch Piccadilly

35 Regent Street

London

SW1Y 4ND

FIXED ASSETS

Tangible assets

4

92,623

111,665

CURRENT ASSETS

Stocks

5

8,700

9,725

Debtors

6

436,632

345,702

Cash at bank

365,408

324,249

810,740

679,676

CREDITORS

Amounts falling due within one year

7

206,440

135,619

NET CURRENT ASSETS

604,300

544,057

TOTAL ASSETS LESS CURRENT LIABILITIES

696,923

655,722

PROVISIONS FOR LIABILITIES

9

23,156

27,916

NET ASSETS

673,767

627,806

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

673,667

627,706

SHAREHOLDERS' FUNDS

673,767

627,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 November 2025 and were signed on its behalf by:

Mr A J Lomas - Director

Mrs L J Lomas - Director

1.	STATUTORY INFORMATION

Priority Print 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.

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

-

33% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

The tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2024

71,179

55,501

29,280

Additions

-

984

1,991

At 30 June 2025

71,179

56,485

31,271

DEPRECIATION

At 1 July 2024

68,974

36,652

14,195

Charge for year

735

1,983

1,708

At 30 June 2025

69,709

38,635

15,903

NET BOOK VALUE

At 30 June 2025

1,470

17,850

15,368

At 30 June 2024

2,205

18,849

15,085

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

118,343

18,070

292,373

Additions

-

2,598

5,573

At 30 June 2025

118,343

20,668

297,946

DEPRECIATION

At 1 July 2024

48,120

12,767

180,708

Charge for year

17,556

2,633

24,615

At 30 June 2025

65,676

15,400

205,323

NET BOOK VALUE

At 30 June 2025

52,667

5,268

92,623

At 30 June 2024

70,223

5,303

111,665

5.

STOCKS

2025

2024

£

£

Stocks

7,200

7,725

Work-in-progress

1,500

2,000

8,700

9,725

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

429,368

339,610

Prepayments and accrued income

7,264

6,092

436,632

345,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

97,412

47,797

Corporation tax

45,774

40,853

VAT

56,322

39,328

Other creditors

3,065

3,349

Directors' loan accounts

967

1,392

Accrued expenses

2,900

2,900

206,440

135,619

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

68,133

71,776

Between one and five years

80,447

147,973

148,580

219,749

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

23,156

27,916

Deferred

tax

£

Balance at 1 July 2024

27,916

Provided during year

(4,760

)

Balance at 30 June 2025

23,156