REGISTERED NUMBER: 08960428 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

2601 Creative Print Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Williamson

P Johnson

REGISTERED OFFICE:

7 Soundwell Road

Staple Hill

Bristol

Avon

BS16 4QG

REGISTERED NUMBER:

08960428 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

4

1,037,961

981,744

CURRENT ASSETS

Stocks

84,800

109,000

Debtors

5

203,111

151,320

Cash at bank

65,501

133,509

353,412

393,829

CREDITORS

Amounts falling due within one year

6

(479,130

)

(551,754

)

NET CURRENT LIABILITIES

(125,718

)

(157,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

912,243

823,819

CREDITORS

Amounts falling due after more than one year

7

(518,782

)

(486,729

)

PROVISIONS FOR LIABILITIES

(35,199

)

(33,517

)

NET ASSETS

358,262

303,573

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

140,603

140,603

Retained earnings

217,559

162,870

358,262

303,573

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 17 December 2025 and were signed on its behalf by:

P Johnson - Director

S J Williamson - Director

1.	STATUTORY INFORMATION

2601 Creative 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.

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

750,000

54,790

403,687

Additions

-

-

95,944

At 31 March 2025

750,000

54,790

499,631

DEPRECIATION

At 1 April 2024

-

-

243,678

Charge for year

-

-

35,491

At 31 March 2025

-

-

279,169

NET BOOK VALUE

At 31 March 2025

750,000

54,790

220,462

At 31 March 2024

750,000

54,790

160,009

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

20,532

13,371

1,242,380

Additions

-

-

95,944

At 31 March 2025

20,532

13,371

1,338,324

DEPRECIATION

At 1 April 2024

8,848

8,110

260,636

Charge for year

2,921

1,315

39,727

At 31 March 2025

11,769

9,425

300,363

NET BOOK VALUE

At 31 March 2025

8,763

3,946

1,037,961

At 31 March 2024

11,684

5,261

981,744

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2022

609,397

-

402,924

Valuation in 2023

140,603

-

-

Valuation in 2024

-

54,790

763

Valuation in 2025

-

-

95,944

750,000

54,790

499,631

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2022

12,068

10,982

1,035,371

Valuation in 2023

-

-

140,603

Valuation in 2024

8,464

2,389

66,406

Valuation in 2025

-

-

95,944

20,532

13,371

1,338,324

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

Plant and

machinery

£

COST OR VALUATION

At 1 April 2024

152,260

Additions

94,184

At 31 March 2025

246,444

DEPRECIATION

At 1 April 2024

33,879

Charge for year

24,644

At 31 March 2025

58,523

NET BOOK VALUE

At 31 March 2025

187,921

At 31 March 2024

118,381

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

201,361

147,070

Prepayments and accrued income

1,750

4,250

203,111

151,320

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

151,703

227,727

Hire purchase contracts

49,139

30,342

Trade creditors

105,669

85,352

Tax

19,622

34,499

Social security and other taxes

21,297

15,312

VAT

65,188

52,281

Other creditors

65,052

104,687

Pension creditor

1,460

1,304

Accruals and deferred income

-

250

479,130

551,754

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage

385,385

397,541

Hire purchase contracts

101,528

66,082

Directors' loan accounts

31,869

23,106

518,782

486,729