REGISTERED NUMBER: 02687044 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HEADLINE PRINTERS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J M Barraclough

S Barraclough

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

02687044 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

57,883

58,326

CURRENT ASSETS

Stocks

29,320

3,400

Debtors

5

31,594

19,612

Cash at bank

44,789

9,808

105,703

32,820

CREDITORS

Amounts falling due within one year

6

96,039

55,466

NET CURRENT ASSETS/(LIABILITIES)

9,664

(22,646

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,547

35,680

CREDITORS

Amounts falling due after more than one year

7

(20,711

)

(26,111

)

PROVISIONS FOR LIABILITIES

8

(6,508

)

(4,408

)

NET ASSETS

40,328

5,161

CAPITAL AND RESERVES

Called up share capital

50,100

50,100

Retained earnings

9

(9,772

)

(44,939

)

40,328

5,161

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 9 October 2025 and were signed on its behalf by:

J M Barraclough - Director

1.	STATUTORY INFORMATION

Headline Printers 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.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

276,529

Additions

11,067

Disposals

(20,000

)

At 31 March 2025

267,596

DEPRECIATION

At 1 April 2024

218,203

Charge for year

7,950

Eliminated on disposal

(16,440

)

At 31 March 2025

209,713

NET BOOK VALUE

At 31 March 2025

57,883

At 31 March 2024

58,326

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

23,853

13,187

Other debtors

7,741

6,425

31,594

19,612

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

14,818

Trade creditors

46,415

14,250

Taxation and social security

20,702

14,943

Other creditors

18,922

11,455

96,039

55,466

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

20,711

26,111

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Other provisions

6,508

4,408

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(44,939

)

Profit for the year

35,167

At 31 March 2025

(9,772

)