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Company Registration No. 05986373 (England and Wales)
Printer Solutions (UK) Limited Unaudited accounts for the year ended 31 December 2024
Printer Solutions (UK) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Printer Solutions (UK) Limited Company Information for the year ended 31 December 2024
Director
Mr Chris Bayliss
Company Number
05986373 (England and Wales)
Registered Office
7 Westdene Hersham Walton-on-Thames Surrey KT12 5PX England
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Printer Solutions (UK) Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
17,847
-
Current assets
Inventories
17,258
20,000
Debtors
5
269,392
359,194
Cash at bank and in hand
51,721
42,572
338,371
421,766
Creditors: amounts falling due within one year
6
(239,585)
(220,191)
Net current assets
98,786
201,575
Net assets
116,633
201,575
Capital and reserves
Called up share capital
100
100
Profit and loss account
116,533
201,475
Shareholders' funds
116,633
201,575
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2025 and were signed on its behalf by
Mr Chris Bayliss Director Company Registration No. 05986373
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Printer Solutions (UK) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Printer Solutions (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 05986373. The registered office is 7 Westdene, Hersham, Walton-on-Thames, Surrey, KT12 5PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight Line
Motor vehicles
20% straight Line
Computer equipment
25% straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Printer Solutions (UK) Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
17,308
-
7,013
24,321
Additions
-
22,309
-
22,309
At 31 December 2024
17,308
22,309
7,013
46,630
Depreciation
At 1 January 2024
17,308
-
7,013
24,321
Charge for the year
-
4,462
-
4,462
At 31 December 2024
17,308
4,462
7,013
28,783
Net book value
At 31 December 2024
-
17,847
-
17,847
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
116,036
217,634
Amounts due from group undertakings etc.
152,874
141,560
Other debtors
482
-
269,392
359,194
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
7,875
7,462
Trade creditors
209,743
213,345
Taxes and social security
16,105
(483)
Other creditors
-
(1,175)
Loans from directors
4,187
(633)
Accruals
1,675
1,675
239,585
220,191
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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