Company registration number 01577077 (England and Wales)
BANBURY LITHO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
BANBURY LITHO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
BANBURY LITHO LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,447,687
1,243,199
Current assets
Stocks
71,545
81,850
Debtors
4
992,851
1,050,750
Cash at bank and in hand
517,193
314,921
1,581,589
1,447,521
Creditors: amounts falling due within one year
5
(1,513,779)
(1,590,556)
Net current assets/(liabilities)
67,810
(143,035)
Total assets less current liabilities
1,515,497
1,100,164
Creditors: amounts falling due after more than one year
6
(430,322)
(402,732)
Provisions for liabilities
(238,380)
(156,912)
Net assets
846,795
540,520
Capital and reserves
Called up share capital
7
102
102
Revaluation reserve
8
60,750
60,750
Profit and loss reserves
785,943
479,668
Total equity
846,795
540,520
BANBURY LITHO LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 January 2026 and are signed on its behalf by:
Mr M J Wise
Director
Company registration number 01577077 (England and Wales)
BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Banbury Litho Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Vantage Business Park, Wykham Mill, Bloxham Road, Bloxham, Banbury, Oxon, OX16 9UX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention as modified to include the revaluation of plant and machinery at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Sales are accrued in line with the financial year in which revenue should be recognised, when the risks and rewards have been transferred from this entity to another. Accrued income occurs when there is the physical delivery of goods to customers, not yet invoiced.

1.3
Tangible fixed assets

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

Revaluations are performed with sufficient regularity such that the carrying amount does not differ materially from that which could be determined using fair values at the reporting end date.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold buildings
Over the term of the lease
Plant and machinery
7% to 33% straight line
Fixtures, fittings and equipment
10% to 33% straight line
Motor vehicles
20% to 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Grants received for the purchase of plant and machinery are written off over the expected useful life of the specific machine purchased.

BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.
1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
43
42
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 June 2024
26,471
3,057,794
3,084,265
Additions
-
0
377,545
377,545
Disposals
(11,585)
(21,300)
(32,885)
At 31 May 2025
14,886
3,414,039
3,428,925
Depreciation and impairment
At 1 June 2024
15,884
1,825,182
1,841,066
Depreciation charged in the year
992
165,522
166,514
Eliminated in respect of disposals
(11,585)
(14,757)
(26,342)
At 31 May 2025
5,291
1,975,947
1,981,238
Carrying amount
At 31 May 2025
9,595
1,438,092
1,447,687
At 31 May 2024
10,587
1,232,612
1,243,199

The net carrying value of tangible fixed assets includes £609,102 (2024 - £649,539) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £40,436 (2024 - £133,798) for the year.

The revaluation surplus is disclosed in note 8.

A revaluation of some of the plant and machinery assets was carried out by the directors as at 31st May 2019 with a resulting increase in net book value of £75,000. If plant and machinery assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
3
Tangible fixed assets
(Continued)
- 7 -
2025
2024
£
£
Cost
3,327,454
2,971,209
Accumulated depreciation
(1,994,362)
(1,843,597)
Carrying value
1,333,092
1,127,612
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
788,659
854,779
Other debtors
204,192
195,971
992,851
1,050,750

Trade debtors are funded through Aldermore Bank PLC Invoice Finance. The amount owed to the financier, which is included within other creditors, as at 31 May 2025 is £592,667 (2024 - £629,262). Aldermore Bank PLC holds a charge over this proportion of trade debtors, dated 21 August 2020. The liability to the financier is also partially guaranteed by one of the company's directors, M. J. Wise and the company secretary R. Bullard.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
41,667
45,455
Trade creditors
491,664
495,865
Taxation and social security
55,131
47,912
Other creditors
925,317
1,001,324
1,513,779
1,590,556

Included within other creditors are net obligations under hire purchase contracts, which are secured on the assets held under those contracts.

Lloyds Bank Plc holds mortgage debentures dated 12 July 2004, 12 August 2008 and 21 June 2021 in respect of any monies due to the bank.

BANBURY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
41,667
Trade creditors
24,000
22,300
Other creditors
406,322
338,765
430,322
402,732

Included within other creditors are net obligations under hire purchase contracts, which are secured on the assets held under those contracts.

Lloyds Bank Plc holds mortgage debentures dated 12 July 2004, 12 August 2008 and 21 June 2021 in respect of any monies due to the bank.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A shares of £1 each
1
1
1
1
Ordinary B shares of £1 each
1
1
1
1
102
102
102
102
8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
60,750
60,750
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
1,246,652
126,751
2025-05-31 2024-06-01 false false false 20 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Goodway Mr M J Wise Mr M Wise Mr M Plant Mr R Harvey Mrs R Bullard 01577077 2024-06-01 2025-05-31 01577077 2025-05-31 01577077 2024-05-31 01577077 core:LandBuildings 2025-05-31 01577077 core:OtherPropertyPlantEquipment 2025-05-31 01577077 core:LandBuildings 2024-05-31 01577077 core:OtherPropertyPlantEquipment 2024-05-31 01577077 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 01577077 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 01577077 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 01577077 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 01577077 core:CurrentFinancialInstruments 2025-05-31 01577077 core:CurrentFinancialInstruments 2024-05-31 01577077 core:Non-currentFinancialInstruments 2025-05-31 01577077 core:Non-currentFinancialInstruments 2024-05-31 01577077 core:ShareCapital 2025-05-31 01577077 core:ShareCapital 2024-05-31 01577077 core:RevaluationReserve 2025-05-31 01577077 core:RevaluationReserve 2024-05-31 01577077 core:RetainedEarningsAccumulatedLosses 2025-05-31 01577077 core:RetainedEarningsAccumulatedLosses 2024-05-31 01577077 core:ShareCapitalOrdinaryShareClass1 2025-05-31 01577077 core:ShareCapitalOrdinaryShareClass1 2024-05-31 01577077 core:ShareCapitalOrdinaryShareClass2 2025-05-31 01577077 core:ShareCapitalOrdinaryShareClass2 2024-05-31 01577077 core:ShareCapitalOrdinaryShareClass3 2025-05-31 01577077 core:ShareCapitalOrdinaryShareClass3 2024-05-31 01577077 core:ShareCapitalOrdinaryShares 2025-05-31 01577077 core:ShareCapitalOrdinaryShares 2024-05-31 01577077 bus:Director2 2024-06-01 2025-05-31 01577077 core:LandBuildings core:LongLeaseholdAssets 2024-06-01 2025-05-31 01577077 core:PlantMachinery 2024-06-01 2025-05-31 01577077 core:FurnitureFittings 2024-06-01 2025-05-31 01577077 core:MotorVehicles 2024-06-01 2025-05-31 01577077 2023-06-01 2024-05-31 01577077 core:LandBuildings 2024-05-31 01577077 core:OtherPropertyPlantEquipment 2024-05-31 01577077 2024-05-31 01577077 core:LandBuildings 2024-06-01 2025-05-31 01577077 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 01577077 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 01577077 bus:OrdinaryShareClass2 2024-06-01 2025-05-31 01577077 bus:OrdinaryShareClass3 2024-06-01 2025-05-31 01577077 bus:OrdinaryShareClass1 2025-05-31 01577077 bus:OrdinaryShareClass1 2024-05-31 01577077 bus:OrdinaryShareClass2 2025-05-31 01577077 bus:OrdinaryShareClass2 2024-05-31 01577077 bus:OrdinaryShareClass3 2025-05-31 01577077 bus:OrdinaryShareClass3 2024-05-31 01577077 bus:AllOrdinaryShares 2025-05-31 01577077 bus:AllOrdinaryShares 2024-05-31 01577077 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 01577077 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 01577077 bus:FRS102 2024-06-01 2025-05-31 01577077 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 01577077 bus:Director1 2024-06-01 2025-05-31 01577077 bus:Director3 2024-06-01 2025-05-31 01577077 bus:Director4 2024-06-01 2025-05-31 01577077 bus:Director5 2024-06-01 2025-05-31 01577077 bus:CompanySecretary1 2024-06-01 2025-05-31 01577077 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP