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Registration number: 07647054

BAF Printers (1962) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

BAF Printers (1962) Ltd

Contents

Company Information | 1
Directors' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 11

BAF Printers (1962) Ltd

Company Information

Directors | Mrs T K Williams Mrs A J Bond-Wallis Mr S M G Wallis

Registered office | Portland House Cross Chancellor Street Leeds LS6 2TG

Accountants | Botterill & Co Chartered Certified AccountantsFirst Floor Offices 40 Norwood Beverley East Yorkshire HU17 9EY

BAF Printers (1962) Ltd

Directors' Report for the Year Ended 30 June 2025

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs T K Williams

Mrs A J Bond-Wallis

Mr S M G Wallis

Principal activity

The principal activity of the company is manufacturer of bags and labels

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:

......................................... Mrs T K Williams Director
......................................... Mrs A J Bond-Wallis Director
......................................... Mr S M G Wallis Director

BAF Printers (1962) Ltd

(Registration number: 07647054)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 140,000 | 150,000
Tangible assets | 5 | 110,974 | 121,157
|  | 250,974 | 271,157
Current assets |  |  |
Stocks | 6 | 124,154 | 114,257
Debtors | 7 | 360,923 | 270,270
Cash at bank and in hand |  | 89,186 | 48,218
|  | 574,263 | 432,745
Creditors: Amounts falling due within one year | 8 | (402,874) | (355,150)
Net current assets |  | 171,389 | 77,595
Total assets less current liabilities |  | 422,363 | 348,752
Creditors: Amounts falling due after more than one year | 8 | (2,500) | (12,500)
Net assets |  | 419,863 | 336,252
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 419,763 | 336,152
Shareholders' funds |  | 419,863 | 336,252

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:

......................................... Mrs T K Williams Director

BAF Printers (1962) Ltd

(Registration number: 07647054)
Balance Sheet as at 30 June 2025

......................................... Mrs A J Bond-Wallis Director
......................................... Mr S M G Wallis Director

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Portland House
Cross Chancellor Street
Leeds
LS6 2TG

These financial statements were authorised for issue by the Board on 25 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 15% Reducing balance
Fixtures and Fittings | 15% Reducing Balance
Computer Equipment | 15% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 200,000 | 200,000
At 30 June 2025 | 200,000 | 200,000
Amortisation
At 1 July 2024 | 50,000 | 50,000
Amortisation charge | 10,000 | 10,000
At 30 June 2025 | 60,000 | 60,000
Carrying amount
At 30 June 2025 | 140,000 | 140,000
At 30 June 2024 | 150,000 | 150,000

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 79,714 | 317,581 | 397,295
Additions | 2,717 | 6,685 | 9,402
At 30 June 2025 | 82,431 | 324,266 | 406,697
Depreciation
At 1 July 2024 | 64,286 | 211,852 | 276,138
Charge for the year | 2,722 | 16,863 | 19,585
At 30 June 2025 | 67,008 | 228,715 | 295,723
Carrying amount
At 30 June 2025 | 15,423 | 95,551 | 110,974
At 30 June 2024 | 15,428 | 105,729 | 121,157

6 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 124,154 | 114,257

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 247,910 | 246,976
Amounts owed by related parties | 12 | 95,494 | 5,000
Prepayments |  | 17,519 | 18,294
|  | 360,923 | 270,270

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 10,000 | 10,000
Trade creditors |  | 337,546 | 302,663
Taxation and social security |  | 52,960 | 40,200
Accruals and deferred income |  | 1,300 | 1,155
Other creditors |  | 1,068 | 1,132
|  | 402,874 | 355,150

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 2,500 | 12,500

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,500 | 12,500

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000

11 | Dividends

Interim dividends paid

BAF Printers (1962) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil per each Ordinary |  | - |  | -

12 | Related party transactions

Transactions with directors