Company No: 04440951 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,414		7,241
Tangible assets	4	462,776		619,517
		465,190		626,758
Current assets
Stocks	5	253,886		255,709
Debtors	6	915,608		813,464
Cash at bank and in hand		451,326		580,037
		1,620,820		1,649,210
Creditors: amounts falling due within one year	7	( 411,173)		( 482,665)
Net current assets		1,209,647		1,166,545
Total assets less current liabilities		1,674,837		1,793,303
Creditors: amounts falling due after more than one year	8	( 83,688)		( 165,949)
Provision for liabilities		( 56,881)		( 84,768)
Net assets		1,534,268		1,542,586
Capital and reserves
Called-up share capital	9	12		12
Share premium account		16,999		16,999
Profit and loss account		1,517,257		1,525,575
Total shareholders' funds		1,534,268		1,542,586

For the financial year ending 30 September 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of KCS Trade Print Limited (registered number: 04440951) were approved and authorised for issue by the Board of Directors on 08 May 2026. They were signed on its behalf by:

Z A Jones Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KCS Trade Print Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Southgate Technology Park, Pennygillam Way, Pennygillam Ind Est Launceston, PL15 7ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of review 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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	5 years straight line
Computer software	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery	5 - 10 years straight line
Fixtures and fittings	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		22

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 October 2024	27,000		14,483		41,483
At 30 September 2025	27,000		14,483		41,483
Accumulated amortisation
At 01 October 2024	27,000		7,242		34,242
Charge for the financial year	0		4,827		4,827
At 30 September 2025	27,000		12,069		39,069
Net book value
At 30 September 2025	0		2,414		2,414
At 30 September 2024	0		7,241		7,241

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 October 2024	104,490		2,124,043		280,010		2,508,543
Additions	0		6,146		4,645		10,791
At 30 September 2025	104,490		2,130,189		284,655		2,519,334
Accumulated depreciation
At 01 October 2024	31,953		1,656,201		200,872		1,889,026
Charge for the financial year	5,224		141,182		21,126		167,532
At 30 September 2025	37,177		1,797,383		221,998		2,056,558
Net book value
At 30 September 2025	67,313		332,806		62,657		462,776
At 30 September 2024	72,537		467,842		79,138		619,517

5. Stocks

	2025		2024
	£		£
Stocks	253,886		255,709

6. Debtors

	2025		2024
	£		£
Trade debtors	230,481		314,430
Amounts owed by Group undertakings	624,397		398,116
Corporation tax	11,081		0
Other debtors	49,649		100,918
	915,608		813,464

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	50,000		50,000
Trade creditors	236,071		303,803
Accruals and deferred income	47,751		50,269
Taxation and social security	77,351		78,593
	411,173		482,665

Bank loans are secured by way of a fixed and floating charge over all the assets of the company.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	12,500		62,500
Other creditors	71,188		103,449
	83,688		165,949

Bank loans are secured by way of a fixed and floating charge over all the assets of the company.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 0.10 each	6		6
60 Ordinary B shares of £ 0.10 each	6		6
	12		12

10. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Pennygillam Print Holdings Limited	624,397		398,116

During the year, the company provided working capital by way of an interest free inter-company loan. At the year end the company was owed £624,397 by PPH (2024 - £398,116).

11. Off Balance Sheet arrangements

The total amount of financial commitments not included in the balance sheet is £201,396 (2024 - £276,346). The commitments relate to operating leases.