Stirland Paterson (Printers) Ltd Company accounts

COMPANY REGISTRATION NUMBER: 03194946

Stirland Paterson (Printers) Ltd

Financial Statements

30 September 2025

Stirland Paterson (Printers) Ltd

Financial Statements

Year ended 30 September 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	9

Statement of financial position	10

Statement of cash flows	11

Notes to the financial statements	12

Stirland Paterson (Printers) Ltd

Strategic Report

Year ended 30 September 2025

Principal activities

The principal activities of the company in the year under review were those of marketing, print and associated services.

Review of the business

Since starting up in 1996 the company has continued to grow and develop its products and services to meet customer requirements, investing in staff and equipment and monitoring processes to improve quality and speed, reduce wastage and emissions. The company has also grown its customer base and developed its services to provide a one stop shop for customers seeking more comprehensive experience. The company strives to provide a competitive service across all areas to be one of the front runners in print solutions. During the year the company sought to improve its pricing competitivity and reviewed its supply chain capabilities and requirements to generate greater economies of scale, leased additional sites and acquired more staff with different skillsets to diversify into new products as well as additional volume of work and storage.

Principal risks and uncertainties

There are a number of key risks pertaining to the management of the company and the execution of its strategy. These key risks relate to the competition of both local and national providers of print and marketing services. To mitigate these risks the company focuses on producing a quality product and service and the development of customer relationships as well as sourcing and retaining high performing employees and equipment.

Business development

The company has had a successful year, increasing its turnover, gross profit and net profit, remaining solvent and able to service debts as they fall due. The company has continued to monitor spending and continually review and develop operations to provide a more encompassing service to customers. The company is also committed to ongoing sustainability and reducing carbon emissions in line with the Paris Agreement, utilising carbon specialists to help the company to identify emissions and target reductions. The company offsets scope 1 and 2 emissions by supporting the global conservation charity World Land Trust.

Key performance indicators

The company monitors its performance by reference to the following KPIs:

	2025	2024
Turnover	14,848,084	13,815,257
Gross profit %	34	32
EBT	2,188,489	1,669,823
Net assets	2,734,245	2,105,386

Price risk, credit risk, liquidity risk and cash flow risk

Price risk - energy prices have remained high and print machinery utilises a lot of power. The company tries to fix utility prices to provide price stability and pays employees an industry competitive wage, based on skill level. As Government wage thresholds increase, the company's wage costs also increase as it seeks to reflect national increases across the payroll. As it has been challenging to recruit skilled staff in the print sector, the company continues to seek training opportunities for employees to meet skills deficits. This will also move more employees towards higher paid skilled wages. Credit risk - the company is at risk of bad debts from customers. It operates controls over customer accounts, using external credit agencies to check and monitor customers, and also utilises an escalating process for pursuing debts outside of credit terms. Liquidity risk - the company maintains good liquidity with a quick ratio of 1.56 and a current ratio of 1.90. Cash flow risk - the company has good cash reserves available to it, both in its own bank accounts and those of its parent company.

This report was approved by the board of directors on 9 February 2026 and signed on behalf of the board by:

Mr J Paterson

Director

Registered office:

Tomolivia Court

Unit 21B , Merlin Way

Quarry Hill Industrial Estate

Ilkeston

Derbyshire

DE7 4RA

Stirland Paterson (Printers) Ltd

Directors' Report

Year ended 30 September 2025

The directors present their report and the financial statements of the company for the year ended 30 September 2025 .

Directors

The directors who served the company during the year were as follows:

Mr S Stirland
Mr J Paterson

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 9 February 2026 and signed on behalf of the board by:

Mr J Paterson

Director

Registered office:

Tomolivia Court

Unit 21B , Merlin Way

Quarry Hill Industrial Estate

Ilkeston

Derbyshire

DE7 4RA

Stirland Paterson (Printers) Ltd

Independent Auditor's Report to the Members of Stirland Paterson (Printers) Ltd

Year ended 30 September 2025

Opinion

We have audited the financial statements of Stirland Paterson (Printers) Ltd (the 'company') for the year ended 30 September 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We used enquiry and observation to identify and test any risk areas as well as confirm the assertions made by management and those charged with governance. Where systems were in place to protect the company from fraud, these systems were also observed and tested to confirm that they could be relied upon. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Russell Eley FCCA

(Senior Statutory Auditor)

For and on behalf of

Xeinadin Audit Limited

Accountants & statutory auditor

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD

20 March 2026

Stirland Paterson (Printers) Ltd

Statement of Income and Retained Earnings

Year ended 30 September 2025

		2025	2024
Note		£	£
Turnover	4	14,848,084	13,815,257

Cost of sales	9,856,776	9,354,222
	-------------	-------------
Gross profit	4,991,308	4,461,035

Distribution costs		13,540	13,175
Administrative expenses		2,809,529	2,807,376
Other operating income	5	9,418	13,414
		------------	------------
Operating profit	6	2,177,657	1,653,898

Other interest receivable and similar income	9	11,223	25,320
Interest payable and similar expenses	10	391	9,395
		------------	------------
Profit before taxation		2,188,489	1,669,823

Tax on profit	11	559,630	315,519
		------------	------------
Profit for the financial year and total comprehensive income		1,628,859	1,354,304
		------------	------------

Dividends paid and payable	12	( 1,000,000)	( 1,000,000)

Retained earnings at the start of the year	2,105,384	1,751,080
	------------	------------
Retained earnings at the end of the year	2,734,243	2,105,384
	------------	------------

All the activities of the company are from continuing operations.

Stirland Paterson (Printers) Ltd

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	13		427,949	512,945

Current assets

Stocks	14	920,262	696,694
Debtors	15	3,593,102	2,964,229
Cash at bank and in hand		512,713	1,010,992
		------------	------------
		5,026,077	4,671,915

Creditors: amounts falling due within one year	16	2,639,272		2,986,154
		------------		------------
Net current assets			2,386,805	1,685,761
			------------	------------
Total assets less current liabilities			2,814,754	2,198,706

Provisions	17	80,509	93,320
		------------	------------
Net assets		2,734,245	2,105,386
		------------	------------

Capital and reserves

Called up share capital	20	2	2
Profit and loss account		2,734,243	2,105,384
		------------	------------
Shareholders funds		2,734,245	2,105,386
		------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 9 February 2026 , and are signed on behalf of the board by:

Mr J Paterson

Director

Company registration number: 03194946

Stirland Paterson (Printers) Ltd

Statement of Cash Flows

Year ended 30 September 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	1,628,859	1,354,304

Adjustments for:
Depreciation of tangible assets	126,499	83,501
Other interest receivable and similar income	(11,223)	(25,321)
Interest payable and similar expenses	391	9,395
Loss on disposal of tangible assets	3,151	1,491
Tax on profit	559,630	315,519
Accrued (income)/expenses	( 8,406)	84,936

Changes in:
Stocks	( 223,568)	( 287,487)
Trade and other debtors	( 628,873)	( 641,855)
Trade and other creditors	( 605,463)	507,656
	------------	------------
Cash generated from operations	840,997	1,402,139

Interest paid	( 391)	( 9,395)
Interest received	11,223	25,320
Tax paid	( 273,611)	( 140,108)
	---------	------------
Net cash from operating activities	578,218	1,277,956
	---------	------------

Cash flows from investing activities

Purchase of tangible assets	( 55,654)	( 218,855)
Proceeds from sale of tangible assets	11,000	901
	---------	------------
Net cash used in investing activities	( 44,654)	( 217,954)
	---------	------------

Cash flows from financing activities

Proceeds from borrowings	( 31,843)	( 146,143)
Dividends paid	( 1,000,000)	( 1,000,000)
	------------	------------
Net cash used in financing activities	( 1,031,843)	( 1,146,143)
	------------	------------

Net decrease in cash and cash equivalents	( 498,279)	( 86,141)
Cash and cash equivalents at beginning of year	1,010,992	1,097,133
	------------	------------
Cash and cash equivalents at end of year	512,713	1,010,992
	------------	------------

Stirland Paterson (Printers) Ltd

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Tomolivia Court, Unit 21B , Merlin Way, Quarry Hill Industrial Estate, Ilkeston, Derbyshire, DE7 4RA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Bad debt provision The company has reviewed all trade debts remaining outstanding after 120 days and made a full provision against those which it considers will not be recoverable. It is possible however, that some of these debts may be recovered and that, at the year end, there were trade debts that were considered to be recoverable but later prove not to be. The value of the bad debt provision at 30 September 2025 was £5,274 (2024 - £24,284).

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	10% reducing balance
Fixtures, fittings & equipment	-	15% straight line
Motor vehicles	-	25% straight line
Computer equipment	-	33 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	14,848,084	13,815,257
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Waste disposal sales	9,418	13,414
	-------	--------

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	126,499	83,501
Loss on disposal of tangible assets	3,151	1,491
Impairment of trade debtors	5,392	–
Foreign exchange differences	–	( 4)
	---------	--------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	10,000	10,000
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	45	42
Administrative staff	32	30
Management staff	4	4
	----	----
	81	76
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	3,160,325	2,936,488
Social security costs	2,170	2,349
Other pension costs	49,872	53,892
	------------	------------
	3,212,367	2,992,729
	------------	------------

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on loans and receivables	(3,382)	3,382
Interest on bank deposits	14,605	21,938
	--------	--------
	11,223	25,320
	--------	--------

10. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	431	9,395
Interest on obligations under finance leases and hire purchase contracts	( 40)	–
	----	-------
	391	9,395
	----	-------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	572,441	273,611
Adjustments in respect of prior periods	–	( 12)
	---------	---------
Total current tax	572,441	273,599
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 12,811)	41,920
	---------	---------
Tax on profit	559,630	315,519
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	2,188,489	1,669,823
	------------	------------
Profit on ordinary activities by rate of tax	547,122	417,456
Adjustment to tax charge in respect of prior periods	–	( 12)
Effect of expenses not deductible for tax purposes	12,508	8,529
Group relief	–	(110,454)
	------------	------------
Tax on profit	559,630	315,519
	------------	------------

12. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	1,000,000	1,000,000
	------------	------------

13. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	729,886	53,760	81,986	401,305	1,266,937
Additions	33,869	–	–	21,785	55,654
Disposals	( 30,885)	–	( 16,805)	–	( 47,690)
	---------	--------	--------	---------	------------
At 30 September 2025	732,870	53,760	65,181	423,090	1,274,901
	---------	--------	--------	---------	------------
Depreciation
At 1 October 2024	336,413	51,995	39,573	326,011	753,992
Charge for the year	73,980	639	13,915	37,965	126,499
Disposals	( 16,735)	–	( 16,804)	–	( 33,539)
	---------	--------	--------	---------	------------
At 30 September 2025	393,658	52,634	36,684	363,976	846,952
	---------	--------	--------	---------	------------
Carrying amount
At 30 September 2025	339,212	1,126	28,497	59,114	427,949
	---------	--------	--------	---------	------------
At 30 September 2024	393,473	1,765	42,413	75,294	512,945
	---------	--------	--------	---------	------------

14. Stocks

	2025	2024
	£	£
Raw materials and consumables	722,129	383,550
Work in progress	198,133	313,144
	---------	---------
	920,262	696,694
	---------	---------

15. Debtors

	2025	2024
	£	£
Trade debtors	2,726,205	2,555,916
Amounts owed by group undertakings	281,794	273,213
Amounts owed by undertakings in which the company has a participating interest	250,000	–
Prepayments and accrued income	81,288	75,157
Directors loan account	253,815	54,943
Other debtors	–	5,000
	------------	------------
	3,593,102	2,964,229
	------------	------------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	31,843
Trade creditors	1,453,395	2,231,162
Accruals and deferred income	238,515	246,921
Corporation tax	572,441	273,611
Social security and other taxes	341,713	194,756
Other creditors	33,208	7,861
	------------	------------
	2,639,272	2,986,154
	------------	------------

The banking facilities are secured by a debenture secured on all assets of the company. The company has also provided a cross-guarantee to the value of £405,000 for its parent company Stirland Paterson (Holdings) Limited. The Coronavirus Business Interruption Loan Scheme of £ nil (2024 - £20,833) is also secured by a partial guarantee from the UK Government, which would only apply in the event that the company becomes unable to meet the repayments.

17. Provisions

	Deferred tax (note 18)
	£
At 1 October 2024	93,320
Charge against provision	( 12,811)
	--------
At 30 September 2025	80,509
	--------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 17)	80,509	93,320
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	80,509	93,320
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 49,872 (2024: £ 53,892 ).

20. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	221	2	221	2
	----	----	----	----

Ordinary shares hold the right to vote in any circumstance, the right to participate in dividends or other distributions, including upon winding up. There are no redemption rights attributed to ordinary shares.

21. Analysis of changes in net debt

	At 1 Oct 2024	Cash flows	At 30 Sep 2025
	£	£	£
Cash at bank and in hand	1,010,992	(498,279)	512,713
Debt due within one year	(31,843)	31,843	–
	------------	---------	---------
	979,149	( 466,436)	512,713
	------------	---------	---------

22. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	469,998	354,609
Later than 1 year and not later than 5 years	761,997	606,327
	------------	---------
	1,231,995	960,936
	------------	---------

23. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Stirland	14,248	89,370	( 14,248)	89,370
Mr J Paterson	40,695	164,445	( 40,695)	164,445
	--------	---------	--------	---------
	54,943	253,815	( 54,943)	253,815
	--------	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Stirland	–	14,248	–	14,248
Mr J Paterson	21,239	19,456	–	40,695
	--------	--------	----	--------
	21,239	33,704	–	54,943
	--------	--------	----	--------

The directors' loans are interest free and repayable on demand.

24. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Entities with control over the company	477,728	451,656	281,794	221,956
Other related parties	–	48	250,000	5,000
	---------	---------	---------	---------

Transactions with related parties are undertaken at market value. Loans with related parties are interest free.

Stirland Paterson (Printers) Ltd

Notes to the Financial Statements (continued)

Year ended 30 September 2025

24. Related party transactions (continued)

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the company. The total compensation paid to key management personnel for services provided to the company was £ 252,133 (2024: £ 280,273 ).

25. Controlling party

The company was controlled throughout the year by its parent company, Stirland Paterson (Holdings) Limited, whose registered office is at Tomolivia Court, Unit 21B Merlin Way, Quarry Hill Industrial Estate, Ilkeston, Derbyshire, DE7 4RA.