Prolific Graphics Ltd iXBRL

Prolific Graphics Ltd

Unaudited Financial Statements

for the financial year ended 10 September 2025

Prolific Graphics Ltd

Company Registration Number: 08982338

STATEMENT OF FINANCIAL POSITION

as at 10 September 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

28,096

35,541

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Current Assets

Inventories

19,500

18,000

Receivables

419,261

441,308

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438,761

459,308

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Payables: amounts falling due within one year

(199,864)

(179,737)

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Net Current Assets

238,897

279,571

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Total Assets less Current Liabilities

266,993

315,112

Payables:

amounts falling due after more than one year

(19,333)

(52,457)

Provisions for liabilities

(5,945)

(7,520)

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Net Assets

241,715

255,135

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Capital and Reserves

Called up share capital

Retained earnings

241,713

255,133

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Equity attributable to owners of the company

241,715

255,135

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 10 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 5 June 2026 and signed on its behalf by



________________________________
Mr Adrian John Fayers
Director

Prolific Graphics Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 10 September 2025

General Information

Prolific Graphics Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 08982338. The registered office of the company is Unit 3, Britannia Business Park, Quarry Wood, Aylesford, Kent, ME20 7NT which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 10 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax for vehicle wrapping and graphic design services.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Straight line

Motor vehicles

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Employee 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.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Employees

The average monthly number of employees, including directors, during the financial year was 5, (2024 - 5).

2025

2024

Number

Number

Average number of persons employed

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4.	Property, plant and equipment
		Plant and	Motor	Total
		machinery	vehicles

		£	£	£
	Cost
	At 11 September 2024	30,296	29,675	59,971
	Additions	405	7,200	7,605
		─────────	─────────	─────────
	At 10 September 2025	30,701	36,875	67,576
		─────────	─────────	─────────
	Depreciation
	At 11 September 2024	18,495	5,935	24,430
	Charge for the financial year	7,675	7,375	15,050
		─────────	─────────	─────────
	At 10 September 2025	26,170	13,310	39,480
		─────────	─────────	─────────
	Net book value
	At 10 September 2025	4,531	23,565	28,096
		═════════	═════════	═════════
	At 10 September 2024	11,801	23,740	35,541
		═════════	═════════	═════════


5.	Inventories	2025	2024
		£	£

	Stock	19,500	18,000
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


6.	Receivables	2025	2024
		£	£

	Trade receivables	69,808	67,723
	Other debtors	343,844	369,367
	Prepayments and accrued income	5,609	4,218
		─────────	─────────
		419,261	441,308
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank overdrafts	2,525	7,713
	Bank loan	34,040	30,111
	Trade payables	32,552	29,701
	Taxation	127,832	110,653
	Other creditors	32	-
	Accruals:
	Pension accrual	1,072	244
	Other accruals	1,811	1,315
		─────────	─────────
		199,864	179,737
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Other loans	19,333	52,457
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	36,565	37,824
	Repayable between one and two years	19,333	52,457
		─────────	─────────
		55,898	90,281
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

7,520

7,520

2,730

Charged to profit and loss

(1,575)

(1,575)

4,790

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At financial year end

5,945

7,520

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