Registration number: 01526157

Short Run Press Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Short Run Press Ltd

Company Information

Directors

Mr M P Couch Mr M I Couch Mr R E Gliddon

Company secretary

Mr R E Gliddon

Registered office

Bittern Road Sowton Industrial Estate Exeter EX2 7LW

Solicitors

Ashfords Ashford House Grenadier Road Exeter EX1 1LH

Accountants

Redwoods Accountants (Exeter) Ltd Chartered Certified Accountants2 Clyst Works Clyst Road Topsham Exeter Devon EX3 0DB

Short Run Press Ltd

(Registration number: 01526157)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,589,818	1,538,086
Current assets
Stocks	6	240,841	164,602
Debtors	7	697,935	641,049
Cash at bank and in hand		152,858	1,536
		1,091,634	807,187
Creditors: Amounts falling due within one year	8	(1,237,379)	(1,225,497)
Net current liabilities		(145,745)	(418,310)
Total assets less current liabilities		1,444,073	1,119,776
Creditors: Amounts falling due after more than one year	8	(1,123,155)	(754,295)
Provisions for liabilities		(126,142)	(115,204)
Net assets		194,776	250,277
Capital and reserves
Called up share capital	9	102	102
Retained earnings		194,674	250,175
Shareholders' funds		194,776	250,277

For the financial year ending 30 April 2026 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.

Short Run Press Ltd

(Registration number: 01526157)
Balance Sheet as at 30 April 2026

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:
 

......................................... Mr M I Couch Director

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

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

The address of its registered office is:
Bittern Road
Sowton Industrial Estate
Exeter
EX2 7LW

These financial statements were authorised for issue by the Board on 23 June 2026.

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.

The accounts are presented in £ sterling and rounded to £1.

Judgements

In the application of the company's accounting policies. management is required to make judgements, estimate and assumption about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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.

Government grants

Grants are recognised as income on the performance model.

Tax

The tax expense for the period comprises deferred 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.

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred assets are reviewed at each reporting date and a valuation allowance is set up against deferred assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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	General plant and machinery seven years straight line, certain items of plant and machinery on sale and lease back four years straight line, and printing presses fifteen years straight line
Office equipment	Seven years straight line
Motor vehicles	Five year straight line
Computer equipment	Four years straight line
Leased telephone system	Three years straight line

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.

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade accounts receivable and payable and loans from banks/other third parties.
 Recognition and measurement
Debt instruments like loans are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured initially and subsequently, at the undisclosed amount of the cash or other consideration expected to be paid or received. In the case of non current liability not at a market rate of interest, the financial liability is measured initially and subsequently at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
 Impairment
Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

For financial assets measured at amortised cost, the impairment is measured as the difference between an assets carrying amount and the present value of estimated cash flows, discounted at the assets original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 36 (2025 - 33).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	204,620	214,211

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

5	Tangible assets

	Office equipment, computer equipment, and leased telephone system  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 May 2025	32,410	60,449	2,692,774	2,785,633
Additions	582	-	473,548	474,130
Disposals	(3,400)	-	(560,000)	(563,400)
At 30 April 2026	29,592	60,449	2,606,322	2,696,363
Depreciation
At 1 May 2025	29,395	38,704	1,179,448	1,247,547
Charge for the year	1,464	6,321	196,835	204,620
Eliminated on disposal	(3,400)	-	(342,222)	(345,622)
At 30 April 2026	27,459	45,025	1,034,061	1,106,545
Carrying amount
At 30 April 2026	2,133	15,424	1,572,261	1,589,818
At 30 April 2025	3,015	21,745	1,513,326	1,538,086

6

Stocks

	2026 £	2025 £
Other inventories	240,841	164,602

7

Debtors

Current	2026 £	2025 £
Trade debtors	404,627	334,760
Prepayments	21,650	16,714
Other debtors	271,658	289,575
	697,935	641,049

The carrying amount of trade debtors pledged as security for liabilities amounted to £318,568 (2025 - £262,985).

Advances on factored debts are secured by a fixed and floating charge against all assets of the company.

Short Run Press Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	570,311	654,687
Trade creditors		582,998	474,318
Taxation and social security		40,619	50,544
Accruals and deferred income		43,451	45,948
		1,237,379	1,225,497

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	1,123,155	754,295

	2026 £	2025 £
Due after more than five years
After more than five years by instalments	138,858	-

	-	-