Sussex Print Finishers Limited
Unaudited financial statements
For the year ended 31 October 2025
01824527 (England and Wales)
Pages for filing with registrar
Sussex Print Finishers Limited
Company information
Directors
Mr G Mayhew
Mr R Mayhew
Company number
01824527
Registered office
Bishopstone
36 Crescent Road
Worthing
West Sussex
BN11 1RL
Accountants
Ayres Bright Vickers Limited
Bishopstone
36 Crescent Road
Worthing
West Sussex
BN11 1RL
Business address
Unit 18, Golding Barn Farm Estate
Henfield Road
Small Dole
Henfield
West Sussex
BN5 9XH
Bankers
Allied Irish Bank (GB)
20-22 Marlborough Place
Brighton
East Sussex
BN1 1UB
Sussex Print Finishers Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Sussex Print Finishers Limited
Balance sheet
As at 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
501,060
518,265
Current assets
Stocks
4,153
3,905
Debtors
4
85,240
54,718
Cash at bank and in hand
130,511
113,677
219,904
172,300
Creditors: amounts falling due within one year
5
(159,502)
(143,716)
Net current assets
60,402
28,584
Total assets less current liabilities
561,462
546,849
Creditors: amounts falling due after more than one year
6
(8,341)
(19,616)
Provisions for liabilities
7
(36,265)
(29,462)
Net assets
516,856
497,771
Capital and reserves
Called up share capital
8
2,450
2,450
Share premium account
8,555
8,555
Revaluation reserve
9
88,046
88,046
Profit and loss reserves
417,805
398,720
Total equity
516,856
497,771

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 22 July 2026 and are signed on its behalf by:
Mr G Mayhew
Mr R Mayhew
Director
Director
Company Registration No. 01824527
Sussex Print Finishers Limited
Notes to the financial statements
For the year ended 31 October 2025
- 2 -
1
Accounting policies
Company information

Sussex Print Finishers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopstone, 36 Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services provided net of VAT.

Revenue is recognised on the sale of goods when the risk and reward of ownership of the goods have passed to the buyer (usually on the dispatch of goods).

Revenue for the sale of services is recognised as invoices are raised, at the point jobs are completed. All jobs are short term, and recognising partially completed jobs is not relevant or feasible.

Interest income is recognised where it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principle outstanding and the effective interest rate applicable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Freehold property
4% Straight line
Plant and machinery
10% Reducing balance
Fixtures, fittings & equipment
10% - 33.33% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Sussex Print Finishers Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(continued)
- 3 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Sussex Print Finishers Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Sussex Print Finishers Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(continued)
- 5 -
1.11
Retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17.
1.12
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
6
6
3
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
500,000
1,010,333
17,567
114,459
1,642,359
Additions
-
0
-
0
1,107
7,789
8,896
At 31 October 2025
500,000
1,010,333
18,674
122,248
1,651,255
Depreciation and impairment
At 1 November 2024
136,800
873,783
16,072
97,439
1,124,094
Depreciation charged in the year
7,200
13,676
737
4,488
26,101
At 31 October 2025
144,000
887,459
16,809
101,927
1,150,195
Carrying amount
At 31 October 2025
356,000
122,874
1,865
20,321
501,060
At 31 October 2024
363,200
136,550
1,495
17,020
518,265
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
80,492
50,797
Other debtors
4,748
3,921
85,240
54,718
Sussex Print Finishers Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,500
37,500
Trade creditors
21,427
5,432
Corporation tax
36,581
24,773
Other taxation and social security
18,372
14,261
Other creditors
70,622
61,750
159,502
143,716
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
12,500
Other creditors
8,341
7,116
8,341
19,616
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
36,265
29,462
8
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2,450 Ordinary shares of £1 each
2,450
2,450
2,450
2,450
9
Revaluation reserve
2025
2024
£
£
At beginning and end of year
88,046
88,046
2025-10-31 2024-11-01 false false false 22 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr K M Shannon Mr G Mayhew Mr R Mayhew 01824527 2024-11-01 2025-10-31 01824527 bus:Director2 2024-11-01 2025-10-31 01824527 bus:Director3 2024-11-01 2025-10-31 01824527 bus:Director1 2024-11-01 2025-10-31 01824527 bus:RegisteredOffice 2024-11-01 2025-10-31 01824527 bus:Agent1 2024-11-01 2025-10-31 01824527 2025-10-31 01824527 2024-10-31 01824527 core:LandBuildings core:OwnedOrFreeholdAssets 2025-10-31 01824527 core:PlantMachinery 2025-10-31 01824527 core:FurnitureFittings 2025-10-31 01824527 core:MotorVehicles 2025-10-31 01824527 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 01824527 core:PlantMachinery 2024-10-31 01824527 core:FurnitureFittings 2024-10-31 01824527 core:MotorVehicles 2024-10-31 01824527 core:CurrentFinancialInstruments 2025-10-31 01824527 core:CurrentFinancialInstruments 2024-10-31 01824527 core:Non-currentFinancialInstruments 2025-10-31 01824527 core:Non-currentFinancialInstruments 2024-10-31 01824527 core:ShareCapital 2025-10-31 01824527 core:ShareCapital 2024-10-31 01824527 core:SharePremium 2025-10-31 01824527 core:SharePremium 2024-10-31 01824527 core:RevaluationReserve 2025-10-31 01824527 core:RevaluationReserve 2024-10-31 01824527 core:RetainedEarningsAccumulatedLosses 2025-10-31 01824527 core:RetainedEarningsAccumulatedLosses 2024-10-31 01824527 core:ShareCapitalOrdinaryShareClass1 2025-10-31 01824527 core:ShareCapitalOrdinaryShareClass1 2024-10-31 01824527 core:ShareCapitalOrdinaryShares 2025-10-31 01824527 core:ShareCapitalOrdinaryShares 2024-10-31 01824527 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-01 2025-10-31 01824527 core:PlantMachinery 2024-11-01 2025-10-31 01824527 core:FurnitureFittings 2024-11-01 2025-10-31 01824527 core:MotorVehicles 2024-11-01 2025-10-31 01824527 2023-11-01 2024-10-31 01824527 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 01824527 core:PlantMachinery 2024-10-31 01824527 core:FurnitureFittings 2024-10-31 01824527 core:MotorVehicles 2024-10-31 01824527 2024-10-31 01824527 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 01824527 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 01824527 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 01824527 bus:OrdinaryShareClass1 2025-10-31 01824527 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 01824527 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 01824527 bus:FRS102 2024-11-01 2025-10-31 01824527 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 01824527 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP