Modern Graphic Arts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00688853

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		43,632		44,949

			43,632		44,949
CURRENT ASSETS
Stocks	5	3,851		4,448
Debtors	6	8,450		5,199
Cash at bank and in hand		32,419		38,851

		44,720		48,498
Creditors: Amounts Falling Due Within One Year	7	(5,296 )		(5,052 )

NET CURRENT ASSETS (LIABILITIES)			39,424		43,446

TOTAL ASSETS LESS CURRENT LIABILITIES			83,056		88,395

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(150 )

NET ASSETS			83,056		88,245

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Revaluation reserve	9		40,966		40,966
Profit and Loss Account			41,090		46,279

SHAREHOLDERS' FUNDS			83,056		88,245

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Modern Graphic Arts Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Bultitude

Director

06/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Modern Graphic Arts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00688853 . The registered office is 52/54 Milton Road, Westcliff-On-Sea, Essex, SS0 7JX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Straight line over 50 years
Plant & Machinery	25% reducing balance
Computer Equipment	Straight line over 3 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Modern Graphic Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	80,000	157,045	23,845	260,890

As at 31 March 2026	80,000	157,045	23,845	260,890

Depreciation
As at 1 April 2025	35,840	156,256	23,845	215,941
Provided during the period	1,120	197	-	1,317

As at 31 March 2026	36,960	156,453	23,845	217,258

Net Book Value
As at 31 March 2026	43,040	592	-	43,632

As at 1 April 2025	44,160	789	-	44,949

Land and buildings with a carrying value of £43,040 were last revalued on 5 October 1992

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
At cost	-	157,045	23,845	180,890
At valuation	80,000	-	-	80,000

	80,000	157,045	23,845	260,890

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Modern Graphic Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	15,582
Accumulated depreciation and impairment	8,096

Carrying amount	7,486

5. Stocks

	2026	2025
	£	£
Stock	3,851	4,448

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	7,063	4,037
Other debtors	1,387	1,162

	8,450	5,199

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	4,486	2,548
Other creditors	362	1,097
Taxation and social security	448	1,407

	5,296	5,052

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Modern Graphic Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2025	40,966	46,279
Loss for the year and total comprehensive income	-	(3,877 )

Dividends paid	-	(1,312)

As at 31 March 2026	40,966	41,090

10. Related Party Transactions

During the year dividends were paid to directors amounting to £852 (2025 £929).

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