Geerings Print Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02702124

Geerings Print Limited

Filleted Unaudited Financial Statements

31 March 2026

Geerings Print Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Geerings Print Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		2,763	4,543

Current assets

Stocks		7,714	10,302
Debtors	6	98,485	100,647
Cash at bank and in hand		19,635	15,174
		---------	---------
		125,834	126,123

Creditors: amounts falling due within one year	7	131,974		153,504
		---------		---------
Net current liabilities			6,140	27,381
			-------	--------
Total assets less current liabilities			( 3,377)	( 22,838)

Creditors: amounts falling due after more than one year	8	–	3,333
		-------	--------
Net liabilities		( 3,377)	( 26,171)
		-------	--------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	( 103,377)	( 126,171)
	---------	---------
Shareholders deficit	( 3,377)	( 26,171)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Geerings Print Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 2 September 2026 , and are signed on behalf of the board by:

Mr M P Almond

Director

Company registration number: 02702124

Geerings Print Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cobbs Wood House, Chart Road, Ashford, Kent, TN23 1EP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of 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.

Going concern

The directors have considered the appropriateness of the preparation of the accounts on a going concern basis and believe that the company has sufficient financial support and projected future trading performance to continue as a going concern.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 and machinery	-	10% straight line
Fixtures and fittings	-	20% 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2025: 17 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025	10,163	78,766	88,929
Disposals	–	( 2,518)	( 2,518)
	--------	--------	--------
At 31 March 2026	10,163	76,248	86,411
	--------	--------	--------
Depreciation
At 1 April 2025	9,345	75,041	84,386
Charge for the year	541	1,239	1,780
Disposals	–	( 2,518)	( 2,518)
	--------	--------	--------
At 31 March 2026	9,886	73,762	83,648
	--------	--------	--------
Carrying amount
At 31 March 2026	277	2,486	2,763
	--------	--------	--------
At 31 March 2025	818	3,725	4,543
	--------	--------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	93,808	92,648
Other debtors	4,677	7,999
	--------	---------
	98,485	100,647
	--------	---------

Included in trade debtors is £8,755 (2025: £57,750) of book debts purchased by Bibby Financial Services Ltd. The factor has full recourse on the company for unpaid debts.

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,333	20,000
Trade creditors	68,321	74,235
Corporation tax	5,772	4,133
Social security and other taxes	4,028	3,297
Other creditors	50,520	51,839
	---------	---------
	131,974	153,504
	---------	---------

Included in other creditors is £5,431 (2025: £12,540) of monies received in advance by the company from Bibby Financial Services Ltd which is secured over the book debts purchased by the factor. The factor has full recourse on the company for unpaid debts.

Bank loans and overdrafts are secured over the assets and undertakings of the company by way of a fixed and floating charge with a negative pledge.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,333
	----	-------