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Registered number: 08539362
SRP Design and Print Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08539362
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 83,110 102,661
83,110 102,661
CURRENT ASSETS
Stocks 6 8,272 9,930
Debtors 7 66,521 63,472
Cash at bank and in hand 5,370 3,043
80,163 76,445
Creditors: Amounts Falling Due Within One Year 8 (200,195 ) (188,883 )
NET CURRENT ASSETS (LIABILITIES) (120,032 ) (112,438 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,922 ) (9,777 )
Creditors: Amounts Falling Due After More Than One Year 9 (9,226 ) (8,828 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,791 ) (19,506 )
NET LIABILITIES (61,939 ) (38,111 )
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (61,940 ) (38,112 )
SHAREHOLDERS' FUNDS (61,939) (38,111)
Page 1
Page 2
For the 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.
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 Graeme Noller
Director
5 October 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SRP Design and Print Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08539362 . The registered office is Srp Design And Print Limited, Leigh Road, Chichester, West Sussex, PO19 8TU.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Going Concern Disclosure
The company meets its day to day working capital requirements through funding from the Directors.
The Directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to continue to trade within the facilities made available.
2.3. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.4. Turnover
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.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.6. 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:
Plant & Machinery Varying rates on cost
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
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2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. 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.
2.9. 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.
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: 5 (2025: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2025 15,000
As at 30 April 2026 15,000
Amortisation
As at 1 May 2025 15,000
As at 30 April 2026 15,000
Net Book Value
As at 30 April 2026 -
As at 1 May 2025 -
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2025 254,477 15,500 564 3,216 273,757
As at 30 April 2026 254,477 15,500 564 3,216 273,757
Depreciation
As at 1 May 2025 155,472 12,128 431 3,065 171,096
Provided during the period 18,637 843 33 38 19,551
As at 30 April 2026 174,109 12,971 464 3,103 190,647
Net Book Value
As at 30 April 2026 80,368 2,529 100 113 83,110
As at 1 May 2025 99,005 3,372 133 151 102,661
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Plant & Machinery 30,012 34,491
6. Stocks
2026 2025
£ £
Stock 6,500 6,500
Work in progress 1,772 3,430
8,272 9,930
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 62,178 59,908
Other debtors 4,343 3,564
66,521 63,472
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 11,916 12,044
Trade creditors 50,846 61,897
Bank loans and overdrafts 834 9,727
Amounts owed to group undertakings 44,808 33,087
Other creditors 85,215 61,514
Taxation and social security 6,576 10,614
200,195 188,883
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 9,226 7,722
Bank loans - 1,106
9,226 8,828
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,391 13,740
Later than one year and not later than five years 10,860 8,015
25,251 21,755
Less: Finance charges allocated to future periods 4,109 1,989
21,142 19,766
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
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