REGISTERED NUMBER: 01925748 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

WHEATLEY PRINTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Hindshaw

Mr J Underwood

Mr J P Hindshaw

SECRETARY:

Mrs A C Hindshaw

REGISTERED OFFICE:

Unit C2

Phoenix Trading Estate

London Road, Thrupp

Stroud

Gloucestershire

GL5 2BX

REGISTERED NUMBER:

01925748 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

38,458

58,560

Tangible assets

5

242,402

275,322

Investment property

6

135,000

135,000

415,860

468,882

CURRENT ASSETS

Stocks

30,802

25,668

Debtors

7

164,363

149,784

Cash at bank and in hand

415,213

282,487

610,378

457,939

CREDITORS

Amounts falling due within one year

8

148,716

93,978

NET CURRENT ASSETS

461,662

363,961

TOTAL ASSETS LESS CURRENT LIABILITIES

877,522

832,843

PROVISIONS FOR LIABILITIES

45,109

52,863

NET ASSETS

832,413

779,980

CAPITAL AND RESERVES

Called up share capital

75

75

Capital redemption reserve

25

25

Retained earnings

832,313

779,880

SHAREHOLDERS' FUNDS

832,413

779,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Mr P Hindshaw - Director

Mr J Underwood - Director

Mr J P Hindshaw - Director

1.	STATUTORY INFORMATION

Wheatley Printers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of bespoke printing goods and services to customers. Revenue is recognised at the date the invoice is raised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of unincorporated businesses in 2015 and 2023 respectively, is amortised evenly over the estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

234,283

AMORTISATION

At 1 July 2024

175,723

Charge for year

20,102

At 30 June 2025

195,825

NET BOOK VALUE

At 30 June 2025

38,458

At 30 June 2024

58,560

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2024

105,080

625,681

18,711

Additions

-

10,375

-

Disposals

-

(7,670

)

-

At 30 June 2025

105,080

628,386

18,711

DEPRECIATION

At 1 July 2024

41,211

423,480

16,288

Charge for year

2,102

35,018

363

Eliminated on disposal

-

(5,121

)

-

At 30 June 2025

43,313

453,377

16,651

NET BOOK VALUE

At 30 June 2025

61,767

175,009

2,060

At 30 June 2024

63,869

202,201

2,423

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2024

6,300

27,717

783,489

Additions

-

-

10,375

Disposals

-

-

(7,670

)

At 30 June 2025

6,300

27,717

786,194

DEPRECIATION

At 1 July 2024

2,625

24,563

508,167

Charge for year

1,575

1,688

40,746

Eliminated on disposal

-

-

(5,121

)

At 30 June 2025

4,200

26,251

543,792

NET BOOK VALUE

At 30 June 2025

2,100

1,466

242,402

At 30 June 2024

3,675

3,154

275,322

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

135,000

NET BOOK VALUE

At 30 June 2025

135,000

At 30 June 2024

135,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2023

135,000

Investment property was valued on an open market basis by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

143,724

122,545

Other debtors

2,900

8,933

VAT

-

901

Prepayments

17,739

17,405

164,363

149,784

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

83,569

62,698

Corporation Tax

30,482

3,490

Social security and other taxes

13,048

14,701

VAT

10,592

-

Pension Control

2,125

2,341

Accrued expenses

8,900

10,748

148,716

93,978

9.	SECURED DEBTS

There is a debenture deed given in favour of HSBC Bank PLC created on 18 May 2015. The amount is secured on freehold unit C5 Phoenix Trading Estate, London Road, Thrupp, Stroud. The deed contains a negative pledge.

There is a debenture deed given in favour of HSBC Bank PLC created on 31 March 2005. The amount is secured on freehold unit C4 Phoenix Trading Estate, London Road, Thrupp, Stroud. The deed contains a negative pledge.

There is a debenture deed given in favour of Midland Bank PLC created on 23 March 1994. The amount is secured on all monies due or to become due from the company to the chargee supplemental to a fixed and floating charge.

There is a debenture deed and legal charge given in favour of Midland Bank PLC created on 1 June 1989. The amount is secured on all monies due or to become due from the company to the chargee supplemental to a fixed and floating charge as well as freehold unit C2 Phoenix Trading Estate, London Road, Thrupp, Stroud.

All the above charges were satisfied in the year.

10.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees contingencies and commitments at the year end of £8,223 (2024: £13,706)