General Information
EMPRESS LITHO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02149681, registration address UNIT 2 BLOCK 1, WOOLWICH DOCKYARD INDUSTRIAL EST WOOLWICH CHURCH STREET, London, SE18 5PQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and buildings |
10% reducing balance |
| Plant and machinery etc |
20% reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 27 (2024 : 30).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 March 2024 |
22,994 |
|
2,022,378 |
|
2,045,372 |
| Additions |
- |
|
4,371 |
|
4,371 |
| Disposals |
- |
|
(36,581) |
|
(36,581) |
| At 28 February 2025 |
22,994 |
|
1,990,168 |
|
2,013,162 |
| Depreciation |
| At 01 March 2024 |
10,663 |
|
1,759,491 |
|
1,770,154 |
| Charge for year |
1,370 |
|
40,090 |
|
41,460 |
| On disposals |
- |
|
(36,581) |
|
(36,581) |
| At 28 February 2025 |
12,033 |
|
1,763,000 |
|
1,775,033 |
| Net book values |
| Closing balance as at 28 February 2025 |
10,961 |
|
227,168 |
|
238,129 |
| Opening balance as at 01 March 2024 |
12,331 |
|
262,887 |
|
275,218 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
50,125 |
|
84,746 |
|
50,125 |
|
84,746 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
295,217 |
|
201,118 |
| Amount Owed by Group Undertakings |
313,813 |
|
334,307 |
| Other Debtors |
6,865 |
|
5,322 |
|
615,895 |
|
540,747 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
377,651 |
|
417,103 |
| Bank Loans & Overdrafts |
301,599 |
|
127,503 |
| Taxation and Social Security |
60,794 |
|
145,524 |
| Other Creditors |
32,224 |
|
74,205 |
|
772,268 |
|
764,335 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
20,834 |
|
70,834 |
|
20,834 |
|
70,834 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
58,709 |
|
51,582 |
|
58,709 |
|
51,582 |
|
| 9. |
Share Capital
Authorised
5,023 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
5,023
Class A shares of £1.00 each |
5,023 |
|
5,023 |
|
5,023 |
|
5,023 |
|
| 10. |
Share premium account
|
2025
£ |
|
2024
£ |
| Equity Share Premium b/fwd |
74,577 |
|
74,577 |
|
74,577 |
|
74,577 |
|
| 11. |
Ultimate Controlling Party
The company's ultimate controlling party is Empress Litho Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company. During the year the company paid a dividend of £69,000
|
2
|