REGISTERED NUMBER: 03515029 (England and Wales)

PARK LANE PRESS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Bacon

P Sudwell

SECRETARY:

Mrs L Sudwell

REGISTERED OFFICE:

Unit 11 Leafield Way

Leafield Industrial Estate

Corsham

Wiltshire

SN13 9SW

REGISTERED NUMBER:

03515029 (England and Wales)

ACCOUNTANT:

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

FIXED ASSETS

Intangible assets

4

294,407

318,669

Tangible assets

5

880,305

1,032,865

Investments

6

100

100

1,174,812

1,351,634

CURRENT ASSETS

Stocks

138,471

144,424

Debtors

7

307,435

227,300

Cash at bank and in hand

157

97

446,063

371,821

CREDITORS

Amounts falling due within one year

8

806,318

848,216

NET CURRENT LIABILITIES

(360,255

)

(476,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

814,557

875,239

CREDITORS

Amounts falling due after more than one year

9

(329,973

)

(460,925

)

PROVISIONS FOR LIABILITIES

(205,810

)

(240,817

)

NET ASSETS

278,774

173,497

CAPITAL AND RESERVES

Called up share capital

55,082

55,082

Capital redemption reserve

45,000

45,000

Retained earnings

178,692

73,415

SHAREHOLDERS' FUNDS

278,774

173,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

P Sudwell - Director

T J Bacon - Director

1.	STATUTORY INFORMATION

Park Lane Press 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of fifteen 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.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. the capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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

The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

373,258

AMORTISATION

At 1 April 2024

54,589

Charge for year

24,262

At 31 March 2025

78,851

NET BOOK VALUE

At 31 March 2025

294,407

At 31 March 2024

318,669

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

114,590

2,809,553

2,924,143

Additions

-

45,993

45,993

Disposals

-

(69,717

)

(69,717

)

At 31 March 2025

114,590

2,785,829

2,900,419

DEPRECIATION

At 1 April 2024

86,604

1,804,674

1,891,278

Charge for year

2,799

154,689

157,488

Eliminated on disposal

-

(28,652

)

(28,652

)

At 31 March 2025

89,403

1,930,711

2,020,114

NET BOOK VALUE

At 31 March 2025

25,187

855,118

880,305

At 31 March 2024

27,986

1,004,879

1,032,865

Included in the net book value of £921,374 is £362,245 (2024 - £379,951) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the period in respect of such assets amounted to £57,853 (2024 - £67,050). There were Hire Purchase asset additions during the year of £45,884.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

280,793

223,960

Other debtors

26,642

3,340

307,435

227,300

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

171,481

200,594

Hire purchase contracts

165,970

128,398

Trade creditors

245,709

264,484

Taxation and social security

109,581

129,911

Other creditors

113,577

124,829

806,318

848,216

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

101,747

183,855

Hire purchase contracts

228,226

277,070

329,973

460,925

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

T J Bacon

Balance outstanding at start of year

-

-

Amounts advanced

58,226

-

Amounts repaid

(39,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,226

-

During the year, one of the Directors' Loan Accounts became overdrawn. The largest overdrawn balance during the year was £30,000. As at 31 March 2025, the balance was overdrawn by £19,226. This is included in Creditors.

Interest has been included on the overdrawn Directors Loan Account at HMRC's official rate.