Print North East Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05334922

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,500		-
Tangible Assets	5		314,699		350,227

			319,199		350,227
CURRENT ASSETS
Stocks	6	7,450		7,600
Debtors	7	287,210		123,593
Cash at bank and in hand		99,563		110,140

		394,223		241,333
Creditors: Amounts Falling Due Within One Year	8	(326,712 )		(226,231 )

NET CURRENT ASSETS (LIABILITIES)			67,511		15,102

TOTAL ASSETS LESS CURRENT LIABILITIES			386,710		365,329

Creditors: Amounts Falling Due After More Than One Year	9		(17,800 )		(91,451 )

NET ASSETS			368,910		273,878

CAPITAL AND RESERVES
Called up share capital	11		110		110
Profit and Loss Account			368,800		273,768

SHAREHOLDERS' FUNDS			368,910		273,878

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Print North East Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Steven Gilbert

Director

24/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Print North East Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05334922 . The registered office is 6-9 Foundry Lane Industrial Estate, Foundry Lane, Newcastle Upon Tyne, NE6 1LH.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.3. 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	5% SL
Motor Vehicles	25% RB
Fixtures & Fittings	20% SL
Computer Equipment	20% SL

2.4. 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.

2.5. 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.

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Print North East Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	-
Additions	5,000

As at 31 March 2025	5,000

Amortisation
As at 1 April 2024	-
Provided during the period	500

As at 31 March 2025	500

Net Book Value
As at 31 March 2025	4,500

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	564,194	59,492	666	18,565	642,917
Additions	8,732	-	1,329	603	10,664
Disposals	-	(31,622 )	-	-	(31,622 )

As at 31 March 2025	572,926	27,870	1,995	19,168	621,959

Depreciation
As at 1 April 2024	244,090	33,268	666	14,666	292,690
Provided during the period	28,646	4,054	266	3,220	36,186
Disposals	-	(21,616 )	-	-	(21,616 )

As at 31 March 2025	272,736	15,706	932	17,886	307,260

Net Book Value
As at 31 March 2025	300,190	12,164	1,063	1,282	314,699

As at 1 April 2024	320,104	26,224	-	3,899	350,227

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Print North East Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	7,450	7,600

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	283,676	111,802
Prepayments and accrued income	934	6,655
Other debtors (1)	2,600	-
VAT	-	5,136

	287,210	123,593

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,151	15,439
Trade creditors	124,836	85,237
Bank loans and overdrafts	57,500	57,500
Corporation tax	68,316	19,856
Other taxes and social security	12,471	9,819
VAT	13,599	-
Directors loan account - Mr S Gilbert	32,524	35,212
Accruals and deferred income	1,315	3,168

	326,712	226,231

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,008	29,159
Bank loans	4,792	62,292

	17,800	91,451

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	16,151	15,439
Later than one year and not later than five years	13,008	29,159

	29,159	44,598

	29,159	44,598

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Print North East Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	110	110

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