Deanprint Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00030846 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2020

for

Deanprint Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K C Lee

J F Sherlock

D F Thurrold

REGISTERED OFFICE:

Cheadle Heath Works

Stockport Rd

Cheadle

Stockport

Cheshire

SK3 0PR

REGISTERED NUMBER:

00030846 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

971,792

1,004,874

CURRENT ASSETS

Stocks

389,777

456,941

Debtors

5

1,336,845

1,537,863

Cash at bank and in hand

175,365

208,772

1,901,987

2,203,576

CREDITORS

Amounts falling due within one year

6

1,886,455

1,946,701

NET CURRENT ASSETS

15,532

256,875

TOTAL ASSETS LESS CURRENT LIABILITIES

987,324

1,261,749

CREDITORS

Amounts falling due after more than one year

7

(39,333

)

(147,500

)

PROVISIONS FOR LIABILITIES

(184,640

)

(190,926

)

NET ASSETS

763,351

923,323

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Other reserves

20,165

20,165

Retained earnings

723,186

883,158

SHAREHOLDERS' FUNDS

763,351

923,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 4 July 2020 and were signed on its behalf by:

D F Thurrold - Director

1.	STATUTORY INFORMATION

Deanprint 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

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.

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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2019 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2019

2,814,849

126,773

43,405

2,985,027

Additions

127,188

2,699

-

129,887

At 30 April 2020

2,942,037

129,472

43,405

3,114,914

DEPRECIATION

At 1 May 2019

1,853,267

83,481

43,405

1,980,153

Charge for year

155,905

7,064

-

162,969

At 30 April 2020

2,009,172

90,545

43,405

2,143,122

NET BOOK VALUE

At 30 April 2020

932,865

38,927

-

971,792

At 30 April 2019

961,582

43,292

-

1,004,874

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2019

and 30 April 2020

328,500

DEPRECIATION

At 1 May 2019

10,950

Charge for year

32,850

At 30 April 2020

43,800

NET BOOK VALUE

At 30 April 2020

284,700

At 30 April 2019

317,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

441,302

627,969

Amounts owed by group undertakings

888,545

902,176

Other debtors

6,998

7,718

1,336,845

1,537,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Hire purchase contracts

118,000

118,000

Trade creditors

182,342

308,538

Amounts owed to group undertakings

1,130,704

1,130,704

Taxation and social security

121,088

158,281

Other creditors

334,321

231,178

1,886,455

1,946,701

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.20

30.4.19

£

£

Hire purchase contracts

39,333

147,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.20

30.4.19

£

£

Hire purchase contracts

157,333

265,500

Factors balance

215,609

85,634

372,942

351,134

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.20

30.4.19

value:

£

£

20,000

Ordinary

£1

20,000

20,000

10.	ULTIMATE CONTROLLING PARTY