Print 4 Property Limited - Accounts to registrar (filleted) - small 18.2
Print 4 Property Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
PRINT 4 PROPERTY LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PRINT 4 PROPERTY LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 April 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
BALANCE SHEET |
30 April 2022 |
30.4.22 | 30.4.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
BALANCE SHEET - continued |
30 April 2022 |
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 |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2022 |
1. | STATUTORY INFORMATION |
Print 4 Property Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of goods and services provided in the year, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Financial instruments |
Basic financial instruments, including trade and other payables and bank loans are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation for the year comprises current 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 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. |
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. |
Government grants |
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2021 |
Additions |
At 30 April 2022 |
DEPRECIATION |
At 1 May 2021 |
Charge for year |
At 30 April 2022 |
NET BOOK VALUE |
At 30 April 2022 |
At 30 April 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.4.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.22 | 30.4.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.22 | 30.4.21 |
£ | £ |
Bank loans |
Bank loans repayable by instalments falling due in more than five years are £0 (2021, £5,500). |
PRINT 4 PROPERTY LIMITED (REGISTERED NUMBER: SC217045) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2022 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.22 | 30.4.21 |
£ | £ |
Bank loans | 570 | 8,070 |
Other creditors | 82,801 | 31,453 |
Included within other creditors is an amount of £82,801 (2021, £31,453) which has been drawn down under an invoice factoring agreement. Invoices issued under this agreement are subject to a bond and floating charge. |
The company's bankers hold a bond and floating charge for all sums due. One of the company's directors at 30 April 2022 and two of the company's directors at 30 April 2021 had provided the company's bankers with personal guarantees and securities for bank borrowings. |
9. | OTHER FINANCIAL COMMITMENTS |
At 30 April 2022 the company was committed to making total payments under non-cancellable operating leases of £1,128 (2021, £16,378). |