Stramongate Press Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04282502 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Stramongate Press Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

126,314

139,641

126,314

139,641

CURRENT ASSETS

Stocks

87,604

90,000

Debtors

6

234,488

176,792

Cash at bank and in hand

56,485

160,926

378,577

427,718

CREDITORS

Amounts falling due within one year

7

226,787

244,046

NET CURRENT ASSETS

151,790

183,672

TOTAL ASSETS LESS CURRENT LIABILITIES

278,104

323,313

CREDITORS

Amounts falling due after more than one year

8

(135,647

)

(188,013

)

PROVISIONS FOR LIABILITIES

(25,802

)

(21,873

)

NET ASSETS

116,655

113,427

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

115,455

112,227

116,655

113,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2023 and were signed on its behalf by:

S Holden - Director

1.	STATUTORY INFORMATION

Stramongate Press Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04282502

Registered office:

Aynam Mills

Little Aynam

Kendal

LA9 7AH

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.

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

-

20% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2022

and 30 April 2023

95,753

AMORTISATION

At 1 May 2022

and 30 April 2023

95,753

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2022

25,612

580,506

606,118

Additions

-

60,573

60,573

Disposals

-

(19,495

)

(19,495

)

At 30 April 2023

25,612

621,584

647,196

DEPRECIATION

At 1 May 2022

427

466,050

466,477

Charge for year

5,122

59,436

64,558

Eliminated on disposal

-

(10,153

)

(10,153

)

At 30 April 2023

5,549

515,333

520,882

NET BOOK VALUE

At 30 April 2023

20,063

106,251

126,314

At 30 April 2022

25,185

114,456

139,641

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

159,825

156,487

Other debtors

74,663

20,305

234,488

176,792

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

73,356

99,824

Trade creditors

82,271

59,302

Taxation and social security

25,376

32,249

Other creditors

45,784

52,671

226,787

244,046

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

135,647

188,013

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

S Holden

Balance outstanding at start of year

-

320

Amounts repaid

-

(320

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

C J Hill

Balance outstanding at start of year

-

400

Amounts repaid

-

(400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-