Gardiner Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07461434 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

GARDINER GRAPHICS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr W S Duggins

Mr T C Powell

REGISTERED OFFICE:

Unit B

Oak Park Industrial Estate

Northarbour Road

Portsmouth

Hampshire

PO6 3TJ

REGISTERED NUMBER:

07461434 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gardiner Graphics Limited for the year ended 31st May 2018 which comprise the Statement of

Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gardiner Graphics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gardiner Graphics Limited and state those matters that we have agreed to state to the Board of Directors of Gardiner Graphics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gardiner Graphics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gardiner Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gardiner Graphics Limited. You consider that Gardiner Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gardiner Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

26th February 2019

FIXED ASSETS

Intangible assets

4

10,239

14,077

Tangible assets

5

55,217

81,824

65,456

95,901

CURRENT ASSETS

Stocks

2,125

5,650

Debtors

6

263,203

191,615

Cash at bank and in hand

29,123

39,752

294,451

237,017

CREDITORS

Amounts falling due within one year

7

104,660

115,261

NET CURRENT ASSETS

189,791

121,756

TOTAL ASSETS LESS CURRENT LIABILITIES

255,247

217,657

PROVISIONS FOR LIABILITIES

6,990

10,041

NET ASSETS

248,257

207,616

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

248,256

207,615

SHAREHOLDERS' FUNDS

248,257

207,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26th February 2019 and were signed on its behalf by:

Mr T C Powell - Director

1.	STATUTORY INFORMATION

Gardiner Graphics 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest Pound

(£).

The financial statements relate to Gardiner Graphics Limited as an individual entity.

Significant judgements and estimates

The preparation of financial statements often requires the use of judgements, estimates and assumptions that

affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and

expenses during the reporting period. These judgements, estimates and assumptions are based on

management's historical experience, knowledge and other factors including expectations of future events or

actions that are believed to be reasonable under the circumstances. Actual results may differ from those

amounts estimated.

In preparing these financial statements, management do not believe that they have made any critical

judgements in applying the company's accounting policies.

In preparing these financial statements, management do not believe that they have used any significant

estimates or assumptions.

Turnover

Turnover represents the value of goods and services supplied, excluding value added tax. Turnover is

recognised on delivery to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2012, is being amortised

evenly over its estimated useful life of ten years.

Patents

Patents are being written off over their useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost and 10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

20% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if

appropriate.

Stocks

Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

Financial instruments are recognised in line with sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, amounts due to/from group undertakings, trade

receivables and payables are initially recognised at transaction price, unless they constitute a financing

arrangement, when the transaction is measured at present value of the future receipts/payments discounted at a

market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest

rate method.

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.

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 3 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st June 2017

and 31st May 2018

30,298

8,099

38,397

AMORTISATION

At 1st June 2017

19,190

5,130

24,320

Charge for year

3,029

809

3,838

At 31st May 2018

22,219

5,939

28,158

NET BOOK VALUE

At 31st May 2018

8,079

2,160

10,239

At 31st May 2017

11,108

2,969

14,077

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st June 2017

185,220

5,796

12,228

50,631

253,875

Disposals

(12,000

)

-

-

-

(12,000

)

At 31st May 2018

173,220

5,796

12,228

50,631

241,875

DEPRECIATION

At 1st June 2017

111,051

3,336

10,800

46,864

172,051

Charge for year

15,740

869

1,428

2,070

20,107

Eliminated on disposal

(5,500

)

-

-

-

(5,500

)

At 31st May 2018

121,291

4,205

12,228

48,934

186,658

NET BOOK VALUE

At 31st May 2018

51,929

1,591

-

1,697

55,217

At 31st May 2017

74,169

2,460

1,428

3,767

81,824

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

153,480

149,183

Amounts owed by group undertakings

94,810

28,259

Other debtors

14,913

14,173

263,203

191,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

40,347

50,570

Amounts owed to group undertakings

-

7,200

Taxation and social security

46,854

48,113

Other creditors

17,459

9,378

104,660

115,261

8.	SECURED DEBTS

There is a fixed and floating charge dated 25 June 2013 against assets held within Gardiner Graphics Limited

and Gardiner Graphics Group Limited.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.