Taylor-Pressform Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01883070 (England and Wales)

Taylor-Pressform Limited

Unaudited Financial Statements

for the Year Ended

30 June 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Taylor

REGISTERED OFFICE:

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

REGISTERED NUMBER:

01883070 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

FIXED ASSETS

Tangible assets

4

496,808

538,379

CURRENT ASSETS

Stocks

5

24,454

22,300

Debtors

6

1,207,756

1,388,201

Cash at bank and in hand

531,222

85,504

1,763,432

1,496,005

CREDITORS

Amounts falling due within one year

7

222,998

233,747

NET CURRENT ASSETS

1,540,434

1,262,258

TOTAL ASSETS LESS CURRENT LIABILITIES

2,037,242

1,800,637

PROVISIONS FOR LIABILITIES

74,992

80,108

NET ASSETS

1,962,250

1,720,529

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,962,150

1,720,429

SHAREHOLDERS' FUNDS

1,962,250

1,720,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 22 March 2019 and were signed by:

J A Taylor - Director

1.	STATUTORY INFORMATION

Taylor-Pressform 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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Income is recognised on completion

of customer order, which is when the invoice is raised.Where a customer places a forward order the sale is

recognised as items are called off.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for its employees, the assets of which are held separately

from those of the company in an independently administered fund. Pension contributions are charged to the

profit and loss account as they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2017

68,521

1,119,164

96,297

11,362

1,295,344

Additions

-

10,735

-

-

10,735

At 30 June 2018

68,521

1,129,899

96,297

11,362

1,306,079

DEPRECIATION

At 1 July 2017

24,661

631,905

89,517

10,882

756,965

Charge for year

1,370

49,799

1,017

120

52,306

At 30 June 2018

26,031

681,704

90,534

11,002

809,271

NET BOOK VALUE

At 30 June 2018

42,490

448,195

5,763

360

496,808

At 30 June 2017

43,860

487,259

6,780

480

538,379

5.

STOCKS

30.6.18

30.6.17

£

£

Stock and work in progress

24,454

22,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

432,137

613,286

Amounts owed by group undertakings

747,913

747,913

Prepayments and accrued income

27,706

27,002

1,207,756

1,388,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

93,503

85,030

Corporation tax

62,173

73,928

Social security and other taxes

50,220

42,997

Other creditors

767

11,180

Directors' current accounts

-

1,121

Accruals and deferred income

16,335

19,491

222,998

233,747

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Taylor.