Printclaim Brumwell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03070606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

PRINTCLAIM BRUMWELL LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr S C Westrip

Mrs C R Westrip

SECRETARY:

Mrs C R Westrip

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

03070606 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

BANKERS:

National Westminister Bank plc

City of London Offices

P.O. Box 12258

1 Princes Street

London

EC2R 8PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

132

262

132

262

CURRENT ASSETS

Stocks

-

722

Debtors

6

11,610

19,332

Cash at bank and in hand

9,238

5,286

20,848

25,340

CREDITORS

Amounts falling due within one year

7

22,968

25,234

NET CURRENT (LIABILITIES)/ASSETS

(2,120

)

106

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,988

)

368

CAPITAL AND RESERVES

Called up share capital

8

389

389

Capital redemption reserve

611

611

Retained earnings

(2,988

)

(632

)

SHAREHOLDERS' FUNDS

(1,988

)

368

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 30th May 2019 and were signed on its behalf by:

Mr S C Westrip - Director

1.	STATUTORY INFORMATION

Printclaim Brumwell 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 company has prepared its accounts on the going concern basis despite net liabilities, as the director has

indicated that at the date of signing these accounts he will continue to support the company for at least the next

year.

Turnover

Turnover represents amounts in respect of work done during the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised

evenly over its estimated useful life of two years.

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.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2017

and 31st August 2018

9,500

AMORTISATION

At 1st September 2017

and 31st August 2018

9,500

NET BOOK VALUE

At 31st August 2018

-

At 31st August 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2017

and 31st August 2018

3,778

DEPRECIATION

At 1st September 2017

3,516

Charge for year

130

At 31st August 2018

3,646

NET BOOK VALUE

At 31st August 2018

132

At 31st August 2017

262

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

8,798

16,601

Other debtors

2,812

2,731

11,610

19,332

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

4,706

3,146

Taxation and social security

812

821

Other creditors

17,450

21,267

22,968

25,234

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

389

Ordinary

£1

389

389

9.	OTHER FINANCIAL COMMITMENTS

The company operates client bank accounts in respect of transactions which it undertakes as an agent for clients.

The relevant amounts at 31st August 2018 and 2017, which are not included in the Balance Sheet, were as

follows:-

2018

2017

£

£

Client Account Assets

Amounts due from customers

-

11,509

Cash held in client bank account

-

3,676

-

15,185

Current Account Liabilities

Liabilities to clients

-

15,185

-

15,185

If the Client Account Assets prove to be insufficient to pay the Client Account Liabilities, then the company's

own assets would have to be used to meet any shortfall.