Textureprint Limited - Accounts to registrar (filleted) - small 18.2

Textureprint Limited - Accounts to registrar (filleted) - small 18.2

TEXTUREPRINT LIMITED - Company Information

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REGISTERED NUMBER: 06745890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Textureprint Limited
Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ








Textureprint Limited (Registered number: 06745890)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Textureprint Limited

Company Information
for the Year Ended 31 March 2019







DIRECTOR: Mr S Lloyd





REGISTERED OFFICE: 1 Bertram Close
Wirral
CH47 0JY





REGISTERED NUMBER: 06745890 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ
Page 1
Textureprint Limited (Registered number: 06745890)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,294 17,022

CURRENT ASSETS
Stocks - 37,818
Debtors 5 963,872 903,488
Cash at bank 236,922 174,541
1,200,794 1,115,847
CREDITORS
Amounts falling due within one year 6 78,827 68,966
NET CURRENT ASSETS 1,121,967 1,046,881
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,147,261
1,063,903

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 1,147,161 1,063,803
SHAREHOLDERS' FUNDS 1,147,261 1,063,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 9 December 2019 and were signed by:





Mr S Lloyd - Director


The notes form part of these financial statements

Page 2
Textureprint Limited (Registered number: 06745890)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Textureprint 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.

Significant judgements and estimates
There are no key assumptions concerning the future, and other key sources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 25% reducing balance

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice
of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair
value, net of transaction costs and are measured subsequently at amortised cost using the effective interest
method.

Financial instruments
The group only enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other debtors and creditors and directors loan accounts (being repayable on demand).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

Page 3 continued...
Textureprint Limited (Registered number: 06745890)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2018 81,984
Additions 16,704
At 31 March 2019 98,688
DEPRECIATION
At 1 April 2018 64,962
Charge for year 8,432
At 31 March 2019 73,394
NET BOOK VALUE
At 31 March 2019 25,294
At 31 March 2018 17,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 125,110 65,344
Other debtors 837,712 837,917
Prepayments and accrued income 1,050 227
963,872 903,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade creditors 8,783 37,492
Tax 27,598 10,804
Social security and other taxes 779 854
VAT 18,205 200
Accrued expenses 23,462 19,616
78,827 68,966

7. RESERVES

Retained earnings - Includes all current and prior period retained profits and losses.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,595 (2018 - £100,000) were paid to the director .

Page 4 continued...
Textureprint Limited (Registered number: 06745890)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

8. RELATED PARTY DISCLOSURES - continued

Mr G Lloyd, the father of Mr S Lloyd, a director and shareholder in the company, is a director and shareholder
of L&R Roadlines Limited. During the year the company made sales of £191,826 (2018 - £80,671) to L&R
Roadlines Limited. At the year end a balance of £3,540 (2018 - £9,600) was due from L&R Roadlines Limited.

Mr S Lloyd is also a director and shareholder of Hitex Traffic Safety Limited. During the year the company
made purchases of £157,842 (2018 - £81,844) from Hitex Traffic Safety Limited. A rental charge of £Nil (2018
- £4,500) was also invoiced to Hitex Traffic Safety Limited during the year. At the year end a net balance of
£404,033 (2018 - £380,977) was due from Hitex Traffic Safety Limited.

Mr S Lloyd is also a director and Shareholder of Texprint Surfacing Limited. At the year end a net balance of
£379,236 (2018 - £379,236 ) was due from Texprint Surfacing Limited.

Mr S Lloyd is also a director and Shareholder of Somerford Equipment Limited. During the year the company
made purchases of £7,248 from Somerford Equipment Limited (2018 - £3,828). At the year end a net balance
of £49,275 (2018 - £45,555) was due from Somerford Equipment Limited.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the shareholder, Mr S Lloyd.

Page 5