Principia Publishing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07994934 (England and Wales)

PRINCIPIA PUBLISHING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

R J Foulston

Mrs E J Foulston

SECRETARY:

Mrs E J Foulston

REGISTERED OFFICE:

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

REGISTERED NUMBER:

07994934 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

1,175

1,567

CURRENT ASSETS

Inventories

3,076

4,822

Debtors

5

3,529

4,181

Cash at bank

6,638

11,624

13,243

20,627

CREDITORS

Amounts falling due within one year

6

6,904

7,030

NET CURRENT ASSETS

6,339

13,597

TOTAL ASSETS LESS CURRENT LIABILITIES

7,514

15,164

CAPITAL AND RESERVES

Called up share capital

7

100

100

Share premium

14,994

14,994

Retained earnings

(7,580

)

70

SHAREHOLDERS' FUNDS

7,514

15,164

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 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 20 December 2019 and were signed on its behalf by:

R J Foulston - Director

Mrs E J Foulston - Director

1.	STATUTORY INFORMATION

Principia Publishing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Property, plant and equipment

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

Plant and machinery etc

-

20% on cost

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

1,959

DEPRECIATION

At 1 April 2018

392

Charge for year

392

At 31 March 2019

784

NET BOOK VALUE

At 31 March 2019

1,175

At 31 March 2018

1,567

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,147

3,801

Other debtors

382

380

3,529

4,181

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

710

643

Trade creditors

5,363

3,866

Other taxes and social security

-

230

Other creditors

809

1,694

Directors' current accounts

22

597

6,904

7,030

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100