North Parade Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04218112 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

North Parade Publishing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R Hicks

A D Hicks

SECRETARY:

REGISTERED OFFICE:

4 North Parade

Bath

BA1 1LF

REGISTERED NUMBER:

04218112 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

114,156

111,842

CURRENT ASSETS

Inventories

1,033,120

890,233

Debtors

5

1,300,966

693,504

Cash at bank and in hand

106,015

62,175

2,440,101

1,645,912

CREDITORS

Amounts falling due within one year

6

1,983,200

1,357,991

NET CURRENT ASSETS

456,901

287,921

TOTAL ASSETS LESS CURRENT LIABILITIES

571,057

399,763

PROVISIONS FOR LIABILITIES

19,357

20,124

NET ASSETS

551,700

379,639

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

548,700

376,639

551,700

379,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 by the Board of Directors on 30 January 2020 and were signed on its behalf by:

P R Hicks - Director

1.	STATUTORY INFORMATION

North Parade Publishing 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.

Turnover

Revenue 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 etc

-

33% on cost and 10% on cost

Stocks

Inventories 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2018

-

186,695

186,695

Additions

2,151

18,741

20,892

At 30 April 2019

2,151

205,436

207,587

DEPRECIATION

At 1 May 2018

-

74,853

74,853

Charge for year

(25

)

18,603

18,578

At 30 April 2019

(25

)

93,456

93,431

NET BOOK VALUE

At 30 April 2019

2,176

111,980

114,156

At 30 April 2018

-

111,842

111,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

1,084,311

644,945

Amounts owed by group undertakings

107,704

-

Other debtors

108,951

48,559

1,300,966

693,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

1,058,586

761,475

Amounts owed to group undertakings

1,705

58,332

Taxation and social security

36,732

22,399

Other creditors

886,177

515,785

1,983,200

1,357,991

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Trade creditors

1,033,588

196,261

There is an all asset debenture giving a fixed and floating charge over the undertaking and all assets of the

company.