Printwell (North East) Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04809681 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Printwell (North East) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J P Sweeney

Mrs K Sweeney

SECRETARY:

P G Welch

REGISTERED OFFICE:

Unit 42-43 Evans Business Centre

Lingfield Way

Yarm Road Business Park

Darlington

Co. Durham

DL1

4PS

REGISTERED NUMBER:

04809681 (England and Wales)

ACCOUNTANTS:

Blaeford Richardson

Victoria Building

14 Elwin Lane

Darlington

Co. Durham

DL1 5RX

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

63,039

79,299

63,039

79,299

CURRENT ASSETS

Stocks

1,500

Debtors

251,746

328,845

Cash at bank

104,376

69,213

357,622

399,558

CREDITORS

Amounts falling due within one year

4

343,033

405,997

NET CURRENT ASSETS/(LIABILITIES)

14,589

(6,439

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,628

72,860

CREDITORS

Amounts falling due after more than one
year

-

(15,263

)

PROVISIONS FOR LIABILITIES

(10,426

)

(13,183

)

NET ASSETS

67,202

44,414

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

67,102

44,314

SHAREHOLDERS' FUNDS

67,202

44,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 March 2015 and were signed on its behalf by:

J P Sweeney - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

30,000

AMORTISATION

At 1 August 2013

and 31 July 2014

30,000

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

167,617

Additions

5,786

At 31 July 2014

173,403

DEPRECIATION

At 1 August 2013

88,318

Charge for year

22,046

At 31 July 2014

110,364

NET BOOK VALUE

At 31 July 2014

63,039

At 31 July 2013

79,299

4.

CREDITORS

Creditors include an amount of £ 37,739 (31.7.13 - £ 68,230 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

100

Ordinary

£1

100

Printwell (North East) Ltd - Limited company - abbreviated - 11.6

Printwell (North East) Ltd - Limited company - abbreviated - 11.6