Prestige Print (Telford) Limited - Accounts to registrar (filleted) - small 18.2
Prestige Print (Telford) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
FOR |
PRESTIGE PRINT (TELFORD) LIMITED |
PRESTIGE PRINT (TELFORD) LIMITED (REGISTERED NUMBER: 11712447) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 6 |
PRESTIGE PRINT (TELFORD) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
6 Claremont Buildings |
Claremont Bank |
Shrewsbury |
Shropshire |
SY1 1RJ |
PRESTIGE PRINT (TELFORD) LIMITED (REGISTERED NUMBER: 11712447) |
BALANCE SHEET |
31 MARCH 2020 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 and authorised for issue on were signed on its behalf by: |
PRESTIGE PRINT (TELFORD) LIMITED (REGISTERED NUMBER: 11712447) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
1. | STATUTORY INFORMATION |
Prestige Print (Telford) Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. The accounts have been |
prepared on a going concern basis. |
The financial statements are presented in Sterling (£) rounded to the nearest £1. |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised |
at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of |
impairment. Any impairment is recognised in profit and loss. |
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are |
settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to |
another party. |
Basic financial liabilities including trade and other creditors are initially recognised at transaction price and |
subsequently carried at amortised cost. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is |
discharged, cancelled or expires. |
Taxation |
Taxation for the period 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. |
PRESTIGE PRINT (TELFORD) LIMITED (REGISTERED NUMBER: 11712447) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
3. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
Additions |
At 31 March 2020 |
DEPRECIATION |
Charge for period |
At 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
VAT |
PRESTIGE PRINT (TELFORD) LIMITED (REGISTERED NUMBER: 11712447) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5 DECEMBER 2018 TO 31 MARCH 2020 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Pensions |
Accrued expenses |
8. | RELATED PARTY DISCLOSURES |
Prestige Business Forms Limited |
Parent company |
There are no terms as to interest or repayments and the loan is repayable on demand. |
£ |
Amount due to related party at the balance sheet date | 213,053 |
9. | ULTIMATE PARENT COMPANY |
Prestige Business Forms Limited is regarded by the directors as being the companies ultimate parent company. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PRESTIGE PRINT (TELFORD) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Prestige Print (Telford) Limited for the period ended 31 March 2020 which comprise the Income |
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Prestige Print (Telford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prestige Print (Telford) Limited and state those matters that we have agreed to state to the Board of Directors of Prestige Print (Telford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prestige Print (Telford) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Prestige Print (Telford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prestige Print (Telford) Limited. You consider that Prestige Print (Telford) Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Prestige Print (Telford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
6 Claremont Buildings |
Claremont Bank |
Shrewsbury |
Shropshire |
SY1 1RJ |