Quickprint (South West) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04385911 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Quickprint (South West) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

D G Frayne

Mrs A E Frayne

R Frayne

SECRETARY:

Mrs A E Frayne

REGISTERED OFFICE:

Cornerway

Poltimore

Exeter

Devon

EX4 0AR

REGISTERED NUMBER:

04385911 (England and Wales)

ACCOUNTANTS:

Kirk Hills Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

2

80,000

100,000

Tangible assets

3

181,037

141,750

261,037

241,750

CURRENT ASSETS

Stocks

15,398

14,665

Debtors

39,784

50,632

Cash at bank and in hand

2,965

13,957

58,147

79,254

CREDITORS

Amounts falling due within one year

67,597

81,992

NET CURRENT LIABILITIES

(9,450

)

(2,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

251,587

239,012

CREDITORS

Amounts falling due after more than one year

67,745

46,501

NET ASSETS

183,842

192,511

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

183,742

192,411

SHAREHOLDERS' FUNDS

183,842

192,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 20 July 2015 and were signed on its behalf by:

D G Frayne - Director

Mrs A E Frayne - 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 2002, is being amortised evenly over its estimated useful life of five years.

Under the new reporting standard FRS 102, goodwill shall be considered to have a finite useful life and the life

shall not exceed five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 May 2014

and 30 April 2015

100,000

AMORTISATION

Amortisation for year

20,000

At 30 April 2015

20,000

NET BOOK VALUE

At 30 April 2015

80,000

At 30 April 2014

100,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

441,152

Additions

77,834

At 30 April 2015

518,986

DEPRECIATION

At 1 May 2014

299,402

Charge for year

38,547

At 30 April 2015

337,949

NET BOOK VALUE

At 30 April 2015

181,037

At 30 April 2014

141,750

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

45

A Ordinary

1

45

100

(30.4.14 - 100 )

45

B Ordinary

1

45

-

10

C Ordinary

1

10

-

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid £18,000 rent to its directors' Mr D G & Mrs A E Frayne.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Quickprint (South West) Limited for the year ended 30 April 2015 which comprise the Profit and

Loss Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Quickprint (South West) 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 Quickprint (South West) Limited and state those matters that we have agreed to state to the Board of Directors of Quickprint (South West) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quickprint (South West) 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 Quickprint (South West) Limited. You consider that Quickprint (South West) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quickprint (South West)

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.

Kirk Hills Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

Date: .............................................