Glisson Printers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02662298 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GLISSON PRINTERS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Boyce

K Edkins

C R Rosenstiel

R L Znajek

N Mayer-Hutchings

SECRETARY:

R L Znajek

REGISTERED OFFICE:

16 Signet Court,

Swann's Road

Cambridge

Cambridgeshire

CB5 8LA

REGISTERED NUMBER:

02662298 (England and Wales)

ACCOUNTANTS:

S J Kilshaw Partners

11c Kings Parade

Cambridge

CB2 1SJ

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 three to four)

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 Glisson Printers Limited for the year ended 31 December 2014 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 Glisson Printers 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 Glisson Printers Limited and state those matters that we have agreed to state to the Board of Directors of Glisson Printers 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 Glisson Printers 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 Glisson Printers Limited. You consider that Glisson Printers 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 Glisson Printers 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.

S J Kilshaw Partners

11c Kings Parade

Cambridge

CB2 1SJ

11 September 2015

FIXED ASSETS

Tangible assets

2

10,760

11,831

CURRENT ASSETS

Stocks

1,302

2,037

Debtors

146

2,452

Cash at bank

6,823

3,317

8,271

7,806

CREDITORS

Amounts falling due within one year

929

842

NET CURRENT ASSETS

7,342

6,964

TOTAL ASSETS LESS CURRENT LIABILITIES

18,102

18,795

CAPITAL AND RESERVES

Called up share capital

3

2,250

2,750

Share premium

293

293

Capital redemption reserve

1,750

1,250

Profit and loss account

13,809

14,502

SHAREHOLDERS' FUNDS

18,102

18,795

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 September 2015 and were signed on its behalf by:

R L Znajek - 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.

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

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

47,871

Additions

1,620

At 31 December 2014

49,491

DEPRECIATION

At 1 January 2014

36,040

Charge for year

2,691

At 31 December 2014

38,731

NET BOOK VALUE

At 31 December 2014

10,760

At 31 December 2013

11,831

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2,250

Ordinary

£1

2,250

2,750

(31.12.13 - 2,500 )