Abbreviated Company Accounts - PRINTER SOLUTIONS (UK) LIMITED

PRINTER SOLUTIONS (UK) LIMITED - Company Information

05986373 PRINTER SOLUTIONS (UK) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05986373 2014-01-01 2014-12-31 05986373 2014-12-31 05986373 2013-12-31 05986373 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05986373 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05986373

PRINTER SOLUTIONS (UK) LIMITED

Abbreviated Accounts

31 December 2014

PRINTER SOLUTIONS (UK) LIMITED Registered Number 05986373

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	248,016	19,862
		248,016	19,862
Current assets
Stocks		153,870	169,880
Debtors		182,118	309,721
Cash at bank and in hand		238,726	187,874
		574,714	667,475
Creditors: amounts falling due within one year	3	(77,870)	(106,274)
Net current assets (liabilities)		496,844	561,201
Total assets less current liabilities		744,860	581,063
Creditors: amounts falling due after more than one year	3	(115,000)	-
Total net assets (liabilities)		629,860	581,063
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		629,760	580,963
Shareholders' funds		629,860	581,063

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2015

And signed on their behalf by:
J Butterworth, Director

PRINTER SOLUTIONS (UK) LIMITED Registered Number 05986373

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Computer equipment - straight line over 3 years

No depreciation is provided on investment property as the value of the property is expected to increase.

2Tangible fixed assets

	£
Cost
At 1 January 2014	42,125
Additions	233,361
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	275,486
Depreciation
At 1 January 2014	22,263
Charge for the year	5,207
On disposals	-
At 31 December 2014	27,470
Net book values
At 31 December 2014	248,016
At 31 December 2013	19,862

3Creditors

	2014 £	2013 £
Non-instalment debts due after 5 years	115,000	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100