Abbreviated Company Accounts - PICCOLO PRESS LIMITED

Abbreviated Company Accounts - PICCOLO PRESS LIMITED

PHILLIMORE PRESS LIMITED - Company Information

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Registered Number SC244566

PICCOLO PRESS LIMITED

Abbreviated Accounts

31 March 2015

PICCOLO PRESS LIMITED Registered Number SC244566

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 105,965 114,523
105,965 114,523
Current assets
Stocks 32,400 37,205
Debtors 83,694 55,002
Cash at bank and in hand 49,841 78,893
165,935 171,100
Creditors: amounts falling due within one year (153,767) (135,556)
Net current assets (liabilities) 12,168 35,544
Total assets less current liabilities 118,133 150,067
Total net assets (liabilities) 118,133 150,067
Capital and reserves
Called up share capital 59,661 9,661
Revaluation reserve 77,580 77,580
Profit and loss account (19,108) 62,826
Shareholders' funds 118,133 150,067
  • For the year ending 31 March 2015 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 26 October 2015

And signed on their behalf by:
M A HENDRY, Director

PICCOLO PRESS LIMITED Registered Number SC244566

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and Buildings - 2% on cost
Plant & machinery - 15% reducing balance
Fixtures, fittings and Equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2014 234,044
Additions 7,813
Disposals -
Revaluations -
Transfers -
At 31 March 2015 241,857
Depreciation
At 1 April 2014 119,521
Charge for the year 16,371
On disposals -
At 31 March 2015 135,892
Net book values
At 31 March 2015 105,965
At 31 March 2014 114,523