PRESSGANG_REPROGRAPHICS_L - Accounts

PRESSGANG REPROGRAPHICS LIMITED - Company Information

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Company Registration No. 04063940 (England and Wales)

PRESSGANG REPROGRAPHICS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PRESSGANG REPROGRAPHICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

4,000

5,000

Tangible assets

6,820

6,226

10,820

11,226

Current assets

Stocks

14,605

35,720

Debtors

121,694

70,341

Cash at bank and in hand

48,333

40,275

184,632

146,336

Creditors: amounts falling due within one year

(69,430)

(82,983)

Net current assets

115,202

63,353

Total assets less current liabilities

126,022

74,579

Provisions for liabilities

(1,364)

(1,245)

124,658

73,334

Capital and reserves

Called up share capital

100

Profit and loss account

124,558

73,234

Shareholders' funds

124,658

73,334

PRESSGANG REPROGRAPHICS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 September 2014

R Ireland

Director

Company Registration No. 04063940

PRESSGANG REPROGRAPHICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

25% reducing balance

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PRESSGANG REPROGRAPHICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

10,000

10,785

20,785

Additions

3,312

Disposals

(1,729)

At 31 March 2014

10,000

12,368

22,368

Depreciation

At 1 April 2013

5,000

4,559

9,559

On disposals

(1,285)

Charge for the year

1,000

2,274

3,274

At 31 March 2014

6,000

5,548

11,548

Net book value

At 31 March 2014

4,000

6,820

10,820

At 31 March 2013

5,000

6,226

11,226

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100