Inpress Limited - Period Ending 2015-03-31

Registration number: 04537051

Inpress Limited

trading as Inpress Ltd

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015

Inpress Limited
trading as Inpress Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Inpress Limited
trading as Inpress Ltd
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inpress Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Inpress Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Inpress Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inpress Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Inpress Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Inpress Limited. You consider that Inpress 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 accounts of Inpress 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 accounts.

......................................

Heritage Accountancy Limited
Chartered Certified Accountants
76 Front Street
Prudhoe
Northumberland
NE42 5PU

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

Page 1

Inpress Limited
trading as Inpress Ltd
(Registration number: 04537051)
Abbreviated Balance Sheet at 31 March 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		6,297	7,180
Current assets
Debtors		88,544	67,775
Cash at bank and in hand		47,571	47,754
		136,115	115,529
Creditors: Amounts falling due within one year		(90,066)	(70,847)
Net current assets		46,049	44,682
Net assets		52,346	51,862
Capital and reserves
Profit and loss account		52,346	51,862
Shareholders' funds		52,346	51,862

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 17 December 2015 and signed on its behalf by:

.........................................
S O'Neill
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Inpress Limited
trading as Inpress Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of sales, marketing and distribution services to customers.

Other grants

Grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% straight line basis
Website	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Inpress Limited
trading as Inpress Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2014	18,607	18,607
Additions	1,320	1,320
At 31 March 2015	19,927	19,927
Depreciation
At 1 April 2014	11,427	11,427
Charge for the year	2,203	2,203
At 31 March 2015	13,630	13,630
Net book value
At 31 March 2015	6,297	6,297
At 31 March 2014	7,180	7,180

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 4