N C Press Limited - Limited company - abbreviated - 11.9

N C Press Limited - Limited company - abbreviated - 11.9

N.C. PRESS LIMITED - Company Information

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REGISTERED NUMBER: 01399130 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

N C PRESS LIMITED

N C PRESS LIMITED (REGISTERED NUMBER: 01399130)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

N C PRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2015







DIRECTORS: Mr N C Press
Mrs J A Press





SECRETARY: Mrs J A Press





REGISTERED OFFICE: Albany House
3 - 5 New Street
Salisbury
Wiltshire
SP1 2PH





REGISTERED NUMBER: 01399130 (England and Wales)





ACCOUNTANTS: Numeric Accounting Limited
Chartered Certified Accountants
Albany House
5 New Street
Salisbury
Wiltshire
SP1 2PH
Page 1
N C PRESS LIMITED (REGISTERED NUMBER: 01399130)

ABBREVIATED BALANCE SHEET
30 APRIL 2015

30.4.15 30.4.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 307 384
Investments 4 5,461 5,461
Investment property 5 395,000 395,000
400,768 400,845

CURRENT ASSETS
Stocks - 106,136
Debtors 10,399 10,363
Cash at bank 37,343 3,476
47,742 119,975
CREDITORS
Amounts falling due within one year 18,427 68,902
NET CURRENT ASSETS 29,315 51,073
TOTAL ASSETS LESS CURRENT
LIABILITIES
430,083
451,918

CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Revaluation reserve 170,312 170,312
Profit and loss account 249,771 271,606
SHAREHOLDERS' FUNDS 430,083 451,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
N C PRESS LIMITED (REGISTERED NUMBER: 01399130)

ABBREVIATED BALANCE SHEET - continued
30 APRIL 2015


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 6 January 2016 and were signed on its behalf by:




Mr N C Press - Director



Mrs J A Press - Director


The notes form part of these abbreviated accounts

Page 3
N C PRESS LIMITED (REGISTERED NUMBER: 01399130)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
The turnover shown in the profit and loss account represents the value of goods and services provided to
customers during the year, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised
from 1 May 2009 evenly over the remainder of its estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008) no
depreciation is provided in respect of freehold properties held as investments. This is a departure from the
requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are
held for investment and not for consumption and the directors consider that to depreciate them would not give a
true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties
and accordingly the amount of depreciation which might otherwise have been charged cannot be separately
identified or quantified. The directors consider that this policy results in the financial statements giving a true and
fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost includes direct expenditure but no proportion
of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Fixed asset investments
Investments held as fixed assets, other than investment properties, are stated at cost less provision for any
permanent diminution in value.

Page 4 continued...
N C PRESS LIMITED (REGISTERED NUMBER: 01399130)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014
and 30 April 2015 197,215
AMORTISATION
At 1 May 2014
and 30 April 2015 197,215
NET BOOK VALUE

At 30 April 2015 -
At 30 April 2014 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014
and 30 April 2015 1,822
DEPRECIATION
At 1 May 2014 1,438
Charge for year 77
At 30 April 2015 1,515
NET BOOK VALUE
At 30 April 2015 307
At 30 April 2014 384

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 May 2014
and 30 April 2015 5,461
NET BOOK VALUE
At 30 April 2015 5,461
At 30 April 2014 5,461

Page 5 continued...
N C PRESS LIMITED (REGISTERED NUMBER: 01399130)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 APRIL 2015

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 May 2014
and 30 April 2015 395,000
NET BOOK VALUE
At 30 April 2015 395,000
At 30 April 2014 395,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.15 30.4.14
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 6