Accounts filed on 31-10-2015
Accounts filed on 31-10-2015
trueOrigin Print Solutions Limited055352632015-10-31389327312161389447312281120120389447312281389447312281365454252439165542155132530996407571207242130089521883834527156623913723993598422399359842Basis of accounting
The financial statements have been prepared under the historical cost convention, 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 amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Leasing and hire purchase commitments
Assets held under finance leases, which are leases where substantially all the risks and rewards
of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised
in the balance sheet and are depreciated over their useful lives. The capital elements of future
obligations under the leases and hire purchase contracts are included as liabilities in the balance
sheet.
The interest elements of the rental obligations are charged in the profit and loss account over the
periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.0000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
73112103112-3000049119432707685-183673112103112-300004911943270-18367685100 Ordinary100110010010 Non-voting 'A'101101010 Non-voting 'B'1011010100 Ordinary110010010010 Non-voting 'A'110101010 Non-voting 'B'1101010Director's current accountsThe directors' loan account was overdrawn at the year end. The loan taken is interest free and repayable on demand.Balance sheet Spare note 99 (user defined)Controlling interest
The company was controlled throughout the year by the director, who owns 100% of the voting share capital.2016-01-21S Averytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOrigin Print Solutions Limited2014-11-012015-10-31Origin Print Solutions Limited2013-11-012014-10-31Origin Print Solutions Limited2013-10-31Origin Print Solutions Limited2014-10-31Origin Print Solutions Limited2014-10-31Origin Print Solutions Limited2015-10-31 2016-01-25
