Cascade Print Systems Limited - Abbreviated accounts

CASCADE BUSINESS SUPPLIES LIMITED - Company Information

Registered number

07275071

Cascade Print Systems Limited

Abbreviated Accounts

31 December 2015

Cascade Print Systems Limited
Registered number:		07275071
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		14,182			15,670
Investments	3		1			1
			14,183			15,671

Current assets
Stocks		5,210			5,149
Debtors		463,498			377,739
Cash at bank and in hand		1,894			16,069
		470,602			398,957

Creditors: amounts falling due within one year		(403,583)			(343,701)

Net current assets			67,019			55,256

Net assets			81,202			70,927

Capital and reserves
Called up share capital	4		2			2
Profit and loss account			81,200			70,925

Shareholders' funds			81,202			70,927

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr. D. Williams
Director
Approved by the board on 25 February 2016

Cascade Print Systems Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% straight line

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

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					34,189
	Additions					3,464
	At 31 December 2015					37,653

	Depreciation
	At 1 January 2015					18,519
	Charge for the year					4,952
	At 31 December 2015					23,471

	Net book value
	At 31 December 2015					14,182
	At 31 December 2014					15,670


3	Investments					£

	Cost
	At 1 January 2015					1

	At 31 December 2015					1

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	Priory Print & Stationery Ltd	Ordinary		100		(359,575)		(134,895)

4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2