WHEELDEN_PRINT_LIMITED - Accounts

WHEELDEN PRINT LIMITED - Company Information

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WHEELDEN PRINT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Company Registration No. 02924469 (England and Wales)

WHEELDEN PRINT LIMITED

COMPANY INFORMATION

Directors

Mr P D Minchella

Mr J C Minchella

Mrs Y M Lightowler

Secretary

Mr P D Minchella

Company number

02924469

Registered office

433 Wakefield Road

Bradford

BD4 7LX

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Bankers

Lloyds Bank Plc

45 Hustlergate

Bradford

BD1 1NT

WHEELDEN PRINT LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WHEELDEN PRINT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

265,763

291,306

Current assets

Stocks

3,887

6,094

Debtors

186,376

168,796

Cash at bank and in hand

355

190,618

174,901

Creditors: amounts falling due within one year

(291,849)

(319,425)

Net current liabilities

(101,231)

(144,524)

Total assets less current liabilities

164,532

146,782

Creditors: amounts falling due after more than one year

(31,920)

(25,931)

Provisions for liabilities

(37,396)

(42,747)

95,216

78,104

Capital and reserves

Called up share capital

9,460

Share premium account

20,540

Profit and loss account

65,216

48,104

Shareholders' funds

95,216

78,104

WHEELDEN PRINT LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2015

- 2 -

For the financial year ended 30 September 2015 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 and authorised for issue on 17 March 2016

Mr P D Minchella

Director

Company Registration No. 02924469

WHEELDEN PRINT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

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

20% and 10% Reducing balance

Fixtures, fittings & equipment

20% Reducing balance

Motor vehicles

25% Reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

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

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred tax 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.

WHEELDEN PRINT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

738,580

Additions

32,530

Disposals

(134,511)

At 30 September 2015

636,599

Depreciation

At 1 October 2014

447,274

On disposals

(118,464)

Charge for the year

42,026

At 30 September 2015

370,836

Net book value

At 30 September 2015

265,763

At 30 September 2014

291,306

Share capital

2015

2014

Allotted, called up and fully paid

5,108 B Ordinary shares of £1 each

5,108

2,460 A Ordinary shares of £1 each

2,460

1,892 C Ordinary shares of £1 each

1,892

9,460

The "A" , "B" and "C" Shares rank pari passu with regards to voting rights, distribution of reserves on a winding up of the company and rights to dividends.