Image Signs & Print Ltd,Ltd - Accounts

IMAGE SIGNS & PRINT LTD - Company Information

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Image Signs & Print Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08006336

Contents Page

Image Signs & Print Ltd

For the year ended 31 March 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Image Signs & Print Ltd

Accountants' Report

For the year ended 31 March 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Blackrock Business & Consultancy Services Ltd

13 Fitzwalter Road

Caldicot

Monmouthshire

NP26 5DA

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Abbreviated Balance Sheet

Image Signs & Print Ltd

As at 31 March 2016

08006336

Registered Number :

2016

Notes

2015

Fixed assets

Intangible assets

2,120

4,240

Tangible assets

11,772

14,319

13,892

18,559

Current assets

Stocks

5,000

Debtors

25,174

23,990

Cash at bank and in hand

1,447

28,990

31,621

Creditors: amounts falling due within one year

(42,664)

(40,025)

(11,043)

(11,035)

Net current liabilities

Total assets less current liabilities

2,857

7,516

2,857

Net assets

7,516

Capital and reserves

Called up share capital

100

Profit and loss account

2,757

7,416

2,857

7,516

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 23 May 2016

Steven Hastings Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Image Signs & Print Ltd

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

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

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 5 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25 Reducing balance

Computer Equipment

25 Reducing balance

Motor Vehicles

25 Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

Image Signs & Print Ltd

For the year ended 31 March 2016

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 April 2015

10,600

At 31 March 2016

Amortisation

6,360

At 01 April 2015

2,120

Charge for year

8,480

At 31 March 2016

2,120

Net Book Values

At 31 March 2016

4,240

At 31 March 2015

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

24,081

At 01 April 2015

562

Additions

At 31 March 2016

24,643

Depreciation

9,762

At 01 April 2015

3,109

Charge for year

12,871

At 31 March 2016

Net book values

At 31 March 2016

11,772

14,319

At 31 March 2015

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