Colourxpress Limited - Period Ending 2015-08-31
Colourxpress Limited - Period Ending 2015-08-31
Year Ended
Company Registration Number:
Colourxpress Limited
Contents
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Colourxpress Limited
Abbreviated Balance Sheet
31 August 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Colourxpress Limited
Abbreviated Balance Sheet
31 August 2015
......... continued
Approved
by the director on
Mr M P Corran
Director
Company Registration Number: 05248233
2
Colourxpress Limited
Notes to the Abbreviated Accounts
Year Ended
31 August 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Government grants
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Computer equipment |
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Stock and work in progress
Colourxpress Limited
Notes to the Abbreviated Accounts
Year Ended
31 August 2015
......... continued
Deferred tax
Hire purchase and leasing
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 September 2014 |
34,000 |
722,975 |
756,975 |
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Additions |
- |
72,865 |
72,865 |
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Disposals |
- |
(3,000) |
(3,000) |
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At 31 August 2015 |
34,000 |
792,840 |
826,840 |
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Depreciation |
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At 1 September 2014 |
16,095 |
171,148 |
187,243 |
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Charge for the year |
3,400 |
115,726 |
119,126 |
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At 31 August 2015 |
19,495 |
286,874 |
306,369 |
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Net book value |
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At 31 August 2015 |
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At 31 August 2014 |
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Colourxpress Limited
Notes to the Abbreviated Accounts
Year Ended
31 August 2015
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
11,123 |
20,314 |
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Amounts falling due after more than one year |
100,921 |
121,845 |
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Total secured creditors |
112,044 |
142,159 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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Bank loans more than 5 years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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