Abbreviated Company Accounts - FLAGSEM PRINT SERVICES LIMITED

FLAGSEM PRINT SERVICES LIMITED - Company Information

05203039 FLAGSEM PRINT SERVICES LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05203039 2014-09-01 2015-08-31 05203039 2015-08-31 05203039 2014-08-31 05203039 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05203039 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05203039

FLAGSEM PRINT SERVICES LIMITED

Abbreviated Accounts

31 August 2015

FLAGSEM PRINT SERVICES LIMITED Registered Number 05203039

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,827	1,304
		1,827	1,304
Current assets
Stocks		14,483	9,483
Debtors		11,919	16,787
Cash at bank and in hand		10,304	7,614
		36,706	33,884
Creditors: amounts falling due within one year		(43,474)	(42,434)
Net current assets (liabilities)		(6,768)	(8,550)
Total assets less current liabilities		(4,941)	(7,246)
Creditors: amounts falling due after more than one year		-	(324)
Total net assets (liabilities)		(4,941)	(7,570)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(4,942)	(7,571)
Shareholders' funds		(4,941)	(7,570)

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 31 May 2016

And signed on their behalf by:
Alan Cherrington, Director

FLAGSEM PRINT SERVICES LIMITED Registered Number 05203039

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

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

Plant and machinery 20% straight line
Motor vehicles 25% straight line

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

2Tangible fixed assets

	£
Cost
At 1 September 2014	8,455
Additions	2,000
Disposals	(2,600)
Revaluations	-
Transfers	-
At 31 August 2015	7,855
Depreciation
At 1 September 2014	7,151
Charge for the year	827
On disposals	(1,950)
At 31 August 2015	6,028
Net book values
At 31 August 2015	1,827
At 31 August 2014	1,304

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1