Ray Clarke Design & Print Limited - Period Ending 2016-03-31

Registration number: 04162133

Ray Clarke Design & Print Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

Ray Clarke Design & Print Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ray Clarke Design & Print Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ray Clarke Design & Print Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Ray Clarke Design & Print Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ray Clarke Design & Print Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ray Clarke Design & Print Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ray Clarke Design & Print Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ray Clarke Design & Print Limited. You consider that Ray Clarke Design & Print Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ray Clarke Design & Print Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

23 June 2016

Page 1

Ray Clarke Design & Print Limited
(Registration number: 04162133)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					6,171			7,031
Current assets
Debtors					19,877			31,012
Cash at bank and in hand					38,579			54,666
					58,456			85,678
Creditors: Amounts falling due within one year					(63,978)			(87,427)
Net current liabilities					(5,522)			(1,749)
Net assets					649			5,282
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					549			5,182
Shareholders' funds					649			5,282

For the year ending 31 March 2016 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 23 June 2016 and signed on its behalf by:

.........................................
K L Clarke
Director

.........................................
R Clarke
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Ray Clarke Design & Print Limited
(Registration number: 04162133)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
S Clarke
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Ray Clarke Design & Print Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and machinery	25% on reducing balance

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		95,506			95,506
Additions		1,133			1,133
At 31 March 2016		96,639			96,639
Depreciation
At 1 April 2015		88,475			88,475
Charge for the year		1,993			1,993
At 31 March 2016		90,468			90,468
Net book value
At 31 March 2016		6,171			6,171
At 31 March 2015		7,031			7,031

Page 4

Ray Clarke Design & Print Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Other related party transactions
 
During the year the company made the following related party transactions:

Mr & Mrs Clarke
(Directors)
At the balance sheet date the amount due to Mr & Mrs Clarke was £48,318 (2015 - £57,036).

5

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 5