Grafica Studios Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08288654 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

GRAFICA STUDIOS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D A Jones

Mr K E Lane

SECRETARY:

Mr K E Lane

REGISTERED OFFICE:

Unit 6

Broadstone Business Centre

13B Moor Road

Broadstone

Dorset

BH18 8AZ

REGISTERED NUMBER:

08288654 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

& Statutory Auditors

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Tangible assets

2

806

1,074

CURRENT ASSETS

Stocks

-

100

Debtors

1,043

599

Cash at bank

6,173

5,376

7,216

6,075

CREDITORS

Amounts falling due within one year

(1,065

)

(437

)

NET CURRENT ASSETS

6,151

5,638

TOTAL ASSETS LESS CURRENT LIABILITIES

6,957

6,712

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

(3,043

)

(3,288

)

SHAREHOLDERS' FUNDS

6,957

6,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 June 2016 and were signed on its behalf by:

Mr D A Jones - Director

Mr K E Lane - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods and services supplied by the company during the year, excluding value

added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

1,910

DEPRECIATION

At 1 December 2014

836

Charge for year

268

At 30 November 2015

1,104

NET BOOK VALUE

At 30 November 2015

806

At 30 November 2014

1,074

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

£1

10,000