Active Print Solutions Limited - Period Ending 2015-09-30

Registration number: 04910280

Active Print Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

HPH
Chartered Accountants
21 Victoria Avenue
Harrogate
North Yorkshire
HG1 5RD

Active Print Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Active Print Solutions Limited
(Registration number: 04910280)
Abbreviated Balance Sheet - UNAUDITED - at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			26,438			32,985
Current assets
Stocks					3,304			5,348
Debtors					86,357			60,801
Cash at bank and in hand					96			3,174
					89,757			69,323
Creditors: Amounts falling due within one year					(55,356)			(41,241)
Net current assets					34,401			28,082
Total assets less current liabilities					60,839			61,067
Provisions for liabilities					(4,718)			(5,903)
Net assets					£56,121			£55,164
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					56,021			55,064
Shareholders' funds					£56,121			£55,164

For the year ending 30 September 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 31 March 2016 and signed on its behalf by:

.........................................
M. J. Rhodes
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Active Print Solutions Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Year Ended 30 September 2015
......... 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 April 2008).

Going concern

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods 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	20% reducing balance
Computer equipment	3 years straight line basis
Fixtures and fittings	20% reducing balance
Motor vehicles	25% reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Active Print Solutions Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Year Ended 30 September 2015
......... continued

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 October 2014		158,605			158,605
Additions		420			420
Disposals		(474)			(474)
At 30 September 2015		158,551			158,551
Depreciation
At 1 October 2014		125,620			125,620
Charge for the year		6,724			6,724
Eliminated on disposals		(231)			(231)
At 30 September 2015		132,113			132,113
Net book value
At 30 September 2015		£26,438			£26,438
At 30 September 2014		£32,985			£32,985

3	Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary shares of £1.00 each	100	£100	100	£100

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