Citrus Print Solutions Limited,Ltd - Accounts

CITRUS PRINT SOLUTIONS LIMITED - Company Information

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Citrus Print Solutions Limited

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07587753

Contents Page

Citrus Print Solutions Limited

For the year ended 31 March 2016

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Citrus Print Solutions Limited

Chartered Accountants' Report

For the year ended 31 March 2016

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Citrus Print Solutions Limited for the year ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising 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 Citrus Print Solutions Limited, as a body, in accordance with

the terms of our engagement letter dated 27 May 2015. Our work has been undertaken solely to prepare for your

approval the accounts of Citrus Print Solutions Limited and state those matters that we have agreed to state to the

Board of Directors of Citrus Print Solutions Limited, 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 Citrus Print Solutions Limited and its Board of Directors as a body for our work or for this

report.

It is your duty to ensure that Citrus Print Solutions Limited has kept adequate accounting records to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Citrus Print

Solutions Limited. You consider that Citrus Print Solutions 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 Citrus Print Solutions 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.

Bickerstaff & Co

Unit 2 Brewery Court

Sea Lane

Hayle

Cornwall

TR27 4DP

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Abbreviated Balance Sheet

Citrus Print Solutions Limited

As at 31 March 2016

07587753

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

177,415

175,651

177,415

175,651

Current assets

Stocks

8,500

10,500

Debtors

101,249

147,969

Cash at bank and in hand

8,751

32,527

167,220

142,276

Creditors: amounts falling due within one year

(128,491)

(129,568)

13,785

37,652

Net current assets

Total assets less current liabilities

215,067

189,436

Creditors: amounts falling due after more than one year

(143,972)

(118,310)

96,757

Net assets

45,464

Capital and reserves

Called up share capital

1,000

Profit and loss account

95,757

44,464

96,757

45,464

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 05 July 2016

Mr G Leggatt Director

Signed on behalf of the board of directors

Mr B Easterling Director

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Notes to the Abbreviated Financial Statements

Citrus Print Solutions Limited

For the year ended 31 March 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

189,945

At 01 April 2015

4,318

Additions

At 31 March 2016

194,263

Depreciation

14,294

At 01 April 2015

2,554

Charge for year

16,848

At 31 March 2016

Net book values

At 31 March 2016

177,415

175,651

At 31 March 2015

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Notes to the Abbreviated Financial Statements

Citrus Print Solutions Limited

For the year ended 31 March 2016

2015

2016

3 Creditors due after more than one year

118,310

120,932

Bank loans and overdrafts (secured)

23,040

Bank loans and overdraft

118,310

143,972

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