Company Registration number 05139746
PRINTFORCE NORTHERN LIMITED
Abbreviated Accounts
For the year ended 31 May 2014
PRINTFORCE NORTHERN LIMITED
Financial statements for the year ended 31 May 2014
Contents
Pages
Balance sheet
1
Notes to the financial statements
2
PRINTFORCE NORTHERN LIMITED
Abbreviated balance sheet as at 31 May 2014
2014
2013
Notes
£
£
£
£
£
£
Fixed assets
Tangible assets
11,949
12,364
2
Current assets
Stock
1,850
1,930
Debtors
36,421
57,602
Cash at bank and in hand
27,751
25,786
66,022
85,318
Creditors:
amounts falling due within one year
(42,323)
(51,081)
Net current assets
23,699
34,237
Total assets less current liabilities
35,648
46,601
Capital and reserves
Called up share capital
99
99
3
Profit and loss account
35,549
46,502
Shareholders' funds
35,648
46,601
For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the board of directors on 7 October 2014 and signed on its behalf.
__________________________ J. R. Townsley - Director
Company Registration No: 05139746
The notes on pages 2 to 2 form part of these financial statements.
1
PRINTFORCE NORTHERN LIMITED
Notes to the abbreviated accounts for the year ended 31 May 2014
1
Accounting policies
a)
Basis of accounting
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
b)
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
c)
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Motor vehicles
25% reducing balance
Equipment, fixtures and fittings
15% reducing balance
Plant and machinery
15% reducing balance
Computer equipment
33% straight line
d)
Stocks
Stock and work in progress is valued at the lower of cost and estimated net realisable value.
e)
Hire purchase and lease transactions
Rentals under operating leases are charged to the profit and loss account as they fall due.
2
Fixed assets
Tangible
fixed
assets
£
£
£
Cost:
At 1 June 2013
36,509
Additions
2,228
At 31 May 2014
38,737
Depreciation:
At 1 June 2013
24,145
Provision for the year
2,643
At 31 May 2014
26,788
Net book value:
At 31 May 2014
11,949
At 31 May 2013
12,364
3
Called-up share capital
2014
2013
2014
2013
£
£
£
£
£
£
£
£
£
£
£
£
Allotted, called up and fully paid
Equity shares:
Ordinary shares of £1 each
99
99
2
truefalsetruefalsefalsetruetrue2013-06-01tmp833.html2014-10-10051397462013-06-012014-05-31051397462014-05-31051397462013-05-3105139746uk-bus:Director32013-06-012014-05-3105139746uk-bus:Director12013-06-012014-05-3105139746uk-gaap:MotorVehicles2013-06-012014-05-3105139746uk-gaap:FixturesFittingsToolsEquipment2013-06-012014-05-3105139746uk-gaap:PlantMachinery2013-06-012014-05-3105139746uk-gaap:ComputerEquipment2013-06-012014-05-3105139746uk-bus:OrdinaryShareClass12013-06-012014-05-3105139746uk-bus:OrdinaryShareClass12014-05-3105139746uk-bus:OrdinaryShareClass12013-05-3105139746uk-curr:PoundSterling2013-06-012014-05-31xbrli:purexbrli:sharesiso4217:GBP
