Abbreviated Company Accounts - PICCOLO PRESS LIMITED

Abbreviated Company Accounts - PICCOLO PRESS LIMITED

PHILLIMORE PRESS LIMITED - Company Information

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Registered Number SC244566

PICCOLO PRESS LIMITED

Abbreviated Accounts

31 March 2016

PICCOLO PRESS LIMITED Registered Number SC244566

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 110,180 105,965
110,180 105,965
Current assets
Stocks 44,536 32,400
Debtors 47,508 83,694
Cash at bank and in hand 13,066 49,841
105,110 165,935
Creditors: amounts falling due within one year (149,500) (153,767)
Net current assets (liabilities) (44,390) 12,168
Total assets less current liabilities 65,790 118,133
Total net assets (liabilities) 65,790 118,133
Capital and reserves
Called up share capital 59,661 59,661
Profit and loss account 6,129 58,472
Shareholders' funds 65,790 118,133
  • 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 2 August 2016

And signed on their behalf by:
Margaret Hendry, Director

PICCOLO PRESS LIMITED Registered Number SC244566

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities 9effective January 2015).

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold - 2% cost
Plant & Machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Fixtures & Fittings - 15% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 241,857
Additions 22,337
Disposals (1,500)
Revaluations -
Transfers -
At 31 March 2016 262,694
Depreciation
At 1 April 2015 135,892
Charge for the year 16,622
On disposals -
At 31 March 2016 152,514
Net book values
At 31 March 2016 110,180
At 31 March 2015 105,965