Press-Form Machinery Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09479504 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 9 MARCH 2015 TO 31 MARCH 2016

FOR

PRESS-FORM MACHINERY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Meachen

REGISTERED OFFICE:

42 Huddersfield Road

Barnsley

South Yorkshire

S75 1DW

REGISTERED NUMBER:

09479504 (England and Wales)

ACCOUNTANTS:

Cameron Alexander Accountants Limited

Chartered Certified Accountants

42 Huddersfield Road

Barnsley

South Yorkshire

S75 1DW

FIXED ASSETS

Tangible assets

2

37,247

CURRENT ASSETS

Stocks

53,038

Debtors

127,232

Cash at bank and in hand

11,430

191,700

CREDITORS

Amounts falling due within one year

175,280

NET CURRENT ASSETS

16,420

TOTAL ASSETS LESS CURRENT LIABILITIES

53,667

PROVISIONS FOR LIABILITIES

7,449

NET ASSETS

46,218

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

46,217

SHAREHOLDERS' FUNDS

46,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 August 2016 and were signed by:

A Meachen - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

38,255

At 31 March 2016

38,255

DEPRECIATION

Charge for period

1,008

At 31 March 2016

1,008

NET BOOK VALUE

At 31 March 2016

37,247

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1.00

1

1 Ordinary share of 1.00 was allotted and fully paid for cash at par during the period.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES