Findhorn Press Limited - Accounts to registrar - small 16.1.1
Findhorn Press Limited - Accounts to registrar - small 16.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2016 |
| for |
| Findhorn Press Limited |
| Findhorn Press Limited (Registered number: SC185171) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Findhorn Press Limited |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Findhorn Press Limited (Registered number: SC185171) |
| Balance Sheet |
| 30 June 2016 |
| 30.6.16 | 30.6.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium | 8 |
| Profit and loss account | 8 | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| Findhorn Press Limited (Registered number: SC185171) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director expects that trading over the next twelve months will generate positive cash flows and has therefore |
| continued to adopt the going concern basis of preparing the financial statements. |
| 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 includes sales and royalty income, all arising on ordinary activities. |
| Turnover relating to the sales of books, music, videos and similar items is recognised on net sales of goods, |
| excluding value added tax. |
| Turnover relating to royalty income is recognised on net receipts, excluding value added tax. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Findhorn Press Limited (Registered number: SC185171) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2015 |
| and 30 June 2016 |
| AMORTISATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2015 |
| and 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.16 | 30.6.15 |
| £ | £ |
| Trade debtors | 226,465 | 197,664 |
| Other debtors | 6,590 | 7,055 |
| Findhorn Press Limited (Registered number: SC185171) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2016 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.16 | 30.6.15 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.6.16 | 30.6.15 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Other loans |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 8. | RESERVES |
| Profit |
| and loss | Share |
| account | premium | Totals |
| £ | £ | £ |
| At 1 July 2015 | ( |
) |
| Profit for the year |
| At 30 June 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| Director & shareholder |
| During the year T J P Bogliolo was repaid £nil (2015: £nil) of his unsecured, interest free, repayable on demand |
| loans. |
| 30.6.16 | 30.6.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |