Accounts filed on 31-12-2013

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			Company registration number:01142229
			OVERPRINT PACKAGING LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 December 2013

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OVERPRINT PACKAGING LTD
BALANCE SHEET
AS AT 31 December 2013
			2013				2012
		Notes	£		£		£		£
FIXED ASSETS
Intangible assets		2			713				951
Tangible assets		3			13,203				16,765
					13,916				17,716
CURRENT ASSETS
Stocks			59,079				43,872
Debtors			121,580				170,552
Cash at bank and in hand			5,191				407
			185,850				214,831
CREDITORS
Amounts falling due within one year			(149,486)				(164,242)
NET CURRENT ASSETS					36,364				50,589
TOTAL ASSETS LESS
CURRENT LIABILITIES					50,280				68,305
Creditors falling due after one year					(767)				(6,423)
PROVISIONS FOR LIABILITIES					(2,551)				(3,219)
NET ASSETS					46,962				58,663
CAPITAL AND RESERVES
Called-up equity share capital		5			50,000				50,000
Profit and loss account					(3,038)				8,663
SHAREHOLDERS FUNDS					46,962				58,663
For the year ending 31 December 2013 the company was entitled to exemption 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 22 September 2014 and signed on its behalf.
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G H Anderson
22 September 2014
The annexed notes form part of these financial statements.

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OVERPRINT PACKAGING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover represents the sales value of design and manufacture of coding equipment.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off using the reducing balance method at 25% per annum.

Foreign currency

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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Tangible fixed assets are stated at cost less depreciation. 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 bases: Plant and machinery - 25% per annum at cost IT equipment - 25% reducing balance Motor vehicles - 25% reducing balance

Stocks and work In progress

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 stocks. Cost includes all direct costs.

Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Pension scheme

The company operates a defined contribution pension scheme and pension contributions are charged to the profit and loss account as incurred.

Going Concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. On this basis the accounts have been prepared on a going concern basis.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			9,500
	At end of period			9,500
	Amortisation
	At start of period			8,549
	Provided during the period			238
	At end of period			8,787
	Net Book Values
	At start of period			951
	At end of period			713

3.	Tangible fixed assets
				Total
	Cost
	At start of period			241,401
	Additions			840
	At end of period			242,241
	Depreciation
	At start of period			224,636
	Provided during the period			4,402
	At end of period			229,038
	Net Book Value
	At start of period			16,765
	At end of period			13,203

4.	Debtors
	Debtors include £9,468 in respect of amounts due after more than one year.

5.	Share capital				Allotted, issued and fully paid
					2013	2012
					£	£
	50,000 Allotted, called up and fully paid				50,000	50,000
	Total issued share capital				50,000	50,000
6.	Transactions with directors
	The company is controlled by the directors. At the balance sheet date the company's indebtedness to the director G Anderson was £21,211 and director K Anderson's indebtedness to the company was £36,220. During the year the company paid dividends of £17,982 to the directors as shareholders as follows: G Anderson £8,991 and K Anderson £8,991. At the time that the dividends were paid the company had sufficient distributable reserves to cover them and the directors are satisfied that the company will make sufficient profits in 2014 to cover the shortfall.