Mission Graphics Limited - Accounts to registrar - small 16.3

Mission Graphics Limited - Accounts to registrar - small 16.3

MISSION GRAPHICS LIMITED - Company Information

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REGISTERED NUMBER: 07134037 (England and Wales)















MISSION GRAPHICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016






MISSION GRAPHICS LIMITED (REGISTERED NUMBER: 07134037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


MISSION GRAPHICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: Mr G.B. Havill
Mr R.J. Cooper





REGISTERED OFFICE: 82 Fazeley Street
Digbeth
Birmingham
West Midlands
B5 5RD





REGISTERED NUMBER: 07134037 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MISSION GRAPHICS LIMITED


The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Statement of Financial Position. Readers are cautioned that the Statement of
Comprehensive Income and certain other primary statements and the Report of the Directors are not required to
be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Mission Graphics Limited for the year ended 31 January 2016 which comprise the Statement of
Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Mission Graphics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mission Graphics Limited and state those matters that we have agreed to state to the Board of Directors of Mission Graphics Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mission Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mission Graphics Limited. You consider that Mission Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mission Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


31 October 2016

This page does not form part of the statutory financial statements

Page 2
MISSION GRAPHICS LIMITED (REGISTERED NUMBER: 07134037)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 2 17,473 5,445
Cash at bank 1,436 1,931
18,909 7,376
CREDITORS
Amounts falling due within one year 3 17,740 6,580
NET CURRENT ASSETS 1,169 796
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,169
796

CAPITAL AND RESERVES
Called up share capital 4 2 2
Retained earnings 5 1,167 794
SHAREHOLDERS' FUNDS 1,169 796

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

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

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 October 2016 and were signed on its behalf by:




Mr R.J. Cooper - Director



Mr G.B. Havill - Director


The notes form part of these financial statements

Page 3
MISSION GRAPHICS LIMITED (REGISTERED NUMBER: 07134037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements,
as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

• the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

2. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 1,942 126
Other debtors 15,531 5,319
17,473 5,445

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 881 881
Taxation and social security 6,319 5,174
Other creditors 10,540 525
17,740 6,580

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1.00 2 2

Page 4 continued...
MISSION GRAPHICS LIMITED (REGISTERED NUMBER: 07134037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


5. RESERVES
Retained
earnings
£   

At 1 February 2015 794
Profit for the year 10,373
Dividends (10,000 )
At 31 January 2016 1,167

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2016 and
31 January 2015:

2016 2015
£    £   
Mr R.J. Cooper
Balance outstanding at start of year 5,319 6,240
Amounts advanced 15,523 23,504
Amounts repaid (15,312 ) (24,425 )
Balance outstanding at end of year 5,530 5,319

During the year there were no dividends (2015:£10,500).

7. ULTIMATE CONTROLLING PARTY

No one individual is able to exercise their control over the company.

8. COMPANY INFORMATION

The company is a private limited company incorporated in England and Wales.

9. FIRST YEAR ADOPTION

No adjustments to the values included in the financial statements were required on transition to Financial
Reporting Standard 102 "the Financial Reporting Standard applicable in the UK and Republic of Ireland".


Page 5