R. & E. Presswork Limited - Abbreviated accounts 16.3
R. & E. Presswork Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2016 |
| for |
| R. & E. Presswork Limited |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| R. & E. Presswork Limited |
| Company Information |
| for the Year Ended 30 June 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Abbreviated Balance Sheet - continued |
| 30 June 2016 |
| The financial statements were approved by the Board of Directors on by: |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2016 |
| 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 |
| Freehold property | - |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Depreciation of the freehold property will commence from 1 July 2016. |
| 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. |
| 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. |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| Additions |
| At 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 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 157,380 | 88,188 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 410 | 410 |
| During the year ended 30 June 2015 the following share reclassifications were undertaken: |
| Ordinary 'C' shares were reclassified as ordinary 'A' shares. |
| Ordinary 'E' shares were reclassified as ordinary 'B' shares. |
| 5. | ULTIMATE PARENT COMPANY |
| company. |
| R. & E. Presswork Limited (Registered number: 01707067) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2016 |
| 6. | RELATED PARTY DISCLOSURES |
| Bert Frank Limited |
| A company in which Mr A J Yeats is a director and shareholder |
| At the 30 June 2016, there was an amount due from Bert Frank Limited included in other debtors in the sum of |
| £9,710 (2015 - £33,846). |
| R & E Presswork (Holdings) Limited |
| Holding company |
| At the 30 June 2016, there was an amount due from R & E Presswork (Holdings) Limited in the sum of £4,020 |
| (2015 - £0). |
| JA & Co London Limited |
| A company in which Mr A J Yeats is a director and shareholder |
| At the 30 June 2016, there was an amount due from JA & Co London Limited included in other debtors in the |
| sum of £1,704. |
| The company sold goods to JA & Co London Limited in the sum of £16,386. All transactions are on a normal |
| trading basis. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| R. & E. Presswork Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of R. & E. Presswork Limited for the year ended 30 June 2016 which comprise the Profit and Loss |
| Account, the Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of R. & E. Presswork 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 R. & E. Presswork Limited and state those matters that we have agreed to state to the Board of Directors of R. & E. Presswork Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R. & E. Presswork Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that R. & E. Presswork 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 R. & E. Presswork Limited. You consider that R. & E. Presswork 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 R. & E. Presswork 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. |
| 22 November 2016 |