1 Stop Print Limited - Period Ending 2018-03-31

Registration number: 06554958

1 Stop Print Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Tahas
Certified Accountants & Tax Advisors
Suite 2
4 Town Quay Wharaf
Abbey Road
Barking
Essex
IG11 7BZ

1 Stop Print Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
1 Stop Print Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1 Stop Print Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of 1 Stop Print Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 1 Stop Print Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1 Stop Print Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 1 Stop Print Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 1 Stop Print Limited. You consider that 1 Stop Print 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 accounts of 1 Stop Print 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 accounts.

......................................

Tahas
Certified Accountants & Tax Advisors
Suite 2
4 Town Quay Wharaf
Abbey Road
Barking
Essex
IG11 7BZ

12 December 2016

Page 1

1 Stop Print Limited
(Registration number: 06554958)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					29,680			36,352
Current assets
Stocks					3,151			5,154
Debtors					98,634			76,610
Cash at bank and in hand					52,682			39,177
					154,467			120,941
Creditors: Amounts falling due within one year					(147,879)			(84,983)
Net current assets					6,588			35,958
Total assets less current liabilities					36,268			72,310
Creditors: Amounts falling due after more than one year					(22,500)			(22,500)
Net assets					13,768			49,810
Capital and reserves
Called up share capital		4			1,006			1,006
Profit and loss account					12,762			48,804
Shareholders' funds					13,768			49,810

For the year ending 31 March 2016 the company was entitled to exemption under 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 accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 December 2016 and signed on its behalf by:

.........................................
Mr Bachan Singh Rajvanshi
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

1 Stop Print Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows;

Asset class	Depreciation method and rate
Plant and Machinery	25 % on cost
Furniture & Fittings	15% on cost
Motor Vehicle	25% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

1 Stop Print Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		16,500			76,797			93,297
Additions		-			1,675			1,675
At 31 March 2016		16,500			78,472			94,972
Depreciation
At 1 April 2015		16,500			40,445			56,945
Charge for the year		-			8,347			8,347
At 31 March 2016		16,500			48,792			65,292
Net book value
At 31 March 2016		-			29,680			29,680
At 31 March 2015		-			36,352			36,352

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		22,500			22,500

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordianry of £1 each		1,000			1,000			1,000			1,000
Class A - F of £1 each		6			6			6			6
		1,006			1,006			1,006			1,006

Page 4