Technique Print Group Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03887452

TECHNIQUE PRINT GROUP LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

621,336

690,430

Investments

4

100

100

621,436

690,530

CURRENT ASSETS

Stocks

21,643

15,992

Debtors

845,514

641,501

Cash at bank and in hand

11,624

6,063

878,781

663,556

CREDITORS

Amounts falling due within one year

874,059

627,463

NET CURRENT ASSETS

4,722

36,093

TOTAL ASSETS LESS CURRENT LIABILITIES

626,158

726,623

CREDITORS

Amounts falling due after more than one year

(118,522

)

(229,704

)

PROVISIONS FOR LIABILITIES

(79,804

)

(87,657

)

NET ASSETS

427,832

409,262

CAPITAL AND RESERVES

Called up share capital

5

220

220

Profit and loss account

427,612

409,042

SHAREHOLDERS' FUNDS

427,832

409,262

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2016 and were signed on its behalf by:

M R Foster - Director

K D Smith - Director

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Directors' pension schemes

The company makes contributions to the personal pension schemes of the two directors.

The contributions are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

18,324

AMORTISATION

At 1 April 2015

and 31 March 2016

18,324

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,248,717

Additions

25,298

Disposals

(28,333

)

At 31 March 2016

1,245,682

DEPRECIATION

At 1 April 2015

558,287

Charge for year

88,630

Eliminated on disposal

(22,571

)

At 31 March 2016

624,346

NET BOOK VALUE

At 31 March 2016

621,336

At 31 March 2015

690,430

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

100

NET BOOK VALUE

At 31 March 2016

100

At 31 March 2015

100

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Technique Studios Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

100

100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

'A' Ordinary

£1

100

100

100

'B' Ordinary

£1

100

100

10

'C' Ordinary

£1

10

10

10

'D' Ordinary

£1

10

10

220

220

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made available to the directors unsecured loans by way of

advances and credits. The total of advances and credits made during the year was £46,435.

The total of repayments made during the year was £Nil. The loans were unsecured and

interest was charged at the official rate.