SUDBURY_PRINT_GROUP_LIMIT - Accounts

SUDBURY PRINT GROUP LIMITED - Company Information

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Company Registration No. 04525730 (England and Wales)

SUDBURY PRINT GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

LB GROUP

7 Hydra, Orion Court

Addison Way

Great Blakenham

Ipswich

Suffolk

IP6 0LW

SUDBURY PRINT GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

SUDBURY PRINT GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

51,770

60,120

Tangible assets

2,129,067

1,989,728

Investments

3,500

7,000

2,184,337

2,056,848

Current assets

Stocks

63,290

53,930

Debtors

740,103

776,427

Cash at bank and in hand

647

24,878

804,040

855,235

Creditors: amounts falling due within one year

(1,431,841)

(1,358,510)

Net current liabilities

(627,801)

(503,275)

Total assets less current liabilities

1,556,536

1,553,573

Creditors: amounts falling due after more than one year

(1,131,468)

(1,203,526)

Provisions for liabilities

(268,640)

(217,980)

156,428

132,067

Capital and reserves

Called up share capital

Profit and loss account

156,426

132,065

Shareholders' funds

156,428

132,067

SUDBURY PRINT GROUP LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 January 2017

Mrs T Richold

Mr J Richold

Director

Company Registration No. 04525730

SUDBURY PRINT GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

1.4

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill 5% straight line

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property

20% straight line

Plant and machinery

5% reducing balance

Computer equipment

20% reducing balance

Fixtures, fittings & equipment

20% straight line

Motor vehicles

25% reducing balance

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. 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.

1.7

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.8

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

SUDBURY PRINT GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Accounting policies

(Continued)

- 4 -

1.10

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

1.11

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

1.12

Going concern

At the year end the company had net current liabilities. However, in the opinion of the directors, the company will have sufficient working capital to meet all the liabilities as they fall due. Consequently, the financial statements have been prepared on a going concern basis.

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

167,000

2,270,064

7,000

2,444,064

Additions

296,838

Disposals

(47,067)

(3,500)

(50,567)

At 30 September 2016

167,000

2,519,835

3,500

2,690,335

Depreciation

At 1 October 2015

106,880

280,336

387,216

On disposals

(17,088)

Charge for the year

8,350

127,520

135,870

At 30 September 2016

115,230

390,768

505,998

Net book value

At 30 September 2016

51,770

2,129,067

3,500

2,184,337

At 30 September 2015

60,120

1,989,728

7,000

2,056,848

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Anglia Print Solutions Limited

United Kingdom

Ordinary

100.00

SUDBURY PRINT GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Fixed assets

(Continued)

- 5 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Anglia Print Solutions Limited

(28,525)

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each