Origin Print Solutions Limited Small abbreviated accounts

Origin Print Solutions Limited Small abbreviated accounts

ORIGIN PRINT SOLUTIONS LIMITED - Company Information

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FY Private Limited Company Company accounts 2017-01-23 2017-01-23 false true false false false false false false false false false false true true 2015-11-01 true xbrli:pure xbrli:shares iso4217:GBP 05535263 2015-11-01 2016-10-31 05535263 2016-10-31 05535263 2015-10-31 05535263 2014-11-01 2015-10-31 05535263 2015-10-31 05535263 uk-gaap:FixturesFittings 2015-11-01 2016-10-31 05535263 uk-gaap:MotorVehicles 2015-11-01 2016-10-31 05535263 uk-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 05535263 uk-bus:OrdinaryShareClass2 2015-11-01 2016-10-31 05535263 uk-bus:OrdinaryShareClass3 2015-11-01 2016-10-31 05535263 uk-bus:Director1 2015-11-01 2016-10-31 05535263 uk-gaap:AllSubsidiaries 2015-11-01 2016-10-31 05535263 uk-bus:OrdinaryShareClass1 2016-10-31 05535263 uk-bus:OrdinaryShareClass1 2015-10-31 05535263 uk-bus:OrdinaryShareClass2 2016-10-31 05535263 uk-bus:OrdinaryShareClass2 2015-10-31 05535263 uk-bus:OrdinaryShareClass3 2016-10-31 05535263 uk-bus:OrdinaryShareClass3 2015-10-31 05535263 uk-lang:English 2015-11-01 2016-10-31 05535263 uk-curr:PoundSterling 2015-11-01 2016-10-31
COMPANY REGISTRATION NUMBER 05535263
ORIGIN PRINT SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
31 October 2016
ORIGIN PRINT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
31 October 2016
2016
2015
Note
£
£
£
FIXED ASSETS
2
Tangible assets
18,932
23,993
---------
---------
CURRENT ASSETS
Stocks
50,354
52,188
Debtors
202,018
207,242
Cash at bank and in hand
322,851
271,566
----------
----------
575,223
530,996
CREDITORS: Amounts falling due within one year
194,788
165,542
----------
----------
NET CURRENT ASSETS
380,435
365,454
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
399,367
389,447
----------
----------
CAPITAL AND RESERVES
Called up equity share capital
4
120
120
Profit and loss account
399,247
389,327
----------
----------
SHAREHOLDERS' FUNDS
399,367
389,447
----------
----------
For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 23 January 2017 .
S Avery Director
Company Registration Number: 05535263
ORIGIN PRINT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 OCTOBER 2016
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation 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:
Fixture, Fittings and Equipment-10% and 25% reducing balance
Motor Vehicles-25% 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.
Leasing and hire purchase commitments
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts, are capitalised in the balance sheet and are depreciated over their useful lives. The capital elements of future obligations under the leases and hire purchase contracts are included as liabilities in the balance sheet.
The interest elements of the rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a constant proportion of the balance of capital repayments outstanding.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 November 2015 and 31 October 2016
73,112
---------
DEPRECIATION
At 1 November 2015
49,119
Charge for year
5,061
---------
At 31 October 2016
54,180
---------
NET BOOK VALUE
At 31 October 2016
18,932
---------
At 31 October 2015
23,993
---------
3. DIRECTOR'S CURRENT ACCOUNTS
Movements on the director account during the year were as follows:
S Avery
£
Balance at 31 October 2015
(82,270)
Drawings
(5,605)
---------
Balance at 31 October 2016
(87,875)
---------
The directors' loan account was overdrawn at the year end. Interest is charged on the loan and the loan is repayable on demand.
4. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
100 Ordinary shares of £ 1 each
100
100
100
100
10 Non-voting 'A' shares of £ 1 each
10
10
10
10
10 Non-voting 'B' shares of £ 1 each
10
10
10
10
----
----
----
----
120
120
120
120
----
----
----
----
5. Controlling interest
The company was controlled throughout the year by the director, who owns 100% of the voting share capital.