CPRESS One Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09008505 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

CPRESS One Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T Stevenson

SECRETARY:

Ms Y Tarasenka

REGISTERED OFFICE:

126 B Talbot Road

London

W11 1JA

REGISTERED NUMBER:

09008505 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Tangible assets

2

7,143

4,877

CURRENT ASSETS

Stocks

45,399

Debtors

43,581

41,475

Cash at bank

2,630

4,989

91,610

91,863

CREDITORS

Amounts falling due within one year

24,238

17,721

NET CURRENT ASSETS

67,372

74,142

TOTAL ASSETS LESS CURRENT LIABILITIES

74,515

79,019

CREDITORS

Amounts falling due after more than one
year

358,529

171,029

NET LIABILITIES

(284,014

)

(92,010

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(284,015

)

(92,011

)

SHAREHOLDERS' FUNDS

(284,014

)

(92,010

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 January 2017 and were signed by:

T Stevenson - 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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

6,270

Additions

4,706

At 30 April 2016

10,976

DEPRECIATION

At 1 May 2015

1,393

Charge for year

2,440

At 30 April 2016

3,833

NET BOOK VALUE

At 30 April 2016

7,143

At 30 April 2015

4,877

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

£1

1

4.	ULTIMATE PARENT COMPANY

CPRESS Management Limited is regarded by the director as being the company's ultimate parent company.