Pink Printers Limited - Period Ending 2016-04-30

Registration number: 03093117

Pink Printers Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Pink Printers Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Pink Printers Limited
(Registration number: 03093117)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			74,270			119,687
Investments		2			1			1
		2			74,271			119,688
Current assets
Debtors					1,153,371			2,608
Cash at bank and in hand					144,361			413,592
					1,297,732			416,200
Creditors: Amounts falling due within one year					(875,988)			(9,634)
Net current assets					421,744			406,566
Total assets less current liabilities					496,015			526,254
Provisions for liabilities					-			(147)
Net assets					496,015			526,107
Capital and reserves
Called up share capital		3			1,030			1,010
Profit and loss account					494,985			525,097
Shareholders' funds					496,015			526,107

For the year ending 30 April 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 director acknowledges his 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 director on 20 January 2017

.........................................
T C Wrigley
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Pink Printers Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance pro rata
Office equipment	33% reducing balance pro rata

Fixed asset investments

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

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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Pink Printers Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 May 2015		200,113			1			200,114
Additions		1,510			-			1,510
Disposals		(55,700)			-			(55,700)
At 30 April 2016		145,923			1			145,924
Depreciation
At 1 May 2015		80,426			-			80,426
Charge for the year		17,797			-			17,797
Eliminated on disposals		(26,570)			-			(26,570)
At 30 April 2016		71,653			-			71,653
Net book value
At 30 April 2016		74,270			1			74,271
At 30 April 2015		119,687			1			119,688

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking		Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
A F Reprographics Limited		Ordinary	100%	Gravure cylinder engraving

The financial period end of A F Reprographics Limited is 30 April 2015. The loss for the financial period of A F Reprographics Limited was £14,300 and the aggregate amount of capital and reserves at the end of the period was (£209,360).

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Pink Printers Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		280			280			260			260
Ordinary B shares of £1 each		250			250			250			250
Ordinary C shares of £1 each		250			250			250			250
Ordinary D shares of £1 each		250			250			250			250
		1,030			1,030			1,010			1,010

New shares allotted

During the year 20 Ordinary A shares having an aggregate nominal value of £20 were allotted for an aggregate consideration of £nil . The shares were allotted due to a bonus share issue relating to a restructure of the company's ownership.

4

Control

The company is controlled by Ash 126 Limited, the parent company. The ultimate controlling party is T C Wrigley.

Page 4