Sears Print Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04937365 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Sears Print Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E K Sears

Mrs E J Sears

SECRETARY:

Mrs E J Sears

REGISTERED OFFICE:

16 High St.

Broom

Alcester

Warwickshire

B50 4HJ

REGISTERED NUMBER:

04937365 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

2

4,195

4,936

CURRENT ASSETS

Stocks

5,170

2,455

Debtors

23,641

14,406

28,811

16,861

CREDITORS

Amounts falling due within one year

32,847

27,246

NET CURRENT LIABILITIES

(4,036

)

(10,385

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

159

(5,449

)

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

156

(5,452

)

SHAREHOLDERS' FUNDS

159

(5,449

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 January 2017 and were signed on its behalf by:

E K Sears - 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 amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Equipment

-

15% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

20,168

DEPRECIATION

At 1 November 2015

15,232

Charge for year

741

At 31 October 2016

15,973

NET BOOK VALUE

At 31 October 2016

4,195

At 31 October 2015

4,936

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

ordinary

£1

3

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2016 and

31 October 2015:

2016

2015

£

E K Sears and Mrs E J Sears

Balance outstanding at start of year

2,108

-

Amounts advanced

5,247

2,108

Amounts repaid

(5,500

)

-

Balance outstanding at end of year

1,855

2,108