Bache Post & News Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04779022

Unaudited Financial Statements

for the Year Ended 31 May 2016

for

Bache Post & News Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Elson

Mrs W A Elson

SECRETARY:

K S Elson

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

04779022

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

2

34,044

38,908

Tangible assets

3

43,088

50,437

77,132

89,345

CURRENT ASSETS

Stocks

18,991

22,165

Debtors

4

9,474

8,976

Cash at bank and in hand

519

501

28,984

31,642

CREDITORS

Amounts falling due within one year

5

(64,634

)

(77,749

)

NET CURRENT LIABILITIES

(35,650

)

(46,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,482

43,238

CREDITORS

Amounts falling due after more than one year

6

(38,307

)

(42,842

)

NET ASSETS

3,175

396

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

3,173

394

SHAREHOLDERS' FUNDS

3,175

396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 February 2017 and were signed on its behalf by:

K S Elson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

-

20% on reducing balance

Stocks

Inventories 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2015

and 31 May 2016

97,271

AMORTISATION

At 1 June 2015

58,363

Charge for year

4,864

At 31 May 2016

63,227

NET BOOK VALUE

At 31 May 2016

34,044

At 31 May 2015

38,908

3.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 June 2015

82,748

Additions

3,422

At 31 May 2016

86,170

DEPRECIATION

At 1 June 2015

32,311

Charge for year

14,240

Eliminated on disposal

(3,469

)

At 31 May 2016

43,082

NET BOOK VALUE

At 31 May 2016

43,088

At 31 May 2015

50,437

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Trade debtors

5,008

6,767

Other debtors

4,466

2,209

9,474

8,976

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans and overdrafts

25,706

33,760

Hire purchase contracts

1,039

1,102

Trade creditors

9,078

7,504

Taxation and social security

12,004

9,520

Other creditors

16,807

25,863

64,634

77,749

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans

38,307

41,803

Hire purchase contracts

-

1,039

38,307

42,842

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

2

ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 June 2015

394

Profit for the year

21,279

Dividends

(18,500

)

At 31 May 2016

3,173