Wallpaper Printworks Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07036326 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014

FOR

WALLPAPER PRINTWORKS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr D M Kay

Mrs E M Hendi

SECRETARY:

Mrs E M Hendi

REGISTERED OFFICE:

3 Chapel Street

Lytham

Lancashire

FY8 5ND

REGISTERED NUMBER:

07036326 (England and Wales)

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

HSBC

Oxford Square

1 Newhouse Road

Blackpool

Lancashire

FY4 4YH

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated accounts

(set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Wallpaper Printworks Limited for the year ended 31 January 2014 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of Wallpaper Printworks Limited, as a body, in

accordance with the terms of our engagement letter dated 20 October 2014. Our work has been undertaken

solely to prepare for your approval the financial statements of Wallpaper Printworks Limited and state those

matters that we have agreed to state to the Board of Directors of Wallpaper Printworks Limited, as a body, in

this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that Wallpaper Printworks Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and profit of Wallpaper Printworks Limited. You consider that Wallpaper Printworks Limited is exempt from

the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wallpaper

Printworks Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion

on the statutory financial statements.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

31 October 2014

FIXED ASSETS

Tangible assets

2

9,394

11,052

CURRENT ASSETS

Stocks

14,696

11,620

Debtors

4,921

2,461

Cash at bank and in hand

704

1,229

20,321

15,310

CREDITORS

Amounts falling due within one year

22,588

19,130

NET CURRENT LIABILITIES

(2,267

)

(3,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,127

7,232

PROVISIONS FOR LIABILITIES

344

338

NET ASSETS

6,783

6,894

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

6,773

6,884

SHAREHOLDERS' FUNDS

6,783

6,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 30 October 2014 and were signed on its behalf by:

Mr D M Kay - 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 April 2008).

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

-

15% on reducing balance

Computer equipment

-

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 February 2013

and 31 January 2014

18,632

DEPRECIATION

At 1 February 2013

7,580

Charge for year

1,658

At 31 January 2014

9,238

NET BOOK VALUE

At 31 January 2014

9,394

At 31 January 2013

11,052

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10

4.	ULTIMATE CONTROLLING PARTY

Mr D. Kay has ultimate control of the company by virtue of owning 100% of the share capital.