Opal Print (Bath) Limited - Abbreviated accounts 16.3

Opal Print (Bath) Limited - Abbreviated accounts 16.3

OPAL PRINT (BATH) LIMITED - Company Information

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07626658 1.6.15 31.5.16 31.5.16 Company accounts Private Limited Company FY true false true false false true false A Class 1.00000 B Class 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure076266582015-05-31076266582016-05-31076266582015-06-012016-05-31076266582014-05-31076266582014-06-012015-05-31076266582015-05-3107626658ns12:England2015-06-012016-05-3107626658ns14:PoundSterling2015-06-012016-05-3107626658ns7:Director12015-06-012016-05-3107626658ns7:OrdinaryShareClass32015-06-012016-05-3107626658ns7:OrdinaryShareClass42015-06-012016-05-3107626658ns5:PlantMachinery2015-06-012016-05-3107626658ns5:MotorVehicles2015-06-012016-05-3107626658ns7:OrdinaryShareClass32016-05-3107626658ns7:OrdinaryShareClass32015-05-3107626658ns7:OrdinaryShareClass42016-05-3107626658ns7:OrdinaryShareClass42015-05-31
REGISTERED NUMBER: 07626658 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

OPAL PRINT (BATH) LIMITED

OPAL PRINT (BATH) LIMITED (REGISTERED NUMBER: 07626658)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

OPAL PRINT (BATH) LIMITED (REGISTERED NUMBER: 07626658)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 18,000 21,600
Tangible assets 3 460,637 439,775
478,637 461,375

CURRENT ASSETS
Debtors 186,503 179,091
Cash at bank 5,613 21,904
192,116 200,995
CREDITORS
Amounts falling due within one year (439,607 ) (456,565 )
NET CURRENT LIABILITIES (247,491 ) (255,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
231,146
205,805

CREDITORS
Amounts falling due after more than one
year
(166,438
)
(163,628
)
NET ASSETS 64,708 42,177

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 64,608 42,077
SHAREHOLDERS' FUNDS 64,708 42,177

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 notes form part of these abbreviated accounts

Page 1 continued...
OPAL PRINT (BATH) LIMITED (REGISTERED NUMBER: 07626658)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2016


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 27 February 2017 and were signed on its behalf
by:





Mr K A Lunt - Director


The notes form part of these abbreviated accounts

Page 2
OPAL PRINT (BATH) LIMITED (REGISTERED NUMBER: 07626658)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015
and 31 May 2016 36,000
AMORTISATION
At 1 June 2015 14,400
Amortisation for year 3,600
At 31 May 2016 18,000
NET BOOK VALUE

At 31 May 2016 18,000
At 31 May 2015 21,600

Page 3 continued...
OPAL PRINT (BATH) LIMITED (REGISTERED NUMBER: 07626658)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 671,703
Additions 78,800
Disposals (9,000 )
At 31 May 2016 741,503
DEPRECIATION
At 1 June 2015 231,928
Charge for year 52,033
Eliminated on disposal (3,095 )
At 31 May 2016 280,866
NET BOOK VALUE
At 31 May 2016 460,637
At 31 May 2015 439,775

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
80 A Class £1 80 80
20 B Class £1 20 20
100 100

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