Print Revolution Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04592067 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Print Revolution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

A Collier

P Bamford

P Harrington

REGISTERED OFFICE:

Nottingham Business Centre

Unit W51-W52

Lenton Boulevard

Nottingham

NG7 2BY

REGISTERED NUMBER:

04592067 (England and Wales)

ACCOUNTANTS:

Jackson JMR

Suite 45

Autumn Park Business Centre

Dysart Road

Grantham

Lincolnshire

NG31 7EU

FIXED ASSETS

Tangible assets

4

132,767

155,051

CURRENT ASSETS

Stocks

11,700

3,975

Debtors

5

27,653

41,821

Prepayments and accrued income

985

985

40,338

46,781

CREDITORS

Amounts falling due within one year

6

54,223

55,147

NET CURRENT LIABILITIES

(13,885

)

(8,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118,882

146,685

CREDITORS

Amounts falling due after more than one year

7

(7,438

)

(12,938

)

PROVISIONS FOR LIABILITIES

(23,122

)

(24,922

)

NET ASSETS

88,322

108,825

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Retained earnings

63,322

83,825

SHAREHOLDERS' FUNDS

88,322

108,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 January 2017 and were signed on its behalf by:

A Collier - Director

P Bamford - Director

1.	STATUTORY INFORMATION

Print Revolution Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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% straight-line basis over 7 years

Computer equipment

-

Write off over 3 years

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2016

354,961

3,562

18,723

377,246

Additions

560

-

106

666

At 31 December 2016

355,521

3,562

18,829

377,912

DEPRECIATION

At 1 January 2016

200,910

3,062

18,223

222,195

Charge for year

22,902

-

48

22,950

At 31 December 2016

223,812

3,062

18,271

245,145

NET BOOK VALUE

At 31 December 2016

131,709

500

558

132,767

At 31 December 2015

154,051

500

500

155,051

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

26,235

41,821

Other debtors

1,418

-

27,653

41,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

19,033

19,237

Trade creditors

19,495

21,062

Taxation and social security

6,564

3,514

Other creditors

9,131

11,334

54,223

55,147

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

7,438

12,938

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

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Jackson JMR

Suite 45

Autumn Park Business Centre

Dysart Road

Grantham

Lincolnshire

NG31 7EU

31 January 2017