| TRUPRINT LITHO LIMITED |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of TRUPRINT LITHO LIMITED for the year ended 31 July 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of TRUPRINT LITHO LIMITED for the year ended 31 July 2016 which comprise of 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| PJ Caswell FCCA |
| Chartered Certified Accountant |
| 3 High Street |
| St Lawrence |
| Ramsgate |
| Kent |
| CT11 0QL |
|
| 9 March 2017 |
|
| TRUPRINT LITHO LIMITED |
| Registered number: |
01640193 |
| Abbreviated Balance Sheet |
| as at 31 July 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
20,400 |
|
|
25,500 |
| Tangible assets |
4 |
|
|
169,862 |
|
|
187,254 |
|
|
|
|
190,262 |
|
|
212,754 |
|
| Current assets |
| Stocks |
|
|
55,000 |
|
|
81,000 |
| Debtors |
|
|
189,589 |
|
|
194,836 |
| Cash at bank and in hand |
|
|
575 |
|
|
575 |
|
|
|
245,164 |
|
|
276,411 |
|
| Creditors: amounts falling due within one year |
|
|
(250,276) |
|
|
(299,418) |
|
| Net current liabilities |
|
|
|
(5,112) |
|
|
(23,007) |
|
| Total assets less current liabilities |
|
|
|
185,150 |
|
|
189,747 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(82,557) |
|
|
(122,932) |
|
|
|
| Net assets |
|
|
|
102,593 |
|
|
66,815 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2,000 |
|
|
2,000 |
| Profit and loss account |
|
|
|
100,593 |
|
|
64,815 |
|
| Shareholders' funds |
|
|
|
102,593 |
|
|
66,815 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| JA Jordan |
| Director |
| Approved by the board on 9 March 2017 |
|
| TRUPRINT LITHO LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the net invoiced sales of goods, excluding Value Added Tax. |
|
|
Intangible Assets |
|
Goodwill is recorded at cost. It is written off over its' estimated useful life of ten years subject to |
|
an annual review if circumstances emerge to indicate that the book value should be revalued. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
Equipment |
10% on cost |
|
Motor vehicles |
25% on reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost or market value. |
|
|
Deferred taxation |
|
No provision has been made as the timing differences between Capital Allowances claimed and the depreciation charged in the accounts will not become material in the foreseeable future. |
|
| 2 |
Taxation on Ordinary Activities |
|
There is no Corporation Tax payable due to the losses brought forward from previous years. |
|
| 3 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
51,000 |
|
At 31 July 2016 |
51,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2015 |
25,500 |
|
Provided during the year |
5,100 |
|
At 31 July 2016 |
30,600 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
20,400 |
|
At 31 July 2015 |
25,500 |
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
826,825 |
|
Additions |
19,667 |
|
At 31 July 2016 |
846,492 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
639,571 |
|
Charge for the year |
37,059 |
|
At 31 July 2016 |
676,630 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
169,862 |
|
At 31 July 2015 |
187,254 |
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2,000 |
|
2,000 |
|
2,000 |
|
|
|
|
|
|
|
|
|
| 6 |
Transactions with directors |
|
The Directors are partners in Nordic Press and transactions between the parties have been on a |
|
normal commercial basis. |
