Multi Coat Print Finishers Limited


1 August 2015 true false 75769552015-07-31 75769552015-08-012016-07-31 75769552016-07-31 75769552015-07-31 7576955uk-bus:Director12015-08-012016-07-31 7576955uk-gaap:PlantMachinery2015-08-012016-07-31 7576955uk-bus:OrdinaryShareClass12016-07-31 7576955uk-bus:OrdinaryShareClass12015-08-012016-07-31 7576955uk-bus:OrdinaryShareClass12015-07-31 iso4217:GBP xbrli:shares
Company Registration No. 7576955 (England and Wales)
Multi Coat Print Finishers Limited Abbreviated unaudited accounts for the year ended 31 July 2016
Multi Coat Print Finishers Limited Abbreviated Balance Sheet as at 31 July 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
148,050 
137,118 
Current assets
Stocks
8,850 
- 
Debtors
425,018 
230,064 
Cash at bank and in hand
1,417 
32,667 
435,285 
262,731 
Creditors: amounts falling due within one year
(157,693)
(93,984)
Net current assets
277,592 
168,747 
Net assets
425,642 
305,865 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
425,542 
305,765 
Total shareholders' funds
425,642 
305,865 
For the year ending 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 27 April 2017
R I Littlestone Director Company Registration No. 7576955
- 2 -
Multi Coat Print Finishers 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 value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance method
2
Tangible fixed assets
£ 
Cost
At 1 August 2015
246,325 
Additions
31,500 
At 31 July 2016
277,825 
Depreciation
At 1 August 2015
109,207 
Charge for the year
20,568 
At 31 July 2016
129,775 
Net book value
At 31 July 2016
148,050 
At 31 July 2015
137,118 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 3 -