Canns Down Press Limited - Abbreviated accounts 16.3

Canns Down Press Limited - Abbreviated accounts 16.3

CANNS DOWN PRESS LIMITED - Company Information

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REGISTERED NUMBER: 04490139 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CANNS DOWN PRESS LIMITED

CANNS DOWN PRESS LIMITED (REGISTERED NUMBER: 04490139)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CANNS DOWN PRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: R W B Hartford
Mrs G Hartford





SECRETARY: R W B Hartford





REGISTERED OFFICE: Beaford
Winkleigh
Devon
EX19 8LZ





REGISTERED NUMBER: 04490139 (England and Wales)





ACCOUNTANTS: Bush & Co Limited
2 Barnfield Crescent
Exeter
Devon
EX1 1QT
Page 1
CANNS DOWN PRESS LIMITED (REGISTERED NUMBER: 04490139)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 70,000 98,000
Tangible assets 3 13,699 26,811
83,699 124,811

CURRENT ASSETS
Stocks 165,031 152,987
Debtors 128,071 108,931
Cash at bank and in hand 18,394 21,925
311,496 283,843
CREDITORS
Amounts falling due within one year 4 130,270 202,292
NET CURRENT ASSETS 181,226 81,551
TOTAL ASSETS LESS CURRENT
LIABILITIES
264,925
206,362

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and loss account 263,925 205,362
SHAREHOLDERS' FUNDS 264,925 206,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 continued...
CANNS DOWN PRESS LIMITED (REGISTERED NUMBER: 04490139)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 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 31 May 2017 and were signed
on its behalf by:




R W B Hartford - Director



Mrs G Hartford - Director


The notes form part of these abbreviated accounts

Page 3
CANNS DOWN PRESS LIMITED (REGISTERED NUMBER: 04490139)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 2002, 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.

Fixtures & fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into
account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.

Page 4 continued...
CANNS DOWN PRESS LIMITED (REGISTERED NUMBER: 04490139)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 280,000
AMORTISATION
At 1 October 2015 182,000
Amortisation for year 28,000
At 30 September 2016 210,000
NET BOOK VALUE

At 30 September 2016 70,000
At 30 September 2015 98,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 139,846
Additions 12,696
Disposals (62,967 )
At 30 September 2016 89,575
DEPRECIATION
At 1 October 2015 113,035
Charge for year 8,456
Eliminated on disposal (45,615 )
At 30 September 2016 75,876
NET BOOK VALUE
At 30 September 2016 13,699
At 30 September 2015 26,811

4. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 46,306 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

Page 5