Company Registration No. 07426194 (England and Wales)
MY PRINTING PAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
MY PRINTING PAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MY PRINTING PAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,423
27,909
Current assets
Stocks
2,625
2,150
Debtors
56,047
4,824
Cash at bank and in hand
54,258
29,853
112,930
36,827
Creditors: amounts falling due within one year
(42,365)
(20,919)
Net current assets
70,565
15,908
Total assets less current liabilities
90,988
43,817
Provisions for liabilities
(5,492)
(5,492)
85,496
38,325
Capital and reserves
Called up share capital
3
2,100
2,100
Profit and loss account
83,396
36,225
Shareholders' funds
85,496
38,325
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 June 2017
Mr G Reeder
Director
Company Registration No. 07426194
MY PRINTING PAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
Fixtures, fittings & equipment
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
87,567
Additions
2,573
At 30 November 2016
90,140
Depreciation
At 1 December 2015
59,658
Charge for the year
10,059
At 30 November 2016
69,717
Net book value
At 30 November 2016
20,423
At 30 November 2015
27,909
MY PRINTING PAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
2,000 Ordinary A of £1 each
2,000
2,000
2,100
2,100
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