Crimson Publishing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06255817 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

CRIMSON PUBLISHING LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

D R J Lester

SECRETARY:

S D Lester

REGISTERED OFFICE:

19c - 21c Charles Street

Bath

BA1 1HX

REGISTERED NUMBER:

06255817 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Crimson Publishing Limited for the year ended 30 September 2016 which

comprise the Profit and Loss Account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Crimson Publishing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crimson Publishing Limited and state those matters that we have agreed to state to the director of Crimson Publishing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crimson Publishing Limited director for our work or for this report.

It is your duty to ensure that Crimson Publishing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crimson Publishing Limited. You consider that Crimson Publishing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crimson Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

29 June 2017

FIXED ASSETS

Intangible assets

2

2,516,022

2,632,139

Tangible assets

3

16,857

22,269

Investments

4

1

2,532,880

2,654,409

CURRENT ASSETS

Stocks

165,301

167,178

Debtors

373,141

645,003

Cash at bank

200,622

148,224

739,064

960,405

CREDITORS

Amounts falling due within one year

136,777

253,450

NET CURRENT ASSETS

602,287

706,955

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,135,167

3,361,364

CREDITORS

Amounts falling due after more than one
year

2,229,955

2,524,047

NET ASSETS

905,212

837,317

CAPITAL AND RESERVES

Called up share capital

5

500,000

Profit and loss account

405,212

337,317

SHAREHOLDERS' FUNDS

905,212

837,317

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 director acknowledges his 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 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 director on 29 June 2017 and were signed by:

D R J Lester - Director

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 and services, excluding value added tax and trade

discounts. Revenue is recognised when services are rendered.

Goodwill

Goodwill is being amortised over a period of 35 years, it is also being reviewed annually for

impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

The purchase cost of raw materials is calculated on a first in first out basis.

The cost of work in progress includes an appropriate proportion of manufacturing overheads.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the

treatment of certain items for taxation and accounting purposes. The deferred tax balance has not

been discounted.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Development expenditure is written off in the same way unless the director is satisfied as to the

technical, commercial and financial viability of individual projects. In this situation, the expenditure is

deferred and amortised over the period during which the company is expected to benefit.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the

rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at

the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

2,674,592

Additions

3,326

Disposals

(80,488

)

At 30 September 2016

2,597,430

AMORTISATION

At 1 October 2015

42,453

Amortisation for year

76,740

Eliminated on disposal

(37,785

)

At 30 September 2016

81,408

NET BOOK VALUE

At 30 September 2016

2,516,022

At 30 September 2015

2,632,139

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

76,139

Additions

1,428

At 30 September 2016

77,567

DEPRECIATION

At 1 October 2015

53,870

Charge for year

6,840

At 30 September 2016

60,710

NET BOOK VALUE

At 30 September 2016

16,857

At 30 September 2015

22,269

4.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Crimson Startups Limited

Nature of business:

%

Class of shares:

holding

Ordinary

87.00

2016

2015

£

Aggregate capital and reserves

-

650

Loans

£

At 1 October 2015

and 30 September 2016

1

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

500,000

Ordinary

£1

500,000