Pearson Design & Print Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07255765 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

PEARSON DESIGN & PRINT LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

6

DIRECTOR:

D Pearson

REGISTERED OFFICE:

14 Tintagel Court

Harrowgate Farm

Darlington

Co. Durham

DL3 0ZY

REGISTERED NUMBER:

07255765 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Tangible assets

4

87,228

86,410

CURRENT ASSETS

Debtors

4,437

3,738

Cash at bank

119

104

4,556

3,842

CREDITORS

Amounts falling due within one year

31,667

28,203

NET CURRENT LIABILITIES

(27,111

)

(24,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,117

62,049

CREDITORS

Amounts falling due after more than one year

5

(65,569

)

(66,511

)

PROVISIONS FOR LIABILITIES

(188

)

(416

)

NET LIABILITIES

(5,640

)

(4,878

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(5,740

)

(4,978

)

SHAREHOLDERS' FUNDS

(5,640

)

(4,878

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10th August 2017 and were signed by:

D Pearson - Director

1.	STATUTORY INFORMATION

Pearson Design & Print Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis of accounting. At the balance sheet date

the company's liabilities exceeded its assets by £5,640. Included within liabilities is an amount of £25,065 owed

to the director of the company. The director has confirmed that repayment of the loan will not be sought if it

proved to be prejudicial to the company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company receives the right to consideration.

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

-

25% on reducing balance

Computer equipment

-

25% on cost

No depreciation has been provided on freehold property in the financial statements. The property is in the process

of being brought into use and depreciation will commence at that time.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

92,745

Additions

1,804

At 31st March 2017

94,549

DEPRECIATION

At 1st April 2016

6,335

Charge for year

986

At 31st March 2017

7,321

NET BOOK VALUE

At 31st March 2017

87,228

At 31st March 2016

86,410

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/17

31/3/16

£

£

Repayable by instalments

Bank loans

60,003

59,775

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/17

31/3/16

£

£

Bank loans

66,784

67,999

The bank loan is secured over the property to which it relates.

7.	RELATED PARTY DISCLOSURES

At the 31 March 2017 a balance was due to D Pearson, the Director, of £25,065 (2016 £20,917). This amount is

interest free and repayable on demand.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

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

financial statements of Pearson Design & Print Ltd for the year ended 31st March 2017 which comprise the Abridged

Income Statement, Abridged 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://www.accaglobal.com/rulebook.

This report is made solely to the director of Pearson Design & Print Ltd in accordance with the terms of our engagement letter dated 10th May 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Pearson Design & Print Ltd and state those matters that we have agreed to state to the director of Pearson Design & Print Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pearson Design & Print Ltd 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 loss of Pearson Design & Print Ltd. You consider that Pearson Design & Print Ltd 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 Pearson Design & Print Ltd. 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.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

10th August 2017