R & D Print Finishers Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03765997 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

R & D PRINT FINISHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Taylor

SECRETARY:

A Taylor

REGISTERED OFFICE:

The Old Barn

Wood Street

Swanley Village

Kent

BR8 7PA

REGISTERED NUMBER:

03765997 (England and Wales)

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

FIXED ASSETS

Tangible assets

4

8,246

8,636

CURRENT ASSETS

Debtors

5

21,841

17,115

Cash at bank

57,534

63,216

79,375

80,331

CREDITORS

Amounts falling due within one year

6

84,964

86,398

NET CURRENT LIABILITIES

(5,589

)

(6,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,657

2,569

PROVISIONS FOR LIABILITIES

1,640

1,716

NET ASSETS

1,017

853

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

917

753

SHAREHOLDERS' FUNDS

1,017

853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 23 August 2017 and were signed by:

R Taylor - Director

1.	STATUTORY INFORMATION

R & D Print Finishers Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

27,599

Additions

1,066

At 31 May 2017

28,665

DEPRECIATION

At 1 June 2016

18,963

Charge for year

1,456

At 31 May 2017

20,419

NET BOOK VALUE

At 31 May 2017

8,246

At 31 May 2016

8,636

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

21,794

16,204

Other debtors

47

911

21,841

17,115

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

820

1,915

Taxation and social security

6,165

7,958

Other creditors

77,979

76,525

84,964

86,398

7.	RELATED PARTY DISCLOSURES

During the year, the company paid dividends to the directors, Mr & Mrs Taylor, amounting to £20,000 (2016 -

£21,000).