Tri-Lithographics Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02332077 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

TRI-LITHOGRAPHICS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M C C English

C P J Hudson

SECRETARY:

M C C English

REGISTERED OFFICE:

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

REGISTERED NUMBER:

02332077 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

4

10,605

12,485

CURRENT ASSETS

Stocks

1,550

950

Debtors

5

21,094

21,672

Cash in hand

50

50

22,694

22,672

CREDITORS

Amounts falling due within one year

6

32,993

32,502

NET CURRENT LIABILITIES

(10,299

)

(9,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

306

2,655

CREDITORS

Amounts falling due after more than one year

7

8,592

12,018

NET LIABILITIES

(8,286

)

(9,363

)

CAPITAL AND RESERVES

Called up share capital

8

900

900

Retained earnings

(9,186

)

(10,263

)

SHAREHOLDERS' FUNDS

(8,286

)

(9,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Board of Directors on 18 September 2017 and were signed on its behalf by:

M C C English - Director

1.	STATUTORY INFORMATION

Tri-Lithographics 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.

No material adjustments were needed in the first year of adoption to comply with the new standards.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2016

and 31 December 2016

123,939

230

8,413

132,582

DEPRECIATION

At 1 January 2016

114,558

29

5,510

120,097

Charge for year

1,415

30

435

1,880

At 31 December 2016

115,973

59

5,945

121,977

NET BOOK VALUE

At 31 December 2016

7,966

171

2,468

10,605

At 31 December 2015

9,381

201

2,903

12,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

9,690

10,240

Other debtors

11,404

11,432

21,094

21,672

All debtors are payable within one year and therefore have not been discounted.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

23,042

21,574

Trade creditors

5,452

4,517

Taxation and social security

999

2,911

Other creditors

3,500

3,500

32,993

32,502

All creditors are payable within one year and therefore have not been discounted.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

8,592

12,018

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

900

Ordinary

£1

900

900

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

M C C English

Balance outstanding at start of year

3,591

3,497

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,591

3,591

C P J Hudson

Balance outstanding at start of year

5,169

5,513

Amounts repaid

(146

)

(344

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,023

5,169

The directors paid £257 (£268 - 2015) interest on their overdrawn loan accounts @ between 3% per annum.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.