Reelvision Print Limited,Ltd - AccountsLtd - Accounts

Reelvision Print Limited,Ltd - AccountsLtd - Accounts

REELVISION PRINT LIMITED - Company Information

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2016-01-01 05865636 2016-12-31 05865636 2016-01-01 2016-12-31 05865636 2015-12-31 05865636 2015-01-01 2015-12-31 05865636 uk-core:WithinOneYear 2015-12-31 05865636 uk-core:WithinOneYear 2016-12-31 05865636 uk-core:AfterOneYear 2015-12-31 05865636 uk-core:AfterOneYear 2016-12-31 05865636 uk-core:ShareCapital 2016-12-31 05865636 uk-core:ShareCapital 2015-12-31 05865636 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05865636 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 05865636 uk-bus:Director1 2016-01-01 2016-12-31 05865636 uk-core:Buildings 2016-01-01 2016-12-31 05865636 uk-core:PlantMachinery 2016-01-01 2016-12-31 05865636 uk-core:FurnitureFittings 2016-01-01 2016-12-31 iso4217:GBP 05865636 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 05865636 uk-bus:FRS102 2016-01-01 2016-12-31 05865636 uk-bus:FullAccounts 2016-01-01 2016-12-31 05865636 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Draft
Reelvision Print Limited
Registered Number:05865636
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2016
Reelvision Print Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
As at 31 December 2016
Reelvision Print Limited
Statement of Financial Position
Registered Number :
05865636
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
391,860
507,021
2
391,860
507,021
Current assets
Inventories
172,992
186,922
3
Trade and other receivables
2,029,673
2,347,853
4
835,456
Cash and cash equivalents
1,259,882
3,794,657
3,038,121
Trade and other payables: amounts falling due within one
year
(1,249,035)
(1,213,986)
5
1,789,086
2,580,671
Net current assets
Total assets less current liabilities
2,972,531
2,296,107
Trade and other payables: amounts falling due after more
than one year
(71,948)
(26,728)
6
2,945,803
Net assets
2,224,159
Capital and reserves
Called up share capital
100
100
Retained earnings
2,945,703
2,224,059
2,945,803
2,224,159
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Gareth Bakewell Director
These financial statements were approved and authorised for issue by the Board on 17 March 2017 and were signed by:
The notes form part of these financial statements
1 of 4
4
Draft
For the year ended 31 December 2016
Reelvision Print Limited
Notes to the Financial Statements
Statutory Information
Reelvision Print Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05865636.
Registered address:
Carrs Industrial Estate
Commerce Street
Haslingden
Lancashire
BB45JT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified
by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2 Straight line
Plant and machinery
10%-33% Straight line
25%-50% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 4
5
Draft
For the year ended 31 December 2016
Reelvision Print Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 January 2016
1,745,827
57,482
Additions
At 31 December 2016
1,803,309
Provision for depreciation and impairment
At 01 January 2016
1,238,806
Charge for year
172,643
At 31 December 2016
1,411,449
At 31 December 2016
Net book value
391,860
At 31 December 2015
507,021
3. Inventories
2015
2016
£
£
Stocks
103,443
172,992
Payments on account
83,479
-
186,922
172,992
4. Trade and other receivables
2015
2016
£
£
Trade debtors
2,337,403
2,022,921
Other debtors
10,450
6,752
2,029,673
2,347,853
5. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
512,556
516,815
Taxation and social security
386,549
365,757
Other creditors
314,881
366,463
1,213,986
1,249,035
3 of 4
6
Draft
For the year ended 31 December 2016
Reelvision Print Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Other creditors
26,728
71,948
7. Related party transactions
The company is controlled by its directors
4 of 4