Print 4 Property Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC217045 (Scotland)

PRINT 4 PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Tait

N B Boyd

A Letham

G Rennie

SECRETARY:

C A Tait

REGISTERED OFFICE:

P4P Creative

93 Candleriggs

Glasgow

G1 1NP

REGISTERED NUMBER:

SC217045 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

7,372

9,617

CURRENT ASSETS

Debtors

5

111,927

141,573

Cash at bank and in hand

39,979

55,637

151,906

197,210

CREDITORS

Amounts falling due within one year

6

106,599

153,315

NET CURRENT ASSETS

45,307

43,895

TOTAL ASSETS LESS CURRENT LIABILITIES

52,679

53,512

CREDITORS

Amounts falling due after more than one year

7

32,258

41,326

NET ASSETS

20,421

12,186

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

20,271

12,036

SHAREHOLDERS' FUNDS

20,421

12,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 23 October 2017 and were signed on its behalf by:

C A Tait - Director

N B Boyd - Director

1.	STATUTORY INFORMATION

Print 4 Property Limited is a private company, limited by shares , registered in Scotland. 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 represents sales of goods and services provided in the year, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

Financial instruments

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at

transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current 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 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 government grants

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

45,510

Additions

1,135

At 30 April 2017

46,645

DEPRECIATION

At 1 May 2016

35,893

Charge for year

3,380

At 30 April 2017

39,273

NET BOOK VALUE

At 30 April 2017

7,372

At 30 April 2016

9,617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

107,869

138,013

Other debtors

4,058

3,560

111,927

141,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

7,717

7,717

Trade creditors

2,502

2,477

Directors' loan accounts

10,016

7,017

Taxation and social security

38,308

47,973

Other creditors

48,056

88,131

106,599

153,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans

32,258

41,326

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Bank loans

39,975

49,043

Other creditors

38,531

81,388

78,506

130,431

Included within other creditors is an amount of £38,531 (2016, £81,388) which has been drawn down under an

invoice factoring agreement. Invoices issued under this agreement are subject to a floating charge.

The directors at 30 April 2017 have provided the company's bankers with personal guarantees and securities for

bank borrowings.

9.	OTHER FINANCIAL COMMITMENTS

At 30 April 2017 the company was committed to making total payments under non-cancellable operating leases

of £62,951 (2016, £13,351).

10.	RELATED PARTY DISCLOSURES