D & S PRINT LTD
D & S PRINT LTD
Registered number: SC373646
Unaudited Financial Statements
For The Year Ended 31 January 2017
KENNETH PHILLIPS & CO CA
40 STATION RD
BEARSDEN
GLASGOW
G61 4AL
D & S PRINT LTD
Unaudited Financial Statements
For The Year Ended 31 January 2017
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—6 |
D & S PRINT LTD
Balance Sheet
As at
31 January 2017
Balance Sheet
Registered number:
SC373646
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
CURRENT ASSETS | |||||
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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Creditors: Amounts Falling Due After More Than One Year | 10 |
( |
( |
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NET ASSETS |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 12 |
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Profit and loss account |
( |
( |
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SHAREHOLDERS' FUNDS | (62,330) | (60,773) | |||
Page 1
D & S PRINT LTD
Balance Sheet (continued)
As at
31 January 2017
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
D & S PRINT LTD
Statement of Changes in Equity
For The Year Ended 31 January 2017
Statement of Changes in Equity
Share Capital | Profit & Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 February 2015 |
|
( |
(38,774) |
Loss for the year and total comprehensive income | - |
( |
(21,999) |
As at 31 January 2016 and 1 February 2016 |
|
( |
(60,773) |
Loss for the year and total comprehensive income | - |
( |
(1,557) |
As at |
|
( |
(62,330) |
Page 3
D & S PRINT LTD
Notes to the Unaudited Accounts
For The Year Ended 31 January 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
Page 4
D & S PRINT LTD
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
6.
Tangible Assets
Plant & Machinery | |
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£ | |
Cost | |
As at |
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As at |
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Depreciation | |
As at |
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As at |
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Net Book Value | |
As at |
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As at |
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7.
Stocks
2017 | 2016 | ||
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£ | £ | ||
Stock - finished goods |
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8.
Debtors
2017 | 2016 | ||
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£ | £ | ||
Due within one year | |||
VAT |
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9.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Bank loans and overdrafts |
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- | |
Corporation tax |
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Accruals and deferred income |
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Director's loan account |
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Amounts owed to related parties |
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Page 5
D & S PRINT LTD
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
10.
Creditors: Amounts Falling Due After More Than One Year
2017 | 2016 | ||
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£ | £ | ||
Other taxes and social security |
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11.
Obligations Under Finance Leases and Hire Purchase
2017 | 2016 | ||
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£ | £ | ||
The maturity of these amounts is as follows: | |||
Amounts Payable: | |||
Within one year |
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13.
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
14.
General Information
D & S PRINT LTD Registered number SC373646 is a limited by shares company incorporated in Scotland. The Registered Office is 40 STATION RD, BEARSDEN, GLASGOW, G61 4AL.
Page 6