Pad Printers Limited - Accounts to registrar (filleted) - small 17.3

Pad Printers Limited - Accounts to registrar (filleted) - small 17.3

PAD PRINTERS LIMITED - Company Information

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IRIS Accounts Production v17.3.0.1062 04190049 Board of Directors Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false Ordinary A shares 0.50000 Ordinary B shares 0.50000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure041900492016-03-31041900492017-03-31041900492016-04-012017-03-31041900492015-03-31041900492015-04-012016-03-31041900492016-03-3104190049ns15:EnglandWales2016-04-012017-03-3104190049ns14:PoundSterling2016-04-012017-03-3104190049ns10:Director12016-04-012017-03-3104190049ns10:Director22016-04-012017-03-3104190049ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3104190049ns10:SmallEntities2016-04-012017-03-3104190049ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3104190049ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3104190049ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3104190049ns10:AbridgedAccounts2016-04-012017-03-3104190049ns10:OrdinaryShareClass22016-04-012017-03-3104190049ns10:OrdinaryShareClass32016-04-012017-03-3104190049ns10:CompanySecretary12016-04-012017-03-3104190049ns10:RegisteredOffice2016-04-012017-03-3104190049ns5:CurrentFinancialInstruments2017-03-3104190049ns5:CurrentFinancialInstruments2016-03-3104190049ns5:Non-currentFinancialInstruments2017-03-3104190049ns5:Non-currentFinancialInstruments2016-03-3104190049ns5:ShareCapital2017-03-3104190049ns5:ShareCapital2016-03-3104190049ns5:RetainedEarningsAccumulatedLosses2017-03-3104190049ns5:RetainedEarningsAccumulatedLosses2016-03-3104190049ns5:LeaseholdImprovements2016-04-012017-03-3104190049ns5:PlantMachinery2016-04-012017-03-3104190049ns5:MotorVehicles2016-04-012017-03-3104190049ns5:ComputerEquipment2016-04-012017-03-3104190049ns10:OrdinaryShareClass22017-03-3104190049ns10:OrdinaryShareClass32017-03-31


REGISTERED NUMBER: 04190049 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

PAD PRINTERS LIMITED
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017




Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PAD PRINTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTORS: Mrs D A Hernon
Mr J Winward





SECRETARY: Mrs D A Hernon





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 04190049 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH
Page 1
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)

ABRIDGED BALANCE SHEET
31ST MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,385 318,139

CURRENT ASSETS
Stocks 179,354 249,748
Debtors 294,153 298,438
473,507 548,186
CREDITORS
Amounts falling due within one year 484,574 540,950
NET CURRENT (LIABILITIES)/ASSETS (11,067 ) 7,236
TOTAL ASSETS LESS CURRENT
LIABILITIES
286,318
325,375

CREDITORS
Amounts falling due after more than one
year
(44,114
)
(68,267
)

PROVISIONS FOR LIABILITIES (46,032 ) (51,854 )
NET ASSETS 196,172 205,254

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 196,072 205,154
SHAREHOLDERS' FUNDS 196,172 205,254

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 notes form part of these financial statements

Page 2 continued...
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3rd November 2017 and were signed on its behalf
by:




Mr J Winward - Director



Mrs D A Hernon - Director


The notes form part of these financial statements

Page 3
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017

1. STATUTORY INFORMATION

Pad Printers 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 represents the total amount receivable by the company for goods supplied and services provided,
excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - over period of lease to residual value
Plant & machinery - 5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

Page 4 continued...
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

Debt factoring
The company factors its sales invoices and due to the nature of the factoring contract shows its gross debts as a
current asset and its liability to the factoring agent as a current liability. Expenses and interest charged by the
factoring agent are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2016 461,074
Additions 16,086
Disposals (10,715 )
At 31st March 2017 466,445
DEPRECIATION
At 1st April 2016 142,935
Charge for year 35,780
Eliminated on disposal (9,655 )
At 31st March 2017 169,060
NET BOOK VALUE
At 31st March 2017 297,385
At 31st March 2016 318,139

Page 5 continued...
PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st April 2016
and 31st March 2017 134,089
DEPRECIATION
At 1st April 2016 38,493
Charge for year 20,514
At 31st March 2017 59,007
NET BOOK VALUE
At 31st March 2017 75,082
At 31st March 2016 95,596

5. SECURED DEBTS

a. Creditors: amounts falling due within one year
Creditors include sales invoice financing, hire purchase contracts and a loan from a pension scheme which are
secured of £271,882 (2016 £285,136). The sales invoice financing is secured by a charge over the company's
debtors, the hire purchase contracts are secured on the assets concerned and the loan from the pension scheme is
secured on certain items of plant and machinery.

b. Creditors: amounts falling due after more than one year
Creditors include hire purchase contracts and a loan from a pension scheme which are secured of £44,114 (2016
£68,267). The hire purchase contracts are secured on the assets concerned and the loan from the pension scheme
is secured on certain items of plant and machinery.

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary A shares £0.50 50 50
100 Ordinary B shares £0.50 50 50
100 100

Page 6