Petaprint Limited - Accounts to registrar (filleted) - small 17.3

Petaprint Limited - Accounts to registrar (filleted) - small 17.3

PETAPRINT LIMITED - Company Information

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REGISTERED NUMBER: 05687830 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Petaprint Limited
Petaprint Limited (Registered number: 05687830)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Petaprint Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mr. C A Smith
Mr. K R Povey
Mr. B W Povey





SECRETARY: Mr. K R Povey





REGISTERED OFFICE:
16 College Street
Petersfield
Hampshire
GU31 4AD





REGISTERED NUMBER: 05687830 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
32 Dragon Street
Petersfield
Hampshire
GU31 4JJ
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Petaprint Limited

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of Petaprint Limited for the year ended 31 March 2017
which comprise the Income Statement, Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Petaprint Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Petaprint Limited and state those matters that we have agreed to state to the Board of Directors of Petaprint Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Petaprint Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Petaprint Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Petaprint Limited. You consider that Petaprint Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Petaprint Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothman Pantall LLP
32 Dragon Street
Petersfield
Hampshire
GU31 4JJ


21 December 2017

This page does not form part of the statutory financial statements

Page 2
Petaprint Limited (Registered number: 05687830)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,260 1,540
1,260 1,540

CURRENT ASSETS
Stocks 3,210 3,887
Debtors 6 16,385 15,684
Cash at bank 32,624 29,089
52,219 48,660
CREDITORS
Amounts falling due within one year 7 32,094 28,280
NET CURRENT ASSETS 20,125 20,380
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,385
21,920

PROVISIONS FOR LIABILITIES - 48
NET ASSETS 21,385 21,872

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,285 21,772
SHAREHOLDERS' FUNDS 21,385 21,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 3 continued...
Petaprint Limited (Registered number: 05687830)

Balance Sheet - continued
31 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.

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 14 December 2017 and were
signed on its behalf by:





Mr. C A Smith - Director


The notes form part of these financial statements

Page 4
Petaprint Limited (Registered number: 05687830)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Petaprint 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.

FRS 102 has been adopted for the first time when preparing these financial statements. The
date of transition was 1 April 2015 and the last financial statements were prepared under the
previous financial reporting framework for the year ended 31 March 2016. There has been
no impact on the accounts as a result of the transition.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007,
has been amortised evenly over ten years.

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

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

Page 5 continued...
Petaprint Limited (Registered number: 05687830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 34,000
AMORTISATION
At 1 April 2016
and 31 March 2017 34,000
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 35,354
Additions 677
At 31 March 2017 36,031
DEPRECIATION
At 1 April 2016 33,814
Charge for year 957
At 31 March 2017 34,771
NET BOOK VALUE
At 31 March 2017 1,260
At 31 March 2016 1,540

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 13,218 13,061
Other debtors 3,167 2,623
16,385 15,684

Page 6 continued...
Petaprint Limited (Registered number: 05687830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 8,959 6,812
Taxation and social security 20,485 19,473
Other creditors 2,650 1,995
32,094 28,280

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.17 31.3.16
£    £   
Between one and five years 29,364 7,464

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 (2016 - £67,500) were paid to the directors .

Page 7