Taylor-Pressform Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 01883070 (England and Wales)

Taylor-Pressform Limited

Unaudited Financial Statements

for the Year Ended

30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Taylor

R J Taylor

REGISTERED OFFICE:

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

BUSINESS ADDRESS:

21 Rigby Close

Heathcote Industrial Estate

Warwick

CV34 6TH

REGISTERED NUMBER:

01883070 (England and Wales)

ACCOUNTANTS:

Moffat Gilbert

5 Clarendon Place

Leamington Spa

Warwickshire

CV32 5QL

FIXED ASSETS

Tangible assets

4

538,379

550,243

CURRENT ASSETS

Stocks

5

22,300

20,685

Debtors

6

1,388,201

813,383

Cash at bank and in hand

85,504

268,032

1,496,005

1,102,100

CREDITORS

Amounts falling due within one year

7

233,747

155,703

NET CURRENT ASSETS

1,262,258

946,397

TOTAL ASSETS LESS CURRENT LIABILITIES

1,800,637

1,496,640

PROVISIONS FOR LIABILITIES

80,108

84,494

NET ASSETS

1,720,529

1,412,146

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,720,429

1,412,046

SHAREHOLDERS' FUNDS

1,720,529

1,412,146

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 9 January 2018 and were signed on its behalf by:

J A Taylor - Director

1.	STATUTORY INFORMATION

Taylor-Pressform 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 net invoiced sales of goods, excluding value added tax. Income is recognised on completion

of customer order, which is when the invoice is raised.Where a customer places a forward order the sale is

recognised as items are called off.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2016

68,521

1,074,669

95,790

11,362

1,250,342

Additions

-

44,495

507

-

45,002

At 30 June 2017

68,521

1,119,164

96,297

11,362

1,295,344

DEPRECIATION

At 1 July 2016

23,291

577,766

88,320

10,722

700,099

Charge for year

1,370

54,139

1,197

160

56,866

At 30 June 2017

24,661

631,905

89,517

10,882

756,965

NET BOOK VALUE

At 30 June 2017

43,860

487,259

6,780

480

538,379

At 30 June 2016

45,230

496,903

7,470

640

550,243

5.

STOCKS

30.6.17

30.6.16

£

£

Stock and work in progress

22,300

20,685

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

613,286

455,127

Amounts owed by group undertakings

747,913

317,444

Prepayments and accrued income

27,002

40,812

1,388,201

813,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

85,030

70,716

Corporation tax

73,928

16,777

Social security and other taxes

42,997

44,030

Other creditors

11,180

17,653

Directors' current accounts

1,121

1,121

Accruals and deferred income

19,491

5,406

233,747

155,703

8.	FIRST YEAR ADOPTION

This is the first year the Company has presented it's results under FRS 102 Section 1A "Small Entities". The last

financial statements for the year ended 30 June 2016 were prepared under previous UK GAAP. The date of

transition was 1 July 2015.

There are no changes which affect the profit and loss or equity as previously reported under UK GAAP and these

financial statements under FRS 102 Section 1A "Small Entities".