Printing World Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05309387 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2014

for

Printing World Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J A Hayes

SECRETARY:

Mrs L A Hayes

REGISTERED OFFICE:

1 Navigation Business Village

Navigation Way

Ashton on Ribble

Preston

Lancashire

PR2 2YP

REGISTERED NUMBER:

05309387 (England and Wales)

ACCOUNTANTS:

Gleeson Bessent

(Accountants & Business Advisors) Limited

Unit 1 Navigation Business Village

Navigation Way

Ashton-on-Ribble

Preston

Lancashire

PR2 2YP

FIXED ASSETS

Tangible assets

2

6,097

5,745

CURRENT ASSETS

Stocks

350

350

Debtors

8,791

3,841

Cash at bank

28,803

12,308

37,944

16,499

CREDITORS

Amounts falling due within one year

15,989

8,095

NET CURRENT ASSETS

21,955

8,404

TOTAL ASSETS LESS CURRENT LIABILITIES

28,052

14,149

PROVISIONS FOR LIABILITIES

821

663

NET ASSETS

27,231

13,486

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

27,221

13,476

SHAREHOLDERS' FUNDS

27,231

13,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8th November 2014 and were signed by:

J A Hayes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

25,240

Additions

2,049

At 31st March 2014

27,289

DEPRECIATION

At 1st April 2013

19,495

Charge for year

1,697

At 31st March 2014

21,192

NET BOOK VALUE

At 31st March 2014

6,097

At 31st March 2013

5,745

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

10

10