Technique Print Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03887452 (England and Wales)

TECHNIQUE PRINT GROUP LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

532,694

556,995

Investments

6

100

100

532,794

557,095

CURRENT ASSETS

Stocks

35,959

16,268

Debtors

7

709,403

685,884

Cash at bank and in hand

3,502

24,905

748,864

727,057

CREDITORS

Amounts falling due within one year

8

712,385

722,637

NET CURRENT ASSETS

36,479

4,420

TOTAL ASSETS LESS CURRENT LIABILITIES

569,273

561,515

CREDITORS

Amounts falling due after more than one year

9

(22,470

)

(36,909

)

PROVISIONS FOR LIABILITIES

(62,648

)

(64,409

)

NET ASSETS

484,155

460,197

CAPITAL AND RESERVES

Called up share capital

220

220

Retained earnings

483,935

459,977

SHAREHOLDERS' FUNDS

484,155

460,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 15 June 2018 and were signed on its behalf by:

M R Foster - Director

K D Smith - Director

1.	STATUTORY INFORMATION

Technique Print Group Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address are as below:

Registered number:

03887452

Registered office:

5 Wildmere Close

Wildmere Industrial Estate

Banbury

Oxfordshire

OX16 3TL

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on cost, 20% on reducing balance and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Profit and

Loss Account, 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.

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.

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.

Directors' pension schemes

The company makes contributions to the personal pension schemes of the two directors.

The contributions are charged to the profit and loss account in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2017 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

18,324

AMORTISATION

At 1 April 2017

and 31 March 2018

18,324

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

1,248,325

Additions

55,411

At 31 March 2018

1,303,736

DEPRECIATION

At 1 April 2017

691,330

Charge for year

79,712

At 31 March 2018

771,042

NET BOOK VALUE

At 31 March 2018

532,694

At 31 March 2017

556,995

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

follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

725,650

Additions

52,765

Transfer to ownership

(22,350

)

At 31 March 2018

756,065

DEPRECIATION

At 1 April 2017

345,892

Charge for year

53,620

Transfer to ownership

(12,922

)

At 31 March 2018

386,590

NET BOOK VALUE

At 31 March 2018

369,475

At 31 March 2017

379,758

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

100

NET BOOK VALUE

At 31 March 2018

100

At 31 March 2017

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

321,169

297,240

Other debtors

388,234

388,644

709,403

685,884

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,998

-

Hire purchase contracts

53,214

93,678

Trade creditors

329,946

267,114

Taxation and social security

93,337

144,296

Other creditors

233,890

217,549

712,385

722,637

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

22,470

36,909

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

75,684

130,587

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made available to the directors unsecured loans by way of

advances and credits. The total of advances and credits made during the year was

£117,026. The total of repayments made during the year was £140,000. The loans were

unsecured and interest free.