Lavenham Press Limited(The) - Accounts to registrar (filleted) - small 18.2
Lavenham Press Limited(The) - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| LAVENHAM PRESS LIMITED(THE) |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2018 |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| LAVENHAM PRESS LIMITED(THE) |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| BALANCE SHEET - continued |
| 31 MARCH 2018 |
| 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 by: |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Lavenham Press Limited(The) is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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 shown in the income statement represents the total amount receivable by the company for goods |
| supplied and services provided, excluding VAT and trade discounts. |
| Depreciation |
| Depreciation is provided at the following annual rates in order to write off each asset less its estimated |
| residual value, over its estimated useful life as follows: |
| Improvements to property | - 10% straight line |
| Plant and machinery | - 10 - 33% straight line |
| Motor vehicles | - 25% straight line |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Work in progress |
| Work in progress is valued on the basis of direct costs. Provision is made for any foreseeable losses where |
| appropriate. No element of profit is included in the valuation of work in progress. |
| 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. |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred taxation |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Hire purchase agreements |
| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their |
| fair value. The capital element of the future payments is treated as a liability and the interest is charged to |
| the profit and loss account on a straight line basis. |
| Operating lease agreements |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain |
| with the lessor are charged against profits on a straight line basis over the period of the lease. |
| Pension costs |
| The company operates a defined contribution pension scheme for employees. The assets of the scheme are |
| held separately from those of the company. The annual contributions payable are charged to the profit and |
| loss account. |
| Subvention |
| Where tax losses are surrendered between group companies the company surrendering the loss receives |
| compensation from the recipient company in the form of subvention payments. The value of the subvention |
| payment is the amount of tax saved by the recipient company. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Improvements |
| to | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank overdraft |
| Hire purchase contracts |
| Trade creditors |
| Amounts due to group undertakings |
| Corporation tax |
| Other taxes and social security |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| LAVENHAM PRESS LIMITED(THE) (REGISTERED NUMBER: 00519606) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank overdrafts |
| Hire purchase contracts | 212,849 | 240,986 |
| Bank borrowings are secured by fixed charges over plant owned by the company and over the freehold |
| property owned by its parent company. |
| Hire purchase assets are secured on the assets concerned. |