Apple Litho (Bristol) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02110674 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

Apple Litho (Bristol) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L A Bracey

M Thomson

REGISTERED OFFICE:

Silverthorne Lane

St Phillips

Bristol

BS2 0QD

REGISTERED NUMBER:

02110674 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

FIXED ASSETS

Tangible assets

4

1,667,931

1,863,361

CURRENT ASSETS

Stocks

22,719

30,917

Debtors

522,514

447,689

Cash at bank and in hand

22,792

9,160

568,025

487,766

CREDITORS

Amounts falling due within one year

646,311

971,358

NET CURRENT LIABILITIES

(78,286

)

(483,592

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,589,645

1,379,769

CREDITORS

Amounts falling due after more than one year

(1,082,520

)

(931,191

)

PROVISIONS FOR LIABILITIES

(101,650

)

(100,485

)

NET ASSETS

405,475

348,093

CAPITAL AND RESERVES

Called up share capital

5

6

6

Retained earnings

405,469

348,087

SHAREHOLDERS' FUNDS

405,475

348,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 January 2019 and were signed on its behalf by:

M Thomson - Director

1.	STATUTORY INFORMATION

Apple Litho (Bristol) Ltd 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 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 each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2017 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

3,830,276

Disposals

(674,575

)

At 30 April 2018

3,155,701

DEPRECIATION

At 1 May 2017

1,966,915

Charge for year

114,890

Eliminated on disposal

(594,035

)

At 30 April 2018

1,487,770

NET BOOK VALUE

At 30 April 2018

1,667,931

At 30 April 2017

1,863,361

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

3

Ordinary A

£1

3

3

3

Ordinary B

£1

3

3

6

6

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from directors subsisted during the years ended 30 April 2018 and

30 April 2017:

2018

2017

£

£

M Thomson

Balance outstanding at start of year

-

3,870

Amounts advanced

62,856

50,903

Amounts repaid

(23,678

)

(54,773

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,178

-

M L A Bracey

Balance outstanding at start of year

9,000

(5,027

)

Amounts advanced

47,486

45,917

Amounts repaid

(23,678

)

(31,890

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,808

9,000

Interest is charged on overdrawn balances at a rate of 3% per HMRC guidelines.

7.	POST BALANCE SHEET EVENTS

After the year end the company has sold the core business and fixed assets. However, the company will

continue to trade under the company name Apple Litho (Bristol) Ltd by providing consultancy services to the

print industry.