St Omers Press Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05358924 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

ST OMERS PRESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C J Page

Mr A J S Eyre

J A Graffius

G J Lagerberg

A C F Verity

REGISTERED OFFICE:

Stonyhurst College

Stonyhurst

Clitheroe

Lancashire

BB7 9PZ

REGISTERED NUMBER:

05358924 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Tangible assets

3

50

66

CURRENT ASSETS

Stocks

4

10,516

13,145

Debtors

5

98

98

Cash at bank

7,889

1,426

18,503

14,669

CREDITORS

Amounts falling due within one year

6

36,073

32,255

NET CURRENT LIABILITIES

(17,570

)

(17,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,520

)

(17,520

)

RESERVES

Income and expenditure account

7

(17,520

)

(17,520

)

(17,520

)

(17,520

)

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 surplus or deficit 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 11 January 2019 and were signed on its behalf by:

Mr A J S Eyre - Director

Mr C J Page - Director

1.	STATUTORY INFORMATION

St Omers Press Limited is a private company, limited by guarantee , 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.

Plant and machinery

-

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 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2017

and 30 April 2018

2,015

DEPRECIATION

At 1 May 2017

1,949

Charge for year

16

At 30 April 2018

1,965

NET BOOK VALUE

At 30 April 2018

50

At 30 April 2017

66

4.

STOCKS

2018

2017

£

£

Stocks

10,516

13,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

98

98

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Stonyhurst College Loan

35,581

31,763

Accrued expenses

492

492

36,073

32,255

7.

RESERVES

Income

and

expenditure

account

£

At 1 May 2017

(17,520

)

Surplus for the year

-

At 30 April 2018

(17,520

)

8.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to

financially support the company for the foreseeable future.