North Parade Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04218112 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

North Parade Publishing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R Hicks

A D Hicks

SECRETARY:

G J Morley-Jones

REGISTERED OFFICE:

4 North Parade

Bath

BA1 1LF

REGISTERED NUMBER:

04218112 (England and Wales)

FIXED ASSETS

Property, plant and equipment

4

111,842

14,408

CURRENT ASSETS

Inventories

890,233

698,014

Debtors

5

693,504

782,755

Cash at bank and in hand

62,175

32,093

1,645,912

1,512,862

CREDITORS

Amounts falling due within one year

6

1,357,991

1,337,246

NET CURRENT ASSETS

287,921

175,616

TOTAL ASSETS LESS CURRENT LIABILITIES

399,763

190,024

PROVISIONS FOR LIABILITIES

20,124

245

NET ASSETS

379,639

189,779

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

376,639

186,779

379,639

189,779

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.

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 21 January 2019 and were signed on its behalf by:

P R Hicks - Director

1.	STATUTORY INFORMATION

North Parade Publishing Limited 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

Revenue 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 etc

-

33% on cost and 10% on cost

Stocks

Inventories 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2017

73,444

Additions

113,251

At 30 April 2018

186,695

DEPRECIATION

At 1 May 2017

59,036

Charge for year

15,817

At 30 April 2018

74,853

NET BOOK VALUE

At 30 April 2018

111,842

At 30 April 2017

14,408

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

644,945

738,914

Other debtors

48,559

43,841

693,504

782,755

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

-

15

Trade creditors

761,475

676,658

Amounts owed to group undertakings

58,332

-

Taxation and social security

22,399

42,169

Other creditors

515,785

618,404

1,357,991

1,337,246

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Trade creditors

196,261

202,851

There is an all asset debenture giving a fixed and floating charge over the undertaking and all assets of the

company.