Company Registration No. 02419890 (England and Wales)
Providence Print & Mailing Limited
Unaudited accounts
for the year ended 30 November 2018
Providence Print & Mailing Limited
Unaudited accounts
Contents
Providence Print & Mailing Limited
Company Information
for the year ended 30 November 2018
Company Number
02419890 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Providence Print & Mailing Limited
Statement of financial position
as at 30 November 2018
Tangible assets
838,728
861,292
Cash at bank and in hand
230,462
333,342
Creditors: amounts falling due within one year
(742,150)
(754,882)
Net current liabilities
(83,705)
(7,159)
Total assets less current liabilities
755,024
854,134
Creditors: amounts falling due after more than one year
(10,819)
(28,642)
Provisions for liabilities
Deferred tax
(131,012)
(135,870)
Net assets
613,193
689,622
Called up share capital
11,997
11,997
Capital redemption reserve
58,231
58,231
Profit and loss account
542,965
619,394
Shareholders' funds
613,193
689,622
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 May 2019.
R Pack
Director
Company Registration No. 02419890
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2018
Providence Print & Mailing Limited is a private company, limited by shares, registered in England and Wales, registration number 02419890. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
in accordance with the property
Plant & machinery
5% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2017
34,449
1,492,768
75,611
167,857
1,770,685
Additions
-
4,395
21,745
5,744
31,884
Disposals
-
-
(21,783)
-
(21,783)
At 30 November 2018
34,449
1,497,163
75,573
173,601
1,780,786
At 1 December 2017
18,102
666,356
72,343
152,592
909,393
Charge for the year
817
41,540
5,708
4,202
52,267
On disposals
-
-
(19,602)
-
(19,602)
At 30 November 2018
18,919
707,896
58,449
156,794
942,058
At 30 November 2018
15,530
789,267
17,124
16,807
838,728
At 30 November 2017
16,347
826,412
3,268
15,265
861,292
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2018
5
Investments
Subsidiary undertakings
Valuation at 1 December 2017
1
Valuation at 30 November 2018
1
The Company owns 100% of the issued share capital of Providence Payroll Limited (Company Number 06475977). This Company employs, manages and controls all of the labour force of the business.
Finished goods
10,433
5,147
Trade debtors
410,027
409,234
Accrued income and prepayments
7,523
-
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
328,929
355,961
Obligations under finance leases and hire purchase contracts
6,492
105,358
Trade creditors
255,713
173,637
Amounts owed to group undertakings and other participating interests
9,143
16,211
Taxes and social security
46,362
71,626
Loans from directors
25,119
23,939
Lloyds TSB Commercial Finance Limited have a fixed and floating charge under their all assets debenture dated 27th October 2010.
9
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
10,819
28,642
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
11,797 10% Redeemable Cumulative Preference Shares of £1 each
11,797
11,797
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2018
11
Transactions with related parties
During the year £775,490 (2016: £768851) was paid to Providence Payroll Limited in respect of wages and salaries for the year. Included in that amount was £192,534 (2016: £162167) paid to the directors.
The amount owed from Providence Payroll Limited at 30th November 2017 was £7,211 (2016: £16708).
The subsidiary company supplied 22 full time staff to the company during the year (2017: 22)
12
Average number of employees
During the year the average number of employees was 0 (2017: 0).