PS Mailing Services Limited - Accounts to registrar (filleted) - small 18.2

PS Mailing Services Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05286660(England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

PS Mailing Services Limited

PS Mailing Services Limited (Registered number: 05286660)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PS Mailing Services Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: PK Jacobs





SECRETARY: Mrs S Jacobs





REGISTERED OFFICE: Unit B3
South Western Business Park
Sherborne
Dorset
DT9 3PS





REGISTERED NUMBER: 05286660(England and Wales)





ACCOUNTANTS: Hunts Accountants
The Old Pump House
Oborne Road
Sherborne
Dorset
DT9 3RX

PS Mailing Services Limited (Registered number: 05286660)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,291 26,559

CURRENT ASSETS
Stocks 2,800 2,500
Debtors 5 312,666 420,282
Cash at bank and in hand 235,782 316,776
551,248 739,558
CREDITORS
Amounts falling due within one year 6 274,714 431,793
NET CURRENT ASSETS 276,534 307,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,825

334,324

PROVISIONS FOR LIABILITIES 5,907 4,246
NET ASSETS 305,918 330,078

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 305,718 329,878
SHAREHOLDERS' FUNDS 305,918 330,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PS Mailing Services Limited (Registered number: 05286660)

Balance Sheet - continued
31 December 2018


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 Mr PK Jacobs the director on 2 May 2019and were signed by:





PK Jacobs- Director


PS Mailing Services Limited (Registered number: 05286660)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

PS Mailing Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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 21(2017 - 21) .

PS Mailing Services Limited (Registered number: 05286660)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2018 23,163 117,354 22,926 7,500 170,943
Additions - 20,497 - - 20,497
At 31 December 2018 23,163 137,851 22,926 7,500 191,440
DEPRECIATION
At 1 January 2018 20,844 96,177 21,198 6,165 144,384
Charge for year 580 10,419 432 334 11,765
At 31 December 2018 21,424 106,596 21,630 6,499 156,149
NET BOOK VALUE
At 31 December 2018 1,739 31,255 1,296 1,001 35,291
At 31 December 2017 2,319 21,177 1,728 1,335 26,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 282,906 387,212
Late billed sales 5,500 15,000
Prepayments and accrued income 24,260 18,070
312,666 420,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Bank loans and overdrafts 5,304 3,563
Trade creditors 69,806 121,847
Tax 4,790 7,109
Social security and other taxes 2,057 1,382
VAT 14,882 36,626
Other creditors 83,382 83,461
Directors' current accounts 18,718 25,239
Accrued expenses 75,775 152,566
274,714 431,793