Pre Print Limited - Accounts to registrar (filleted) - small 18.2

Pre Print Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv19.3.0.61901845608Board of Directors1.4.1831.3.1931.3.19falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure018456082018-03-31018456082019-03-31018456082018-04-012019-03-31018456082017-03-31018456082017-04-012018-03-31018456082018-03-3101845608ns15:EnglandWales2018-04-012019-03-3101845608ns14:PoundSterling2018-04-012019-03-3101845608ns10:Director12018-04-012019-03-3101845608ns10:PrivateLimitedCompanyLtd2018-04-012019-03-3101845608ns10:SmallEntities2018-04-012019-03-3101845608ns10:AuditExemptWithAccountantsReport2018-04-012019-03-3101845608ns10:SmallCompaniesRegimeForDirectorsReport2018-04-012019-03-3101845608ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-3101845608ns10:FullAccounts2018-04-012019-03-3101845608ns10:Director22018-04-012019-03-3101845608ns10:Director32018-04-012019-03-3101845608ns10:CompanySecretary12018-04-012019-03-3101845608ns10:RegisteredOffice2018-04-012019-03-3101845608ns5:CurrentFinancialInstruments2019-03-3101845608ns5:CurrentFinancialInstruments2018-03-3101845608ns5:Non-currentFinancialInstruments2019-03-3101845608ns5:Non-currentFinancialInstruments2018-03-3101845608ns5:ShareCapital2019-03-3101845608ns5:ShareCapital2018-03-3101845608ns5:RetainedEarningsAccumulatedLosses2019-03-3101845608ns5:RetainedEarningsAccumulatedLosses2018-03-3101845608ns5:PlantMachinery2018-04-012019-03-3101845608ns5:FurnitureFittings2018-04-012019-03-3101845608ns5:MotorVehicles2018-04-012019-03-3101845608ns5:ComputerEquipment2018-04-012019-03-3101845608ns5:LeaseholdImprovements2018-03-3101845608ns5:PlantMachinery2018-03-3101845608ns5:FurnitureFittings2018-03-3101845608ns5:LeaseholdImprovements2018-04-012019-03-3101845608ns5:LeaseholdImprovements2019-03-3101845608ns5:PlantMachinery2019-03-3101845608ns5:FurnitureFittings2019-03-3101845608ns5:LeaseholdImprovements2018-03-3101845608ns5:PlantMachinery2018-03-3101845608ns5:FurnitureFittings2018-03-3101845608ns5:MotorVehicles2018-03-3101845608ns5:ComputerEquipment2018-03-3101845608ns5:MotorVehicles2019-03-3101845608ns5:ComputerEquipment2019-03-3101845608ns5:MotorVehicles2018-03-3101845608ns5:ComputerEquipment2018-03-3101845608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-03-3101845608ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3101845608ns5:Non-currentFinancialInstruments2018-04-012019-03-31


REGISTERED NUMBER: 01845608(England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2019

for

PRE PRINT LIMITED

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Contents of the Financial Statements
for the Year Ended 31 March 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PRE PRINT LIMITED

Company Information
for the Year Ended 31 March 2019







DIRECTORS: V K Sirpal
Mrs S Sirpal
A K Sirpal



SECRETARY: Mrs S Sirpal



REGISTERED OFFICE: Unit 5 Park Rose Ind Est
Middlemore Road
Smethwick
West Midlands
B66 2DZ



REGISTERED NUMBER: 01845608(England and Wales)



ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW



BANKERS: Barclays Bank Plc
313 High Street
West Bromwich
West Midlands

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Balance Sheet
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,592 133,495

CURRENT ASSETS
Stocks 5 4,400 3,500
Debtors 6 167,343 154,114
Cash at bank 212,504 137,204
384,247 294,818
CREDITORS
Amounts falling due within one year 7 152,091 156,819
NET CURRENT ASSETS 232,156 137,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,748

271,494

CREDITORS
Amounts falling due after more than one year 8 (100,000 ) (101,658 )

PROVISIONS FOR LIABILITIES (24,188 ) (23,609 )
NET ASSETS 243,560 146,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 243,460 146,127
SHAREHOLDERS' FUNDS 243,560 146,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 24 October 2019and were signed on its behalf by:





V K Sirpal- Director


PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements
for the Year Ended 31 March 2019


1. STATUTORY INFORMATION

Pre Print 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that
affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues
and expenses during the year.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% 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.

The Directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are
included.

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.

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.

Employee benefits
The company's holiday period is 1 April - 31 March, therefore no accrued holiday pay provision is required in these
accounts.

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18(2018 - 19) .

4. TANGIBLE FIXED ASSETS
Fixtures
Website Plant and and
Costs machinery fittings
£    £    £   
COST
At 1 April 2018 12,180 215,417 40,149
Additions 5,712 23,878 41
Disposals - (850 ) -
At 31 March 2019 17,892 238,445 40,190
DEPRECIATION
At 1 April 2018 3,239 118,908 32,185
Charge for year 3,092 18,001 1,199
Eliminated on disposal - (473 ) -
At 31 March 2019 6,331 136,436 33,384
NET BOOK VALUE
At 31 March 2019 11,561 102,009 6,806
At 31 March 2018 8,941 96,509 7,964

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2018 16,974 24,914 309,634
Additions - 1,007 30,638
Disposals - - (850 )
At 31 March 2019 16,974 25,921 339,422
DEPRECIATION
At 1 April 2018 6,709 15,098 176,139
Charge for year 4,243 1,629 28,164
Eliminated on disposal - - (473 )
At 31 March 2019 10,952 16,727 203,830
NET BOOK VALUE
At 31 March 2019 6,022 9,194 135,592
At 31 March 2018 10,265 9,816 133,495

5. STOCKS
31.3.19 31.3.18
£    £   
Stocks 4,400 3,500

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 165,240 154,114
Other debtors 2,103 -
167,343 154,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts - 3,054
Trade creditors 25,797 21,773
Taxation and social security 74,566 73,163
Other creditors 51,728 58,829
152,091 156,819

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts - 1,658
Other creditors 100,000 100,000
100,000 101,658

Directors loan of £100,000 are repayable within one year and one day. In accordance with FRS 102 1A these loans have not
been discounted as the discounted element is deemed immaterial.

9. RELATED PARTY DISCLOSURES

Interest is charged on the directors loan account at 10% above the base rate, payable 5 days after the year end.
Interest is calculated monthly at a flat rate

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pre Print Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Pre Print Limited for the year ended 31 March 2019 which comprise the Income Statement, Balance Sheet, Statement
of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pre Print Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pre Print Limited and state those matters that we have agreed to state to the Board of Directors of Pre Print Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pre Print Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pre Print Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pre Print Limited. You consider that Pre Print Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pre Print Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


24 October 2019