Pad Printers Limited - Accounts to registrar (filleted) - small 18.2
Pad Printers Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| FOR |
| PAD PRINTERS LIMITED |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| PAD PRINTERS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 123 Wellington Road South |
| Stockport |
| Cheshire |
| SK1 3TH |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| BALANCE SHEET |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| BALANCE SHEET - continued |
| 31ST MARCH 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Pad Printers Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total amount receivable by the company for goods supplied and services provided, |
| excluding value added tax and trade discounts. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 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. |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Debt factoring |
| The company factors its sales invoices and due to the nature of the factoring contract shows its gross debts as a |
| current asset and its liability to the factoring agent as a current liability. Expenses and interest charged by the |
| factoring agent are charged to the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1st April 2018 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| Revaluation adjustments |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| Cost or valuation at 31st March 2019 is represented by: |
| Plant and |
| machinery |
| etc |
| £ |
| Valuation in 2019 | 79,770 |
| Cost | 468,931 |
| 548,701 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| a. Creditors: amounts falling due within one year |
| Creditors include sales invoice financing, hire purchase contracts and a loan from a pension scheme which are |
| secured of £316,806 (2018 £282,772). The sales invoice financing is secured by a charge over the company's |
| debtors, the hire purchase contracts are secured on the assets concerned and the loan from the pension scheme is |
| secured on certain items of plant and machinery. |
| b. Creditors: amounts falling due after more than one year |
| Creditors include hire purchase contracts and a loan from a pension scheme which are secured of £6,757 (2018 |
| £11,794). The hire purchase contracts are secured on the assets concerned and the loan from the pension scheme |
| is secured on certain items of plant and mac |
| 9. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 45,577 | 43,005 |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2018 |
| Transfer from profit and loss | (5,923 | ) |
| Transfer from OCI | 8,495 |
| Balance at 31st March 2019 |
| Deferred tax arises as a result of accelerated capital allowances on fixed assets and revaluation of plant and |
| machinery. |
| PAD PRINTERS LIMITED (REGISTERED NUMBER: 04190049) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary A shares | £0.50 | 50 | 50 |
| Ordinary B shares | £0.50 | 50 | 50 |
| 100 | 100 |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Revaluation during the year | 41,478 |
| At 31st March 2019 |