Your Print Specialists Ltd - Limited company - abbreviated - 11.9
Your Print Specialists Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
Your Print Specialists Ltd |
Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
Your Print Specialists Ltd (Registered number: 06830582) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Your Print Specialists Ltd |
Company Information |
for the Year Ended 31 March 2015 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Your Print Specialists Ltd (Registered number: 06830582) |
Abbreviated Balance Sheet |
31 March 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director on |
Your Print Specialists Ltd (Registered number: 06830582) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial Statements have been prepared under the historical cost convention, and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of |
Value Added Tax. |
Turnover is recognised when goods and services are physically delivered to the customer. |
Delivered goods/ services not invoiced at the year end are included in accrued income. Invoiced goods and |
services are included in debtors. Where customers pay in advance for goods and services, the amount is |
recorded as deferred income until the goods and services have been delivered. |
Tangible fixed assets |
All fixed assets are initially recorded at the lower of cost and net realisable value, less accumulated depreciation |
and less amounts recognised in respect of impairment. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of |
the entity after deducting all of its financial liabilities. |
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar |
debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented |
as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the |
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the |
outstanding liability. |
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability |
then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are |
debited direct to equity. |
Compound instruments |
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the |
liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability |
component is accounted for as a financial liability. |
The residual is the difference between the net proceeds of issue and the liability component (at time of issue) |
The residual is the equity component, which is accounted for as an equity instrument. |
The interest expense on the liability component is calculated applying the effective interest rate for the liability |
component of the instrument. The difference between this amount and any repayments is added to the carrying |
amount of the liability in the balance sheet. |
Your Print Specialists Ltd (Registered number: 06830582) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
Additions |
At 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | 1 |