| The Graphics Company Limited (a company limited by guarantee) |
| Directors' Report |
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| Directors |
| The following persons served as directors during the year: |
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S.L. West |
|
C.J. Booth |
|
R. McLeod |
|
L.K. Dougan (appointed 3 December 2014) |
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| Directors' responsibilities |
| The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. |
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| Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: |
| ● |
select suitable accounting policies and then apply them consistently; |
| ● |
make judgements and estimates that are reasonable and prudent; |
| ● |
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
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| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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| This report was approved by the board on 8 June 2016 and signed by its order. |
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| S.L. West |
| Secretary |
|
| The Graphics Company Limited (a company limited by guarantee) |
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| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Graphics Company Limited (a company limited by guarantee) for the year ended 30 September 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Graphics Company Limited (a company limited by guarantee) for the year ended 30 September 2015 which comprise of the Profit and Loss Account and the Balance Sheet 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 of Scotland, we are subject to its ethical and other professional requirements. |
| This report is made solely to the Board of Directors of The Graphics Company Limited (a company limited by guarantee), as a body. Our work has been undertaken solely to prepare for your approval the accounts of The Graphics Company Limited (a company limited by guarantee) and state those matters that we have agreed to state to the Board of Directors of The Graphics Company Limited (a company limited by guarantee), as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Graphics Company Limited (a company limited by guarantee) and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that The Graphics Company Limited (a company limited by guarantee) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Graphics Company Limited (a company limited by guarantee). You consider that The Graphics Company Limited (a company limited by guarantee) 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 accounts of The Graphics Company Limited (a company limited by guarantee). 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 accounts. |
|
| Barclay & Co |
| Chartered Accountants |
| Mill Road Estate |
| Linlithgow |
| West Lothian |
| EH49 7SF |
|
| 8 June 2016 |
|
| The Graphics Company Limited (a company limited by guarantee) |
| Registered number: |
SC117506 |
| Balance Sheet |
| as at 30 September 2015 |
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|
2015 |
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|
2014 |
| £ |
£ |
|
| Fixed assets |
|
|
|
6,853 |
|
|
5,982 |
| Current assets |
|
|
15,520 |
|
|
29,602 |
| Prepayments and accrued income |
|
|
17,881 |
|
|
6,763 |
|
|
|
33,401 |
|
|
36,365 |
| Creditors: amounts falling due within one year |
|
|
(16,086) |
|
|
(21,383) |
| Net current assets |
|
|
|
17,315 |
|
|
14,982 |
| Total assets less current liabilities |
|
|
|
24,168 |
|
|
20,964 |
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(6,777) |
| Accruals and deferred income |
|
|
|
(7,932) |
|
|
(6,962) |
| Net assets |
|
|
|
16,236 |
|
|
7,225 |
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|
|
|
|
|
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| Capital and reserves |
|
|
|
16,236 |
|
|
7,225 |
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|
|
|
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and the Financial Reporting Standard For Smaller Entities (effective January 2015). The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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| R. McLeod |
S.L. West |
| Director |
Director |
| Approved by the board on 8 June 2016 |
