Company Registration No. 01593754 (England and Wales)
RIDER PRESS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
RIDER PRESS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RIDER PRESS LIMITED
Company Registration No. 01593754
ABBREVIATED BALANCE SHEET
AS AT 31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
23,498
Current assets
Stocks
975
2,338
Debtors
28,831
36,543
Cash at bank and in hand
2,565,811
2,540,279
2,595,617
2,579,160
Creditors: amounts falling due within one year
(33,273)
(45,149)
Net current assets
2,562,344
2,534,011
Total assets less current liabilities
2,562,344
2,557,509
Creditors: amounts falling due after more than one year
(298,319)
(276,928)
Provisions for liabilities
-
(3,667)
2,264,025
2,276,914
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
2,263,025
2,275,914
Shareholder's funds
2,264,025
2,276,914
RIDER PRESS LIMITED
Company Registration No. 01593754
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT 31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 September 2016
A M Rider
Director
RIDER PRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover comprises revenue recognised by the company in respect of printing services supplied during the year, exclusive of Value Added Tax and trade discounts. Income is recognised in the period in which the service is supplied.comprises revenue recognised by the company in respect of printing services supplied during the year, exclusive of Value Added Tax and trade discounts.
Income is recognised in the period in which the service is supplied.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% per annum on written down value
Equipment
25% per annum on written down value
1.4
Stock
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation. A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted. between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
RIDER PRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
295,811
Disposals
(295,811)
At 31 December 2015
-
Depreciation
At 1 January 2015
272,313
On disposals
(272,313)
At 31 December 2015
-
Net book value
At 31 December 2015
-
At 31 December 2014
23,498
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
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