Your Print Specialists Ltd - Abbreviated accounts 16.1

Your Print Specialists Ltd - Abbreviated accounts 16.1


068305821.4.1531.3.1631.3.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068305822015-03-31068305822016-03-31068305822015-04-012016-03-31068305822014-03-31068305822014-04-012015-03-31068305822015-03-3106830582ns14:PoundSterling2015-04-012016-03-3106830582ns7:Director12015-04-012016-03-3106830582ns7:OrdinaryShareClass12015-04-012016-03-3106830582ns7:RegisteredOffice2015-04-012016-03-3106830582ns7:EntityAccountantsOrAuditors2015-04-012016-03-3106830582ns7:OrdinaryShareClass12016-03-3106830582ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 06830582















Your Print Specialists Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016






Your Print Specialists Ltd (Registered number: 06830582)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










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 2016







DIRECTOR: G Brown





REGISTERED OFFICE: Unit 8 Locomotion Way
Camperdown Ind Est
Killingworth
Newcastle
Tyne and Wear
NE12 5US





REGISTERED NUMBER: 06830582





ACCOUNTANTS: Blu Sky Chartered Accountants
17 Northumberland Square
North Shields
NE30 1PX

Your Print Specialists Ltd (Registered number: 06830582)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 35,932 47,317

CURRENT ASSETS
Stocks 81,775 111,303
Debtors 209,791 170,367
Cash at bank 42,970 500
334,536 282,170
CREDITORS
Amounts falling due within one year 339,879 298,572
NET CURRENT LIABILITIES (5,343 ) (16,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,589

30,915

CREDITORS
Amounts falling due after more than one
year

9,631

22,505
NET ASSETS 20,958 8,410

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 20,858 8,310
SHAREHOLDERS' FUNDS 20,958 8,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 August 2016and were signed by:





G Brown- Director


Your Print Specialists Ltd (Registered number: 06830582)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


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).

Going concern
The director believes that the trade in the current year is sustainable into the foreseeable future and agrees that
the initial funding provided by him will not be withdrawn in the near future.

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.

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 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 97,462
Additions 9,414
At 31 March 2016 106,876
DEPRECIATION
At 1 April 2015 50,145
Charge for year 20,799
At 31 March 2016 70,944
NET BOOK VALUE
At 31 March 2016 35,932
At 31 March 2015 47,317

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1 100 100