Bayliss Printing Company Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00969252 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

BAYLISS PRINTING COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs I A Phillips

Mr A L Johnson

Mr J Bayliss

SECRETARY:

Mr A L Johnson

REGISTERED OFFICE:

Coach Close

Shireoaks Triangle

Worksop

Nottinghamshire

S81 8AP

REGISTERED NUMBER:

00969252 (England and Wales)

ACCOUNTANTS:

Anderson & Co

18 Diamond Avenue

Kirkby in Ashfield

Nottinghamshire

NG17 7GR

FIXED ASSETS

Intangible assets

2

-

10,000

Tangible assets

3

1,585,152

1,882,215

1,585,152

1,892,215

CURRENT ASSETS

Stocks

16,210

15,250

Debtors

508,400

606,732

Cash at bank and in hand

82,775

153,854

607,385

775,836

CREDITORS

Amounts falling due within one year

4

853,537

961,152

NET CURRENT LIABILITIES

(246,152

)

(185,316

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,339,000

1,706,899

CREDITORS

Amounts falling due after more than one
year

4

(1,056,244

)

(1,335,202

)

PROVISIONS FOR LIABILITIES

(81,330

)

(92,189

)

NET ASSETS

201,426

279,508

CAPITAL AND RESERVES

Called up share capital

5

130

Profit and loss account

201,296

279,378

SHAREHOLDERS' FUNDS

201,426

279,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 September 2016 and were signed on its behalf
by:

Mrs I A Phillips - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

No depreciation is provided on Freehold Land and Buildings which in the opinion of the Directors, have a value

in excess of that shown in the Financial Statements. Depreciation is provided on other fixed assets at rates

calculated to write off the cost of those assets over their expected useful life as follows:

Plant and Equipment

10-25%

reducing balance basis

Motor Vehicles

25%

reducing balance basis

Fixtures and Fittings

15%

reducing balance basis

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

40,000

AMORTISATION

At 1 May 2015

30,000

Amortisation for year

10,000

At 30 April 2016

40,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

2,437,164

Additions

39,068

Disposals

(168,633

)

At 30 April 2016

2,307,599

DEPRECIATION

At 1 May 2015

554,949

Charge for year

175,510

Eliminated on disposal

(8,012

)

At 30 April 2016

722,447

NET BOOK VALUE

At 30 April 2016

1,585,152

At 30 April 2015

1,882,215

4.

CREDITORS

Creditors include an amount of £ 1,184,708 (30.4.15 - £ 1,348,157 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable by instalments

301,859

491,791

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

130

Ordinary Shares

£1

130