Plimsoll Publishing Limited - Accounts to registrar - small 16.3d

Plimsoll Publishing Limited - Accounts to registrar - small 16.3d

PLIMSOLL PUBLISHING LIMITED - Company Information

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IRIS Accounts Production v16.3.0.987 02102017 Board of Directors 1.1.16 31.12.16 31.12.16 true false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure021020172015-12-31021020172016-12-31021020172016-01-012016-12-31021020172014-12-31021020172015-01-012015-12-31021020172015-12-3102102017ns15:EnglandWales2016-01-012016-12-3102102017ns14:PoundSterling2016-01-012016-12-3102102017ns10:Director12016-01-012016-12-3102102017ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3102102017ns10:SmallEntities2016-01-012016-12-3102102017ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3102102017ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3102102017ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3102102017ns10:AbridgedAccounts2016-01-012016-12-3102102017ns10:Director22016-01-012016-12-3102102017ns10:Director32016-01-012016-12-3102102017ns10:CompanySecretary12016-01-012016-12-3102102017ns10:RegisteredOffice2016-01-012016-12-3102102017ns5:CurrentFinancialInstruments2016-12-3102102017ns5:CurrentFinancialInstruments2015-12-3102102017ns5:Non-currentFinancialInstruments2016-12-3102102017ns5:Non-currentFinancialInstruments2015-12-3102102017ns5:ShareCapital2016-12-3102102017ns5:ShareCapital2015-12-3102102017ns5:RetainedEarningsAccumulatedLosses2016-12-3102102017ns5:RetainedEarningsAccumulatedLosses2015-12-31
REGISTERED NUMBER: 02102017 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PLIMSOLL PUBLISHING LIMITED

PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PLIMSOLL PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Mr D J Turkington B Agr
Mrs E A McMorris B A
Mr D J Turkington B Sc, MBA





SECRETARY: Mrs E A McMorris B A





REGISTERED OFFICE: Scotswood House
Thornaby Place
Thornaby
Stockton-on-Tees
TS17 6SB





REGISTERED NUMBER: 02102017 (England and Wales)





ACCOUNTANTS: Cave Adams
12 Letch Road
Stockton-on-Tees
Cleveland
TS20 1JD
Page 1
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,046 173,302
Investments 5 100 100
195,146 173,402

CURRENT ASSETS
Stocks 38,458 46,087
Debtors 698,899 635,798
Cash at bank 377,516 332,652
1,114,873 1,014,537
CREDITORS
Amounts falling due within one year 501,482 494,699
NET CURRENT ASSETS 613,391 519,838
TOTAL ASSETS LESS CURRENT
LIABILITIES
808,537
693,240

CREDITORS
Amounts falling due after more than one
year
6
23,528
7,188
NET ASSETS 785,009 686,052

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 784,009 685,052
SHAREHOLDERS' FUNDS 785,009 686,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 April 2017 and were signed on its behalf by:





Mr D J Turkington B Sc, MBA - Director


The notes form part of these financial statements

Page 3
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Plimsoll Publishing Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Plimsoll Publishing Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost, 10% on cost and at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 707,858
Additions 193,590
Disposals (160,137 )
At 31 December 2016 741,311
DEPRECIATION
At 1 January 2016 534,556
Charge for year 91,663
Eliminated on disposal (79,954 )
At 31 December 2016 546,265
NET BOOK VALUE
At 31 December 2016 195,046
At 31 December 2015 173,302

Page 5 continued...
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1 January 2016 342,328
Additions 31,448
Disposals (18,684 )
At 31 December 2016 355,092
DEPRECIATION
At 1 January 2016 315,250
Charge for year 23,441
Eliminated on disposal (13,999 )
At 31 December 2016 324,692
NET BOOK VALUE
At 31 December 2016 30,400
At 31 December 2015 27,078

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2016
and 31 December 2016 100
NET BOOK VALUE
At 31 December 2016 100
At 31 December 2015 100

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Finance leases 23,528 7,188

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Finance leases 29,818 32,740

Page 6 continued...
PLIMSOLL PUBLISHING LIMITED (REGISTERED NUMBER: 02102017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

8. FIRST YEAR ADOPTION

The company has not included the Reconciliations of Equity and Profit or Loss reports in the full financial
statements as the adoption of FRS 102 has not given rise to any changes in the balances.


Page 7