Distinctive Publishing Limited - Abbreviated accounts 16.3
Distinctive Publishing Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 November 2016 |
| for |
| Distinctive Publishing Limited |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Distinctive Publishing Limited |
| Company Information |
| for the Year Ended 30 November 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Business Advisers |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Abbreviated Balance Sheet |
| 30 November 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 | 20 | 20 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 November 2016 |
| 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 services, excluding value added tax. Turnover is recognised once a |
| contractual order has been received. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred, except for |
| expenditure on related assets, which are disclosed in these financial statements as intangible assets, and |
| written off over the expected useful life of those assets, being 4 years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred tax is recognised in |
| respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
| deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the |
| timing differences are expected to reverse, based on tax rates and laws enacted by the balance sheet date. |
| 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. |
| 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. |
| Grant income |
| Revenue based grants are credited to the profit and loss account in the period in which the revenue |
| expenditure to which they relate is charged. Capital based grants are credited to the profit and loss account |
| over the useful life of the asset. |
| Financial instruments |
| Financial instruments are classified and accounted for according to the substance of the contractual |
| arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| Investments |
| Fixed asset investments are included in the company's balance sheet at cost less any amounts written off for |
| permanent diminution in value. |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| AMORTISATION |
| At 1 December 2015 |
| Amortisation for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 December 2015 |
| and 30 November 2016 | 20 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary 'A' | £1 |
| Ordinary 'B' | £1 |
| Ordinary 'C' | £1 |
| Ordinary 'D' | £1 |
| 30 | Ordinary 'E' | £1 | 30 | 30 |
| 1,000 | 1,000 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 November 2016 and |
| 30 November 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The above loan was made at arm's length, interest free and is repayable on demand. |