PS Mailing Services Limited - Accounts to registrar - small 17.1.1

PS Mailing Services Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: 05286660(England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

PS Mailing Services Limited

PS Mailing Services Limited (Registered number: 05286660)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PS Mailing Services Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: PK Jacobs





SECRETARY: Mrs S Jacobs





REGISTERED OFFICE: Unit B3
South Western Business Park
Sherborne
Dorset
DT9 3PS





REGISTERED NUMBER: 05286660(England and Wales)





ACCOUNTANTS: Hunts Accountants
The Old Pump House
Oborne Road
Sherborne
Dorset
DT9 3RX

PS Mailing Services Limited (Registered number: 05286660)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,492 40,673

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 393,114 481,462
Cash at bank and in hand 496,056 490,316
891,670 974,278
CREDITORS
Amounts falling due within one year 6 563,601 613,702
NET CURRENT ASSETS 328,069 360,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,561

401,249

PROVISIONS FOR LIABILITIES 5,562 -
NET ASSETS 353,999 401,249

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 353,799 401,149
SHAREHOLDERS' FUNDS 353,999 401,249

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

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

The financial statements were approved by Mr PK Jacobs the director on 9 June 2017and were signed by:



PK Jacobs- Director


PS Mailing Services Limited (Registered number: 05286660)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

PS Mailing Services 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.

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.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

PS Mailing Services Limited (Registered number: 05286660)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22.

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2016 23,163 112,201 22,843 7,500 165,707
Additions - 1,233 83 - 1,316
At 31 December 2016 23,163 113,434 22,926 7,500 167,023
DEPRECIATION
At 1 January 2016 19,040 81,013 19,854 5,127 125,034
Charge for year 1,031 8,105 768 593 10,497
At 31 December 2016 20,071 89,118 20,622 5,720 135,531
NET BOOK VALUE
At 31 December 2016 3,092 24,316 2,304 1,780 31,492
At 31 December 2015 4,123 31,188 2,989 2,373 40,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 372,400 467,644
Prepayments and accrued income 20,714 13,818
393,114 481,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts 2,589 11,263
Trade creditors 310,235 351,485
Tax 4,278 12,081
Social security and other taxes 1,432 2,520
VAT 20,339 17,211
Other creditors 85,100 62,740
Directors' current accounts 21,700 13,260
Accrued expenses 117,928 143,142
563,601 613,702