Printdirect (U.K.) Limited - Period Ending 2016-10-31

Registration number: 03994500

Printdirect (U.K.) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Stubbs Parkin Limited
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Printdirect (U.K.) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Printdirect (U.K.) Limited
(Registration number: 03994500)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £						2015 £
	£			£			£			£
Fixed assets
Tangible fixed assets								387,935						390,214
Current assets
Debtors					4,867						19,118
Cash at bank and in hand					984						3,436
					5,851						22,554
Creditors: Amounts falling due within one year					(53,912)						(53,043)
Net current liabilities								(48,061)						(30,489)
Total assets less current liabilities								339,874						359,725
Creditors: Amounts falling due after more than one year								(168,127)						(180,635)
Net assets								171,747						179,090
Capital and reserves
Called up share capital		3			2						2
Revaluation reserve					109,225						109,225
Profit and loss account					62,520						69,863
Shareholders' funds								171,747						179,090

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Printdirect (U.K.) Limited
(Registration number: 03994500)
Abbreviated Balance Sheet at 31 October 2016
......... continued

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 July 2017 and signed on its behalf by:

.........................................
Mrs J Y Ashworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Printdirect (U.K.) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance
Office equipment	15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		527,638			527,638
At 31 October 2016		527,638			527,638
Depreciation
At 1 November 2015		137,424			137,424
Charge for the year		2,279			2,279
At 31 October 2016		139,703			139,703
Net book value
At 31 October 2016		387,935			387,935
At 31 October 2015		390,214			390,214

Page 3

Printdirect (U.K.) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4