Pre Print Limited - Accounts to registrar (filleted) - small 17.3

Pre Print Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 01845608(England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2017

for

PRE PRINT LIMITED

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PRE PRINT LIMITED

Company Information
for the Year Ended 31 March 2017







DIRECTORS: V K Sirpal
Mrs S Sirpal
A K Sirpal



SECRETARY: Mrs S Sirpal



REGISTERED OFFICE: Unit 5 Park Rose Ind Est
Middlemore Road
Smethwick
West Midlands
B66 2DZ



REGISTERED NUMBER: 01845608(England and Wales)



ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW



BANKERS: Barclays Bank Plc
313 High Street
West Bromwich
West Midlands

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,605 108,859

CURRENT ASSETS
Stocks 5 3,000 5,500
Debtors 6 202,094 139,685
Cash at bank 109,778 30,574
314,872 175,759
CREDITORS
Amounts falling due within one year 7 219,803 154,088
NET CURRENT ASSETS 95,069 21,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,674

130,530

CREDITORS
Amounts falling due after more than one
year

8

(84,712

)

(80,000

)

PROVISIONS FOR LIABILITIES (22,855 ) (19,462 )
NET ASSETS 118,107 31,068

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,007 30,968
SHAREHOLDERS' FUNDS 118,107 31,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Balance Sheet - continued
31 March 2017


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 the Board of Directors on 12 December 2017and were signed on its behalf
by:





V K Sirpal- Director


PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Pre Print 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and
assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenses during the year.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% 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.

The Directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future
sales are included.

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 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.

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


2. ACCOUNTING POLICIES - continued

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.

Employee benefits
The company's holiday period is 1 April - 31 March, therefore no accrued holiday pay provision is required in
these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18.

4. TANGIBLE FIXED ASSETS
Fixtures
Website Plant and and
Costs machinery fittings
£    £    £   
COST
At 1 April 2016 - 316,588 39,990
Additions 12,180 18,995 -
Disposals - (148,413 ) -
At 31 March 2017 12,180 187,170 39,990
DEPRECIATION
At 1 April 2016 - 232,659 29,158
Charge for year 259 13,735 1,624
Eliminated on disposal - (144,517 ) -
At 31 March 2017 259 101,877 30,782
NET BOOK VALUE
At 31 March 2017 11,921 85,293 9,208
At 31 March 2016 - 83,929 10,832

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2016 9,999 20,898 387,475
Additions 16,975 2,135 50,285
Disposals (10,000 ) - (158,413 )
At 31 March 2017 16,974 23,033 279,347
DEPRECIATION
At 1 April 2016 5,000 11,799 278,616
Charge for year 3,718 1,560 20,896
Eliminated on disposal (6,253 ) - (150,770 )
At 31 March 2017 2,465 13,359 148,742
NET BOOK VALUE
At 31 March 2017 14,509 9,674 130,605
At 31 March 2016 4,999 9,099 108,859

5. STOCKS
31.3.17 31.3.16
£    £   
Stocks 3,000 5,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 201,059 137,819
Prepayments 1,035 1,866
202,094 139,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts - 7,268
Hire purchase contracts 2,813 -
Trade creditors 40,144 54,645
Tax 23,392 9,748
Social security and other taxes 3,522 2,761
VAT 47,082 30,377
Other creditors - 8
Pension fund 179 -
Directors' current accounts 79,406 44,478
Accruals and deferred income 23,265 4,803
219,803 154,088

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Hire purchase contracts 4,712 -
Directors' loan accounts 80,000 80,000
84,712 80,000

Directors loan of £80,000 are repayable within one year and one day. In accordance with FRS 102 1A these
loans have not been discounted as the discounted element is deemed immaterial.

9. RELATED PARTY DISCLOSURES

Interest is charged on the directors loan account at 10% above the base rate, payable 5 days after the year end.
Interest is calculated monthly at a flat rate

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.

11. FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial Reporting Standard
102 (FRS102) issued by the Financial Reporting Council. The last financial statements for the year ended 31
March 2016 were prepared under previous UK GAAP, and the transition date to FRS 102 is therefore 1 April
2015. The date from which the accounting standard applies is 1 April 2016.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pre Print Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Pre Print Limited for the year ended 31 March 2017 which comprise the Income Statement,
Balance Sheet, and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pre Print Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pre Print Limited and state those matters that we have agreed to state to the Board of Directors of Pre Print Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pre Print Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pre Print Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pre Print Limited. You consider that Pre Print Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pre Print Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


14 December 2017