PS Mailing Services Limited - Accounts to registrar (filleted) - small 18.1

PS Mailing Services Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 05286660(England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

PS Mailing Services Limited

PS Mailing Services Limited (Registered number: 05286660)






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




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 2017







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 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,559 31,492

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 420,282 393,114
Cash at bank and in hand 316,776 496,056
739,558 891,670
CREDITORS
Amounts falling due within one year 6 431,793 563,602
NET CURRENT ASSETS 307,765 328,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,324

359,560

PROVISIONS FOR LIABILITIES 7 4,246 5,562
NET ASSETS 330,078 353,998

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 329,878 353,798
SHAREHOLDERS' FUNDS 330,078 353,998

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 18 April 2018and were signed by:



PK Jacobs- Director


PS Mailing Services Limited (Registered number: 05286660)

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21(2016 - 22) .

PS Mailing Services Limited (Registered number: 05286660)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2017 23,163 113,434 22,926 7,500 167,023
Additions - 3,920 - - 3,920
At 31 December 2017 23,163 117,354 22,926 7,500 170,943
DEPRECIATION
At 1 January 2017 20,071 89,118 20,622 5,720 135,531
Charge for year 773 7,059 576 445 8,853
At 31 December 2017 20,844 96,177 21,198 6,165 144,384
NET BOOK VALUE
At 31 December 2017 2,319 21,177 1,728 1,335 26,559
At 31 December 2016 3,092 24,316 2,304 1,780 31,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 387,212 372,400
Late billed sales 15,000 -
Prepayments and accrued income 18,070 20,714
420,282 393,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Bank loans and overdrafts 3,563 2,589
Trade creditors 121,847 310,236
Tax 7,109 4,278
Social security and other taxes 1,382 1,432
VAT 36,626 20,339
Other creditors 83,461 85,100
Directors' current accounts 25,239 21,700
Accrued expenses 152,566 117,928
431,793 563,602

7. PROVISIONS FOR LIABILITIES
31.12.17 31.12.16
£    £   
Deferred tax 4,246 5,562

PS Mailing Services Limited (Registered number: 05286660)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2017 5,562
Provided during year (1,316 )
Balance at 31 December 2017 4,246