Plimsoll Publishing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02102017 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

PLIMSOLL PUBLISHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Turkington B Agr

Mrs E A McMorris B A

Mr D J Turkington B Sc, MBA

SECRETARY:

Mrs E A McMorris B A

REGISTERED OFFICE:

Scotswood House

Thornaby Place

Thornaby

Stockton-on-Tees

TS17 6SB

REGISTERED NUMBER:

02102017 (England and Wales)

ACCOUNTANTS:

Cave Adams

12 Letch Road

Stockton-on-Tees

Cleveland

TS20 1JD

FIXED ASSETS

Tangible assets

4

217,788

195,046

Investments

5

100

100

217,888

195,146

CURRENT ASSETS

Stocks

35,118

38,458

Debtors

6

587,432

698,899

Cash at bank

761,722

377,516

1,384,272

1,114,873

CREDITORS

Amounts falling due within one year

7

579,105

501,482

NET CURRENT ASSETS

805,167

613,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,055

808,537

CREDITORS

Amounts falling due after more than one year

8

61,699

23,528

NET ASSETS

961,356

785,009

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

960,356

784,009

SHAREHOLDERS' FUNDS

961,356

785,009

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 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 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 3 May 2018 and were signed on its behalf by:

Mr D J Turkington B Sc, MBA - Director

1.	STATUTORY INFORMATION

Plimsoll Publishing 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 20% on cost, 10% on cost and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

22,595

159,969

558,747

741,311

Additions

1,352

-

94,468

95,820

Disposals

-

-

(290,822

)

(290,822

)

At 31 December 2017

23,947

159,969

362,393

546,309

DEPRECIATION

At 1 January 2017

11,619

27,111

507,535

546,265

Charge for year

1,964

31,994

39,120

73,078

Eliminated on disposal

-

-

(290,822

)

(290,822

)

At 31 December 2017

13,583

59,105

255,833

328,521

NET BOOK VALUE

At 31 December 2017

10,364

100,864

106,560

217,788

At 31 December 2016

10,976

132,858

51,212

195,046

Fixed assets, included in the above, which are held under finance leases are as follows:

Office

equipment

£

COST

At 1 January 2017

355,092

Additions

85,252

Disposals

(290,822

)

At 31 December 2017

149,522

DEPRECIATION

At 1 January 2017

324,692

Charge for year

25,827

Eliminated on disposal

(290,822

)

At 31 December 2017

59,697

NET BOOK VALUE

At 31 December 2017

89,825

At 31 December 2016

30,400

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

100

NET BOOK VALUE

At 31 December 2017

100

At 31 December 2016

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

229,619

299,319

Other debtors

357,813

399,580

587,432

698,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Finance leases

27,603

6,290

Trade creditors

285,356

314,759

Taxation and social security

215,646

131,636

Other creditors

50,500

48,797

579,105

501,482

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Finance leases

61,699

23,528

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Finance leases

89,302

29,818