Company Registration No. 02419890 (England and Wales)
Providence Print & Mailing Limited
Unaudited accounts
for the year ended 30 November 2017
Providence Print & Mailing Limited
Unaudited accounts
Contents
Providence Print & Mailing Limited
Company Information
for the year ended 30 November 2017
Company Number
02419890 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Providence Print & Mailing Limited
Statement of financial position
as at 30 November 2017
Tangible assets
861,292
908,637
Cash at bank and in hand
333,342
242,580
Creditors: amounts falling due within one year
(754,882)
(710,969)
Net current (liabilities)/assets
(7,159)
3,391
Total assets less current liabilities
854,134
912,029
Creditors: amounts falling due after more than one year
(28,642)
(134,000)
Provisions for liabilities
Deferred tax
(135,870)
(137,351)
Net assets
689,622
640,678
Called up share capital
11,997
11,997
Capital redemption reserve
58,231
58,231
Profit and loss account
619,394
570,450
Shareholders' funds
689,622
640,678
For the year ending 30 November 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 May 2018.
R Pack
Director
Company Registration No. 02419890
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2017
Providence Print & Mailing Limited is a private company, limited by shares, registered in England and Wales, registration number 02419890. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
in accordance with the property
Plant & machinery
5% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2016
34,449
1,492,768
75,611
165,942
1,768,770
Additions
-
-
-
1,915
1,915
At 30 November 2017
34,449
1,492,768
75,611
167,857
1,770,685
At 1 December 2016
17,242
622,861
71,254
148,776
860,133
Charge for the year
860
43,495
1,089
3,816
49,260
At 30 November 2017
18,102
666,356
72,343
152,592
909,393
At 30 November 2017
16,347
826,412
3,268
15,265
861,292
At 30 November 2016
17,207
869,907
4,357
17,166
908,637
5
Investments
Subsidiary undertakings
Valuation at 1 December 2016
1
Valuation at 30 November 2017
1
The Company owns 100% of the issued share capital of Providence Payroll Limited (Company Number 06475977). This Company employs, manages and controls all of the labour force of the business.
Finished goods
5,147
40,127
Trade debtors
409,234
419,212
Accrued income and prepayments
-
12,441
Providence Print & Mailing Limited
Notes to the Accounts
for the year ended 30 November 2017
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
355,961
314,375
Obligations under finance leases and hire purchase contracts
105,358
96,000
Trade creditors
173,637
211,964
Amounts owed to group undertakings and other participating interests
16,211
16,708
Taxes and social security
71,626
54,163
Loans from directors
23,939
17,759
Lloyds TSB Commercial Finance Limited have a fixed and floating charge under their all assets debenture dated 27th October 2010.
9
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
28,642
134,000
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
11,797 10% Redeemable Cumulative Preference Shares of £1 each
11,797
11,797
11
Transactions with related parties
During the year £775,490 (2016: £768851) was paid to Providence Payroll Limited in respect of wages and salaries for the year. Included in that amount was £192,534 (2016: £162167) paid to the directors.
The amount owed from Providence Payroll Limited at 30th November 2017 was £7,211 (2016: £16708).
12
Average number of employees
During the year the average number of employees was 0 (2016: 0).
