Pre Print Limited - Accounts to registrar (filleted) - small 18.2

Pre Print Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01845608(England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2018

for

PRE PRINT LIMITED

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PRE PRINT LIMITED

Company Information
for the Year Ended 31 March 2018







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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,495 130,605

CURRENT ASSETS
Stocks 5 3,500 3,000
Debtors 6 154,114 202,094
Cash at bank 137,204 109,778
294,818 314,872
CREDITORS
Amounts falling due within one year 7 156,819 219,803
NET CURRENT ASSETS 137,999 95,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,494

225,674

CREDITORS
Amounts falling due after more than one
year

8

(101,658

)

(84,712

)

PROVISIONS FOR LIABILITIES (23,609 ) (22,855 )
NET ASSETS 146,227 118,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 146,127 118,007
SHAREHOLDERS' FUNDS 146,227 118,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 8 November 2018and 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 2018


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 2018


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 19(2017 - 18) .

4. TANGIBLE FIXED ASSETS
Fixtures
Website Plant and and
Costs machinery fittings
£    £    £   
COST
At 1 April 2017 12,180 187,170 39,990
Additions - 28,247 159
At 31 March 2018 12,180 215,417 40,149
DEPRECIATION
At 1 April 2017 259 101,877 30,782
Charge for year 2,980 17,031 1,403
At 31 March 2018 3,239 118,908 32,185
NET BOOK VALUE
At 31 March 2018 8,941 96,509 7,964
At 31 March 2017 11,921 85,293 9,208

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2017 16,974 23,033 279,347
Additions - 1,881 30,287
At 31 March 2018 16,974 24,914 309,634
DEPRECIATION
At 1 April 2017 2,465 13,359 148,742
Charge for year 4,244 1,739 27,397
At 31 March 2018 6,709 15,098 176,139
NET BOOK VALUE
At 31 March 2018 10,265 9,816 133,495
At 31 March 2017 14,509 9,674 130,605

PRE PRINT LIMITED (REGISTERED NUMBER: 01845608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


5. STOCKS
31.3.18 31.3.17
£    £   
Stocks 3,500 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 154,114 201,059
Other debtors - 1,035
154,114 202,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 3,054 2,813
Trade creditors 21,773 40,144
Taxation and social security 73,163 73,996
Other creditors 58,829 102,850
156,819 219,803

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 1,658 4,712
Other creditors 100,000 80,000
101,658 84,712

Directors loan of £100,000 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.

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 2018 which comprise the Income Statement,
Balance Sheet, Statement of Changes in Equity 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 and its 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


13 November 2018