Distinctive Publishing Limited - Accounts to registrar (filleted) - small 18.2
Distinctive Publishing Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 December 2017 to 30 September 2018 |
| for |
| Distinctive Publishing Limited |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Contents of the Financial Statements |
| for the Period 1 December 2017 to 30 September 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Distinctive Publishing Limited |
| Company Information |
| for the Period 1 December 2017 to 30 September 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Business Advisers |
| Coburg House |
| 1 Coburg Street |
| Gateshead |
| Tyne & Wear |
| NE8 1NS |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Balance Sheet |
| 30 September 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Financial Statements |
| for the Period 1 December 2017 to 30 September 2018 |
| 1. | STATUTORY INFORMATION |
| Distinctive Publishing Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
| receivable for commissions earned, stated net of discounts and of Value Added Tax. |
| The company recognises revenue when the amount of revenue can be measured reliably, when it is probable |
| that future economic benefits will flow to the entity. |
| Turnover: |
| Turnover from the rendering of publication services is recognised by reference to the stage of completion of |
| the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work |
| performed to the date to the total estimated contract costs. Turnover is only recognised to the extent of |
| recoverable expenses when the outcome of a contract cannot be estimated reliably. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred, except for |
| expenditure on related assets, which are disclosed in these financial statements as intangible assets, and |
| written off over the expected useful life of those assets, being 4 years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment |
| losses. |
| Impairment of assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those |
| assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable |
| amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable |
| amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss |
| is recognised immediately in profit and loss. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised |
| estimate of its recoverable amount, but not in excess of the amount that would have been determined had no |
| impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised |
| immediately in the profit and loss account. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial |
| assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
| parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting |
| period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss |
| is recognised in profit or loss. |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2017 to 30 September 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| Taxation |
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A |
| current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a |
| previous period. |
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses |
| in the financial statements and their inclusion in tax assessments. |
| 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 and other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
| reporting date and that are expected to apply to the reversal of the timing difference. |
| Current and deferred tax assets and liabilities are not discounted. |
| Employee benefits, 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. |
| Short term employee benefits are recognised as an expense in the period in which they are incurred. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 5. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 December 2017 |
| and 30 September 2018 |
| AMORTISATION |
| At 1 December 2017 |
| Charge for period |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 November 2017 |
| Distinctive Publishing Limited (Registered number: 05548166) |
| Notes to the Financial Statements - continued |
| for the Period 1 December 2017 to 30 September 2018 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 December 2017 |
| Additions |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 December 2017 |
| Charge for period |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 November 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other creditors |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank overdrafts |
| The bank has a fixed and floating charge over the assets of the company. |