Pre Print Limited - Limited company - abbreviated

REGISTERED NUMBER: 01845608 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

PRE PRINT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

V K Sirpal

Mrs S 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

FIXED ASSETS

Tangible assets

2

106,814

93,234

CURRENT ASSETS

Stocks

2,500

4,575

Debtors

106,498

104,813

108,998

109,388

CREDITORS

Amounts falling due within one year

187,977

178,496

NET CURRENT LIABILITIES

(78,979

)

(69,108

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,835

24,126

PROVISIONS FOR LIABILITIES

18,153

15,407

NET ASSETS

9,682

8,719

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

9,582

8,619

SHAREHOLDERS' FUNDS

9,682

8,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 October 2014 and were signed on its behalf by:

V K Sirpal - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and 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.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

317,444

Additions

35,156

At 31 March 2014

352,600

DEPRECIATION

At 1 April 2013

224,210

Charge for year

21,576

At 31 March 2014

245,786

NET BOOK VALUE

At 31 March 2014

106,814

At 31 March 2013

93,234

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

100

Ords

£1

100

4.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors Mr V Sirpal and Mrs S Sirpal who own 34% and 33% of the

share capital respectively.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

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 2014 which comprise the Profit and Loss

Account, the Balance Sheet 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 at icaew.com/membershandbook.

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 AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than the company 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

19 December 2014