REGISTERED NUMBER: 05286660 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

PS Mailing Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

PK Jacobs

SECRETARY:

Mrs S Jacobs

REGISTERED OFFICE:

Unit B3

South Western Business Park

Sherborne

Dorset

DT9 3PS

REGISTERED NUMBER:

05286660 (England and Wales)

ACCOUNTANTS:

Hunts Accountants

The Old Pump House

Oborne Road

Sherborne

Dorset

DT9 3RX

FIXED ASSETS

Tangible assets

4

31,492

40,673

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

5

393,114

481,462

Cash at bank and in hand

496,056

490,316

891,670

974,278

CREDITORS

Amounts falling due within one year

6

563,601

613,702

NET CURRENT ASSETS

328,069

360,576

TOTAL ASSETS LESS CURRENT LIABILITIES

359,561

401,249

PROVISIONS FOR LIABILITIES

5,562

-

NET ASSETS

353,999

401,249

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

353,799

401,149

SHAREHOLDERS' FUNDS

353,999

401,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Mr PK Jacobs the director on 9 June 2017 and were signed by:

PK Jacobs - Director

1.	STATUTORY INFORMATION

PS Mailing Services 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.

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

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 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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2016

23,163

112,201

22,843

7,500

165,707

Additions

-

1,233

83

-

1,316

At 31 December 2016

23,163

113,434

22,926

7,500

167,023

DEPRECIATION

At 1 January 2016

19,040

81,013

19,854

5,127

125,034

Charge for year

1,031

8,105

768

593

10,497

At 31 December 2016

20,071

89,118

20,622

5,720

135,531

NET BOOK VALUE

At 31 December 2016

3,092

24,316

2,304

1,780

31,492

At 31 December 2015

4,123

31,188

2,989

2,373

40,673

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

372,400

467,644

Prepayments and accrued income

20,714

13,818

393,114

481,462

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

2,589

11,263

Trade creditors

310,235

351,485

Tax

4,278

12,081

Social security and other taxes

1,432

2,520

VAT

20,339

17,211

Other creditors

85,100

62,740

Directors' current accounts

21,700

13,260

Accrued expenses

117,928

143,142

563,601

613,702