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Provincial Printing and |
Publishing Company Limited |
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Unaudited Financial Statements |
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for the Period 1 September 2016 to 30 November 2017 |
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Provincial Printing and |
Publishing Company Limited |
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Unaudited Financial Statements |
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for the Period 1 September 2016 to 30 November 2017 |
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Provincial Printing and |
Publishing Company Limited |
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Company Information |
for the Period 1 September 2016 to 30 November 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Radnor House |
Greenwood Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8AA |
Provincial Printing and |
Publishing Company Limited (Registered number: 00536880) |
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Balance Sheet |
30 November 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
6 |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Other reserves |
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Retained earnings | ( |
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Provincial Printing and |
Publishing Company Limited (Registered number: 00536880) |
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Balance Sheet - continued |
30 November 2017 |
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The director acknowledges her 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Provincial Printing and |
Publishing Company Limited (Registered number: 00536880) |
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Notes to the Financial Statements |
for the Period 1 September 2016 to 30 November 2017 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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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. |
Provincial Printing and |
Publishing Company Limited (Registered number: 00536880) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 30 November 2017 |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
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Additions |
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Disposals |
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At 30 November 2017 |
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DEPRECIATION |
At 1 September 2016 |
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Charge for period |
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Eliminated on disposal |
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( |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 31 August 2016 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors & prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans & overdraft |
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Hire purchase contracts |
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Trade creditors |
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Taxes & social security costs |
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Other creditors & accruals |
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Provincial Printing and |
Publishing Company Limited (Registered number: 00536880) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2016 to 30 November 2017 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans | 88,250 | 100,971 |