Company Registration No. 02718203 (England and Wales)
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Unaudited accounts
for the year ended 31 March 2017
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Unaudited accounts
Contents
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Company Information
for the year ended 31 March 2017
Directors
R J Marshall
M Thomas
P L Bowes
P Turton
Company Number
02718203 (England and Wales)
Registered Office
6 MARKET PLACE
STANHOPE
BISHOP AUCKLAND
COUNTY DURHAM
DL13 2UJ
Accountants
Wardle Business Solutions Ltd.
Orchard House
Pittington Road
Rainton Gate
Tyne and Wear
DH5 9RG
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Statement of financial position
as at
31 March 2017
Tangible assets
26,260
27,586
Cash at bank and in hand
3,534
3,384
Creditors: amounts falling due within one year
(5,091)
(3,799)
Net current assets
13,280
15,391
Total assets less current liabilities
39,540
42,977
Provisions for liabilities
Called up share capital
18,590
18,590
Share premium
9,200
9,200
Profit and loss account
11,750
15,128
Shareholders' funds
39,540
42,918
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 November 2017.
R J Marshall
Director
Company Registration No. 02718203
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2017
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02718203. The registered office and principal place of business is 6 MARKET PLACE, STANHOPE, BISHOP AUCKLAND, COUNTY DURHAM, DL13 2UJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2016
33,569
39,704
73,273
At 31 March 2017
33,569
39,704
73,273
At 1 April 2016
9,254
36,433
45,687
Charge for the year
672
654
1,326
At 31 March 2017
9,926
37,087
47,013
At 31 March 2017
23,643
2,617
26,260
At 31 March 2016
24,315
3,271
27,586
Finished goods
8,803
9,080
Trade debtors
6,012
5,964
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
3,055
1,943
Taxes and social security
1,364
1,207
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Share capital
2017
2016
Allotted, called up and fully paid:
18,590 Ordinary shares of £1 each
18,590
18,590
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Average number of employees
During the year the average number of employees was 4 (2016: 3).