Company Registration No. 06739334 (England and Wales)
Black Sheep Press Limited
Unaudited accounts
for the year ended 31 October 2018
Black Sheep Press Limited
Unaudited accounts
Contents
Black Sheep Press Limited
Company Information
for the year ended 31 October 2018
Company Number
06739334 (England and Wales)
Registered Office
67 Middleton
Cowling
Keighley
West Yorkshire
BD22 0DQ
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Black Sheep Press Limited
Statement of financial position
as at
31 October 2018
Tangible assets
12,794
23,073
Cash at bank and in hand
258,237
274,017
Creditors: amounts falling due within one year
(51,580)
(121,794)
Net current assets
210,548
165,489
Net assets
223,342
188,562
Called up share capital
2
2
Profit and loss account
223,340
188,560
Shareholders' funds
223,342
188,562
For the year ending 31 October 2018 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 director acknowledges her 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 19 July 2019.
R Hughes
Director
Company Registration No. 06739334
Black Sheep Press Limited
Notes to the Accounts
for the year ended 31 October 2018
Black Sheep Press Limited is a private company, limited by shares, registered in England and Wales, registration number 06739334. The registered office is 67 Middleton, Cowling, Keighley, West Yorkshire, BD22 0DQ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of 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 work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2017
18,238
31,850
50,088
At 31 October 2018
18,238
32,043
50,281
At 1 November 2017
15,745
11,270
27,015
Charge for the year
2,493
7,979
10,472
At 31 October 2018
18,238
19,249
37,487
At 31 October 2018
-
12,794
12,794
At 31 October 2017
2,493
20,580
23,073
Black Sheep Press Limited
Notes to the Accounts
for the year ended 31 October 2018
Trade debtors
3,877
13,166
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
95,697
18,903
Other creditors
1,276
4,448
Loans from directors
(45,393)
97,443
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
97,443
-
142,836
(45,393)
The overdrawn director loans totalling £45,393 were repaid on 30 April 2019.
8
Average number of employees
During the year the average number of employees was 4 (2017: 4).