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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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YES GRAPHIC DESIGN & PRINT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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YES GRAPHIC DESIGN & PRINT LIMITED |
YES GRAPHIC DESIGN & PRINT LIMITED (REGISTERED NUMBER: SC125041) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
YES GRAPHIC DESIGN & PRINT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2015 |
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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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YES GRAPHIC DESIGN & PRINT LIMITED (REGISTERED NUMBER: SC125041) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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
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(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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The financial statements were approved by the director on
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YES GRAPHIC DESIGN & PRINT LIMITED (REGISTERED NUMBER: SC125041) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Exemption from preparing a cash flow statement |
The Company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008) and is consequently |
exempt from the requirement to include a cash flow statement in the financial statements. |
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Turnover |
The turnover shown in the profit and loss account represents the value of all goods sold during the year, less returns |
received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the Company has fulfilled |
its contractual obligations and the risks and rewards attaching to the product have been transferred to the customer. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs |
of acquisition. |
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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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Cost is the purchase price. |
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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. |
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Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in |
progress. |
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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 where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to |
pay less tax, or a right to receive repayments of tax. |
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Deferred tax assets are recognised only to the extent that the director considers it more likely than not that there will be |
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax |
assets and liabilities recognised have not been discounted. |
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Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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Operating leases |
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, |
are charged against profits on a straight line basis over the period of the lease. |
YES GRAPHIC DESIGN & PRINT LIMITED (REGISTERED NUMBER: SC125041) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
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Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
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An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
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Fixed asset investments |
Investments are stated at cost less provision for any diminution of value, if such reduction is deemed to be of a permanent |
nature. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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Disposals | ( |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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YES GRAPHIC DESIGN & PRINT LIMITED (REGISTERED NUMBER: SC125041) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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6. | ULTIMATE PARENT COMPANY |
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