Company Registration No. 02718203 (England and Wales)
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Unaudited accounts
for the year ended 31 March 2018
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Unaudited accounts
Contents
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Company Information
for the year ended 31 March 2018
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 2018
Tangible assets
25,093
26,260
Cash at bank and in hand
5,611
3,534
Creditors: amounts falling due within one year
(5,532)
(5,091)
Net current assets
17,961
13,280
Total assets less current liabilities
43,054
39,540
Creditors: amounts falling due after more than one year
(950)
-
Called up share capital
22,391
18,590
Share premium
9,200
9,200
Profit and loss account
10,513
11,750
Shareholders' funds
42,104
39,540
For the year ending 31 March 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 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 25 November 2018.
R J Marshall
Director
Company Registration No. 02718203
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02718203. The registered office 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.
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 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 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
33,569
39,704
73,273
At 31 March 2018
33,569
39,740
73,309
At 1 April 2017
9,926
37,087
47,013
Charge for the year
672
531
1,203
At 31 March 2018
10,598
37,618
48,216
At 31 March 2018
22,971
2,122
25,093
At 31 March 2017
23,643
2,617
26,260
Finished goods
8,687
8,803
Trade debtors
8,310
6,012
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
3,556
3,055
Taxes and social security
1,122
1,364
8
Creditors: amounts falling due after more than one year
2018
2017
WEARDALE PUBLISHING & PRINTING COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2018
9
Share capital
2018
2017
Allotted, called up and fully paid:
22,391 Ordinary shares of £1 each
22,391
18,590
Shares issued during the period:
3,801 Ordinary shares of £1 each
3,801
10
Average number of employees
During the year the average number of employees was 4 (2017: 4).