|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31st October 2017 |
|
for |
|
Alba Printers Ltd. |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31st October 2017 |
|
for |
|
Alba Printers Ltd. |
Alba Printers Ltd. (Registered number: SC153569) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31st October 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 | to | 5 |
|
Alba Printers Ltd. |
|
Company Information |
for the Year Ended 31st October 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Dumfries Enterprise Park |
Heathhall |
Dumfries |
DUMFRIESSHIRE |
DG1 3SJ |
Alba Printers Ltd. (Registered number: SC153569) |
|
Balance Sheet |
31st October 2017 |
|
2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
Alba Printers Ltd. (Registered number: SC153569) |
|
Notes to the Financial Statements |
for the Year Ended 31st October 2017 |
|
1. | STATUTORY INFORMATION |
|
Alba Printers Ltd. is a
|
registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
|
Tangible fixed assets |
|
Improvements to property | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Office and IT equipment | - |
|
|
Amounts written off each asset over the estimated useful life represent cost less residual value. |
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
|
Taxation |
Taxation for the year 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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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 year end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
|
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. |
Alba Printers Ltd. (Registered number: SC153569) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are |
readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
|
Trade debtors |
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of |
business. |
|
Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged |
to customers, including any amounts charged on for third parties. |
|
Trade creditors |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from |
suppliers. |
|
Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the |
reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an |
unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current |
liabilities. |
|
Borrowings |
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are |
subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount |
due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st November 2016 |
|
Additions |
|
Disposals | ( |
) |
At 31st October 2017 |
|
DEPRECIATION |
At 1st November 2016 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31st October 2017 |
|
NET BOOK VALUE |
At 31st October 2017 |
|
At 31st October 2016 |
|
Alba Printers Ltd. (Registered number: SC153569) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2017 |
|
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st November 2016 |
and 31st October 2017 |
|
NET BOOK VALUE |
At 31st October 2017 |
|
At 31st October 2016 |
|
|
The valuation of the investment property is considered annually, on an open market basis, by Mr J Currie, a director of the |
company. No revaluation is considered necessary and the market value is the same as the cost. |
|
Investment property is held for rental purposes under operating leases. |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
|
|
|
9. | RELATED PARTY DISCLOSURES |
|
During the year the company paid rent to the director. The rent charged is on normal commercial terms and the total amount |
paid by the company to the director during the year was £18,000 (2016 - £18,000). |
|
As 31st October 2017 the company owed the director £21,250 (2016 - £21,250) by way of an interest free directors loan |
account. |
|
10. | PENSIONS |
|
The company operates a defined contribution pension scheme for the director and certain staff. The scheme and its assets are |
held separately from those of the company in an independently administered fund. The pension cost charge represents |
contributions payable by the company and amounted to £20,169 (2016 - £19,784). There are no material unfunded pension |
commitments at the year end. |