| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2017 |
| for |
| 4 PRINT FINISHERS LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2017 |
| for |
| 4 PRINT FINISHERS LTD |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Contents of the Financial Statements |
| for the year ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| 4 PRINT FINISHERS LTD |
| Company Information |
| for the year ended 31 May 2017 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Balance Sheet |
| 31 May 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Current assets |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Retained earnings | 10 | ( |
) |
| Shareholders' funds |
| The directors acknowledge their 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 Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Notes to the Financial Statements |
| for the year ended 31 May 2017 |
| 1. | Statutory information |
| 4 Print Finishers Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| This is the first year in which the financial statements have been prepared under FRS 102. Transition to FRS |
| 102 has not resulted in any changes in accounting policies, amounts stated in the Statement of Comprehensive |
| Income or balances held in equity. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks and work in progress |
| 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 stocks. Cost includes all direct costs and an appropriate proportion of |
| fixed and variable overheads. |
| 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. |
| Going concern |
| These financial statements have been prepared on a going concern basis on the grounds that the directors will |
| continue to support the company for a period of no less than twelve months. |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2017 |
| 3. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 June 2016 |
| Revaluations |
| At 31 May 2017 |
| Depreciation |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| Net book value |
| At 31 May 2017 |
| At 31 May 2016 |
| Cost or valuation at 31 May 2017 is represented by: |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Valuation in 2017 | 117,942 | - | - | 117,942 |
| Cost | 264,818 | 10,520 | 6,801 | 282,139 |
| 382,760 | 10,520 | 6,801 | 400,081 |
| 4. | Stocks |
| 2017 | 2016 |
| £ | £ |
| Finished goods |
| 5. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Directors' loan accounts | 40,680 | 55,868 |
| Tax |
| Prepayments and accrued income |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2017 |
| 6. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 28,467 | 43,477 |
| Other creditors |
| Accruals and deferred income |
| 7. | Creditors: amounts falling due after more than one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 2-5 years |
| 8. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 4 | 4 |
| 10. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 June 2016 | 27 |
| Deficit for the year | ( |
) | ( |
) |
| Revaluation addition | - | 117,942 | 117,942 |
| At 31 May 2017 | ( |
) | 36,926 |
| 11. | Directors' advances, credits and guarantees |
| Included within other debtors due within one year are the following amounts due to the company from the |
| company directors. Interest is charged at 3% on the overdrawn balance. |
| Mr M Presley - £10,170 (2016 - £12,591) |
| Mr S Howard - £10,170 (2016 - £14,361) |
| Mr S Turner - £10,170 (2016 - £14,627) |
| Mr V Smith - £10,170 (2016 - £14,289) |
| 4 PRINT FINISHERS LTD (REGISTERED NUMBER: 05189367) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2017 |
| 12. | Ultimate controlling party |
| The company was controlled by the directors. |