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REGISTERED NUMBER: 01196673 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

EDUCATIONAL PRINTING SERVICES LIMITED

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

EDUCATIONAL PRINTING SERVICES LIMITED

Company Information
for the Year Ended 30 April 2015







DIRECTOR: D J Pickering





SECRETARY: Mrs G Pickering





REGISTERED OFFICE: Unit 6
Glenfield Park 2
Northrop Avenue
Blackburn
Lancashire
BB1 5QH





REGISTERED NUMBER: 01196673 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Abbreviated Balance Sheet
30 April 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 34,058 36,080
Tangible assets 3 421,565 213,537
455,623 249,617

CURRENT ASSETS
Stocks 460,988 363,695
Debtors 249,978 251,042
Cash at bank 39,302 117,003
750,268 731,740
CREDITORS
Amounts falling due within one year 4 469,115 379,280
NET CURRENT ASSETS 281,153 352,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,776

602,077

CREDITORS
Amounts falling due after more than one
year

4

(179,869
)
(79,334
)

PROVISIONS FOR LIABILITIES (66,634 ) (39,696 )
NET ASSETS 490,273 483,047

CAPITAL AND RESERVES
Called up share capital 5 3,250 3,250
Capital redemption reserve 450,000 450,000
Profit and loss account 37,023 29,797
SHAREHOLDERS' FUNDS 490,273 483,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

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.

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Abbreviated Balance Sheet - continued
30 April 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 18 December 2015 and were signed by:





D J Pickering - Director


EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Abbreviated Accounts
for the Year Ended 30 April 2015

1. ACCOUNTING POLICIES

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).

Turnover
Turnover is recognised when work is completed and goods are delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 10% on cost
Plant and machinery - 15% on cost and 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Cost is based on the cost of purchase on a first in first out basis. The cost of work in progress and finished goods
includes the cost of raw materials and labour together with attributable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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 the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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 the profit and loss account in the period to which they relate.

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014
and 30 April 2015 40,432
AMORTISATION
At 1 May 2014 4,352
Amortisation for year 2,022
At 30 April 2015 6,374
NET BOOK VALUE

At 30 April 2015 34,058
At 30 April 2014 36,080

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014 1,160,888
Additions 271,868
Disposals (1,500 )
At 30 April 2015 1,431,256
DEPRECIATION
At 1 May 2014 947,351
Charge for year 63,840
Eliminated on disposal (1,500 )
At 30 April 2015 1,009,691
NET BOOK VALUE
At 30 April 2015 421,565
At 30 April 2014 213,537

4. CREDITORS

Creditors include an amount of £ 247,814 (2014 - £ 71,824 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2,700 Ordinary £1 2,700 2,700
500 Ordinary A £1 500 500
50 Ordinary B £1 50 50
3,250 3,250

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 April 2015

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2015 and
30 April 2014:

2015 2014
£    £   
D J Pickering
Balance outstanding at start of year 18,369 30,253
Amounts advanced 87,043 53,116
Amounts repaid (105,412 ) (65,000 )
Balance outstanding at end of year - 18,369