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REGISTERED NUMBER: 01196673 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

EDUCATIONAL PRINTING SERVICES LIMITED

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)






Contents of the Abbreviated Accounts
for the Year Ended 30 April 2016




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 2016







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 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 32,036 34,058
Tangible assets 3 516,620 421,565
548,656 455,623

CURRENT ASSETS
Stocks 420,403 460,988
Debtors 235,298 249,978
Cash at bank 154,967 39,302
810,668 750,268
CREDITORS
Amounts falling due within one year 4 616,259 469,115
NET CURRENT ASSETS 194,409 281,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,065

736,776

CREDITORS
Amounts falling due after more than one
year

4

(153,069

)

(179,869

)

PROVISIONS FOR LIABILITIES (90,284 ) (66,634 )
NET ASSETS 499,712 490,273

CAPITAL AND RESERVES
Called up share capital 5 3,250 3,250
Capital redemption reserve 450,000 450,000
Profit and loss account 46,462 37,023
SHAREHOLDERS' FUNDS 499,712 490,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 2016


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 19 December 2016 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 2016

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 January 2015).

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
Website - 10% 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 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015
and 30 April 2016 40,432
AMORTISATION
At 1 May 2015 6,374
Amortisation for year 2,022
At 30 April 2016 8,396
NET BOOK VALUE

At 30 April 2016 32,036
At 30 April 2015 34,058

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2015 1,431,256
Additions 193,115
Disposals (790 )
At 30 April 2016 1,623,581
DEPRECIATION
At 1 May 2015 1,009,691
Charge for year 97,770
Eliminated on disposal (500 )
At 30 April 2016 1,106,961
NET BOOK VALUE
At 30 April 2016 516,620
At 30 April 2015 421,565

4. CREDITORS

Creditors include an amount of £ 198,981 (2015 - £ 247,814 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
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