REGISTERED NUMBER: 01196673 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

EDUCATIONAL PRINTING SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

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.

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

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.

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