REGISTERED NUMBER: 02458792 (England and Wales)

Acanthus Press Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Trivett

M J Tierney

P D Sydenham

SECRETARY:

R Trivett

REGISTERED OFFICE:

Unit 21

Ryelands Farm

Bagley Road

Wellington

Somerset

TA21 9PZ

REGISTERED NUMBER:

02458792 (England and Wales)

ACCOUNTANTS:

Monahans

Rumwell Hall

Rumwell

Taunton

Somerset

TA4 1EL

FIXED ASSETS

Tangible assets

2

309,327

387,522

CURRENT ASSETS

Stocks

55,646

56,893

Debtors

3

1,493,358

1,472,612

Cash at bank and in hand

47,043

26,795

1,596,047

1,556,300

CREDITORS

Amounts falling due within one year

4

994,721

966,239

NET CURRENT ASSETS

601,326

590,061

TOTAL ASSETS LESS CURRENT LIABILITIES

910,653

977,583

CREDITORS

Amounts falling due after more than one year

4

(66,584

)

(77,419

)

PROVISIONS FOR LIABILITIES

(6,706

)

-

NET ASSETS

837,363

900,164

CAPITAL AND RESERVES

Called up share capital

5

36,000

36,000

Other reserves

129,000

129,000

Profit and loss account

672,363

735,164

SHAREHOLDERS' FUNDS

837,363

900,164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 23 December 2016 and were signed on its behalf by:

R Trivett - Director

M J Tierney - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 leasehold

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance and straight line over term of lease

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

2,267,840

Additions

74,254

At 30 September 2016

2,342,094

DEPRECIATION

At 1 October 2015

1,880,318

Charge for year

152,449

At 30 September 2016

2,032,767

NET BOOK VALUE

At 30 September 2016

309,327

At 30 September 2015

387,522

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,050,929 (2015 - £ 1,050,929

)

4.

CREDITORS

Creditors include an amount of £ 399,553 (2015 - £ 394,313 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

-

15,875

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

36,000

Ordinary shares

£1

36,000

36,000

6.	ULTIMATE PARENT COMPANY

Acanthus Holdings Limited is regarded by the directors as being the company's ultimate parent

company.