IMPRESS_PRINT_SERVICES_LI

IMPRESS PRINT SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

119,999

134,999

Tangible assets

2,170,099

1,793,930

Investments

2,840

2,292,938

1,931,769

Current assets

Stocks

109,567

81,223

Debtors

833,653

964,188

Cash at bank and in hand

72,837

31,547

1,016,057

1,076,958

Creditors: amounts falling due within one year

(2,186,898)

(2,160,331)

Net current liabilities

(1,170,841)

(1,083,373)

Total assets less current liabilities

1,122,097

848,396

Creditors: amounts falling due after more than one year

(753,847)

(491,236)

368,250

357,160

Capital and reserves

Called up share capital

Profit and loss account

368,240

357,150

Shareholders' funds

368,250

357,160

IMPRESS PRINT SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2013

- 2 -

For the financial year ended 30 April 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 October 2013

M.A. Kille

Director

Company Registration No. 03363098

IMPRESS PRINT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2013

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Straight line over the term of the lease

Plant and machinery

15% and 20% reducing balance and 25% straight line

Fixtures, fittings & equipment

33% Reducing balance

Motor vehicles

25% Reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Under this policy no liability is required to be recognised as the conditions for recognition are not satisfied. Any significant gain arising in respect of this client would be rolled over into the purchase price of a replacement asset and as such it was considered unnecessary to provide for any deferred taxation liability.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small-sized group.The company has therefore taken advantage of the exemptions provided by the Companies Act 2006 not to prepare group accounts.

IMPRESS PRINT SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2013

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 May 2012

349,999

3,719,063

2,840

4,071,902

Additions

801,191

Disposals

(191,067)

At 30 April 2013

349,999

4,329,187

2,840

4,682,026

Depreciation

At 1 May 2012

215,000

1,925,133

2,140,133

On disposals

(144,972)

Charge for the year

15,000

378,927

393,927

At 30 April 2013

230,000

2,159,088

2,389,088

Net book value

At 30 April 2013

119,999

2,170,099

2,840

2,292,938

At 30 April 2012

134,999

1,793,930

2,840

1,931,769

Share capital

2013

2012

Allotted, called up and fully paid

10 Ordinary shares of £1 each