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REGISTERED NUMBER: 01196673 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2017

for

EDUCATIONAL PRINTING SERVICES LIMITED

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDUCATIONAL PRINTING SERVICES LIMITED

Company Information
for the Year Ended 30 April 2017







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)

Balance Sheet
30 April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 30,014 32,036
Tangible assets 6 444,288 516,620
474,302 548,656

CURRENT ASSETS
Stocks 548,272 420,403
Debtors 7 425,474 235,298
Cash at bank and in hand 65,784 154,967
1,039,530 810,668
CREDITORS
Amounts falling due within one year 8 753,467 616,259
NET CURRENT ASSETS 286,063 194,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,365

743,065

CREDITORS
Amounts falling due after more than one
year

9

(87,482

)

(153,069

)

PROVISIONS FOR LIABILITIES (74,210 ) (90,284 )
NET ASSETS 598,673 499,712

CAPITAL AND RESERVES
Called up share capital 3,250 3,250
Capital redemption reserve 450,000 450,000
Retained earnings 145,423 46,462
SHAREHOLDERS' FUNDS 598,673 499,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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)

Balance Sheet - continued
30 April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 November 2017 and were signed by:





D J Pickering - Director


EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Financial Statements
for the Year Ended 30 April 2017

1. STATUTORY INFORMATION

Educational Printing Services Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

3. ACCOUNTING POLICIES - continued

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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2016 - 36 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2016
and 30 April 2017 40,432
AMORTISATION
At 1 May 2016 8,396
Charge for year 2,022
At 30 April 2017 10,418
NET BOOK VALUE
At 30 April 2017 30,014
At 30 April 2016 32,036

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Website Totals
£    £    £    £    £   
COST
At 1 May 2016 68,699 1,311,409 215,973 27,500 1,623,581
Additions - 26,578 9,692 - 36,270
Disposals - (53,209 ) (9,921 ) - (63,130 )
At 30 April 2017 68,699 1,284,778 215,744 27,500 1,596,721
DEPRECIATION
At 1 May 2016 39,744 905,469 159,816 1,932 1,106,961
Charge for year 6,870 87,013 9,371 2,520 105,774
Eliminated on disposal - (53,027 ) (7,275 ) - (60,302 )
At 30 April 2017 46,614 939,455 161,912 4,452 1,152,433
NET BOOK VALUE
At 30 April 2017 22,085 345,323 53,832 23,048 444,288
At 30 April 2016 28,955 405,940 56,157 25,568 516,620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2016 329,337 15,335 344,672
Transfer to ownership (55,846 ) - (55,846 )
At 30 April 2017 273,491 15,335 288,826
DEPRECIATION
At 1 May 2016 109,674 2,684 112,358
Charge for year 41,128 1,406 42,534
Transfer to ownership (39,859 ) - (39,859 )
At 30 April 2017 110,943 4,090 115,033
NET BOOK VALUE
At 30 April 2017 162,548 11,245 173,793
At 30 April 2016 219,663 12,651 232,314

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 219,009 141,623
Other debtors 206,465 93,675
425,474 235,298

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts (see note 10) 55,532 85,767
Trade creditors 474,496 239,902
Taxation and social security 102,482 96,211
Other creditors 120,957 194,379
753,467 616,259

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts (see note 10) 52,044 107,658
Other creditors 35,438 45,411
87,482 153,069

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2017 2016
£    £   
Net obligations repayable:
Within one year 55,532 85,767
Between one and five years 52,044 107,658
107,576 193,425

Non-cancellable operating
leases
2017 2016
£    £   
Within one year 76,803 85,373
Between one and five years 106,344 183,147
183,147 268,520

11. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Hire purchase contracts 107,576 193,425
Other creditors - 5,556
107,576 198,981

Hire purchase contracts are secured on the assets of the company.

EDUCATIONAL PRINTING SERVICES LIMITED (REGISTERED NUMBER: 01196673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and
30 April 2016:

2017 2016
£    £   
D J Pickering
Balance outstanding at start of year - -
Amounts advanced 275,344 -
Amounts repaid (150,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125,344 -

13. FIRST YEAR ADOPTION

This is the company's first set of financial statements prepared under FRS102. The date of transition to FRS102
was 1 May 2015.

The accounting policies are unchanged and there are no changes to profits and equity as previously reported.