REGISTERED NUMBER: 01535133 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

ABBOT PRINT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A E M Browne

REGISTERED OFFICE:

Unit 4 Finway

Dallow Road

Luton

LU1 1TR

REGISTERED NUMBER:

01535133 (England and Wales)

ACCOUNTANTS:

Haines Watts

Advantage

87 Castle Street

Reading

Berkshire

RG1 7SN

FIXED ASSETS

Tangible assets

4

374,658

312,071

CURRENT ASSETS

Stocks

46,876

57,412

Debtors

5

631,963

759,013

Cash at bank and in hand

36,690

690

715,529

817,115

CREDITORS

Amounts falling due within one year

6

724,655

743,907

NET CURRENT (LIABILITIES)/ASSETS

(9,126

)

73,208

TOTAL ASSETS LESS CURRENT LIABILITIES

365,532

385,279

CREDITORS

Amounts falling due after more than one year

7

40,406

-

NET ASSETS

325,126

385,279

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

325,124

385,277

SHAREHOLDERS' FUNDS

325,126

385,279

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

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

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 and authorised for issue by the director on 21 December 2017 and were signed by:

A E M Browne - Director

1.	STATUTORY INFORMATION

Abbot Print Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

14.25% on cost

Fixtures, fittings and equipment

-

20% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 July 2016

633,754

51,694

6,120

691,568

Additions

141,312

1,872

-

143,184

Disposals

(26,624

)

-

-

(26,624

)

At 30 June 2017

748,442

53,566

6,120

808,128

DEPRECIATION

At 1 July 2016

324,446

48,931

6,120

379,497

Charge for year

76,978

2,272

-

79,250

Eliminated on disposal

(25,277

)

-

-

(25,277

)

At 30 June 2017

376,147

51,203

6,120

433,470

NET BOOK VALUE

At 30 June 2017

372,295

2,363

-

374,658

At 30 June 2016

309,308

2,763

-

312,071

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

269,713

396,050

Other debtors

362,250

362,963

631,963

759,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

114,454

221,663

Hire purchase contracts

26,425

-

Trade creditors

192,155

162,326

Taxation and social security

47,302

53,165

Other creditors

344,319

306,753

724,655

743,907

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

40,406

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Factored debts

114,451

221,663

Hire purchase

58,582

-

173,033

221,663

Bank loans include £114,451 (2016 - £221,663) relating to amounts outstanding on an invoice

discounting facility which is secured by a book debts debenture and a fixed and floating charge over

assets of the company.

Hire purchases include £58,582 (2016 - £nil) relating to amounts outstanding on hire purchase

agreements which are secured over assets of the company.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2016 - £42,900) were paid to the director .

The Receipt Book Company Limited.

A company under common control.

During the year the company supplied goods and servicing amounting to £115,229 to The Receipt

Book Company Limited.

2017

2016

£

£

Amount due to related party at the balance sheet date

180,627

112,937

Abbot Duplicate Book Company Ltd

A company under common control.

During the year the company made loans of £7,000 to Abbot Duplicate Book Company Limited.

2017

2016

£

£

Amount due from related party at the balance sheet date

347,520

340,520

A E M Browne

A director of the company.

During the prior year the director provided a loan to the company.

Dividends of £35,000 were paid to the director during the year.

2017

2016

£

£

Amount due to related party at the balance sheet date

157,800

180,000

10.	ULTIMATE CONTROLLING PARTY