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dpl-frs:Item11 2015-10-01 2016-09-30 06699046 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2015-10-01 2016-09-30 06699046 dpl-frs:Item12 2015-10-01 2016-09-30 06699046 dpl-frs:Item12 2015-09-30 06699046 dpl-frs:Item12 2016-09-30 06699046 dpl-frs:CostSales dpl-frs:Item12 2015-10-01 2016-09-30 06699046 dpl-frs:CostSales dpl-frs:Item12 2015-09-30 06699046 dpl-frs:CostSales dpl-frs:Item12 2016-09-30 06699046 dpl-frs:DistributionCosts dpl-frs:Item12 2015-10-01 2016-09-30 06699046 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2015-10-01 2016-09-30 06699046 1 2015-10-01 2016-09-30 06699046 frs-countries:EnglandWales 2015-10-01 2016-09-30
Registered number: 06699046
A&N Print Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2017
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Balance Sheet
Registered number: 06699046
2017 2016
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 68,214 64,472
68,214 64,472
CURRENT ASSETS
Stocks 4 3,000 3,000
Debtors 5 64,426 58,623
Cash at bank and in hand - 441
67,426 62,064
Creditors: Amounts Falling Due Within One Year 6 (87,181 ) (108,277 )
NET CURRENT ASSETS (LIABILITIES) (19,755 ) (46,213 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,459 18,259
NET ASSETS 48,459 18,259
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 48,457 18,256
SHAREHOLDERS' FUNDS 48,459 18,258
Page 1
For the year ending 30 September 2017 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 in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Albert Pooley
10/06/2018

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
1.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
1.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2016 138,145
Additions 20,795
As at 30 September 2017 158,940
Depreciation
As at 1 October 2016 73,673
Provided during the period 17,053
As at 30 September 2017 90,726
Net Book Value
As at 30 September 2017 68,214
As at 1 October 2016 64,472
Page 4
4. Stocks
2017 2016
£ £
Stock - materials and work in progress 3,000 3,000
3,000 3,000
5. Debtors
2017 2016
£ £
Due within one year
Due after more than one year
Trade debtors 64,426 58,623
64,426 58,623
6. Creditors: Amounts Falling Due Within One Year
2017 2016
£ £
Trade creditors 10,743 2,648
Bank loans and overdrafts 482 -
Corporation tax 8,671 11,006
Other taxes and social security 878 1,449
VAT 3,897 2,245
Directors' loan accounts 62,510 90,929
87,181 108,277
7. Share Capital
2017 2016
Allotted, Called up and fully paid 2 2
Value Number 2017 2016
Allotted, called up and fully paid £ £ £
Ordinary shares 1 2 2 2
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 5
2017 2016
£ £
Mr Albert Pooley 5,000 14,325
Mrs Nina Pooley 5,000 14,325
9. Related Party Transactions
Mr A & Mrs N PooleyDuring the period the company paid rent in respect of it's trading premises of £12,000 (2016: £12,000) to the Directors, Mr A & Mrs N Pooley.

Mr A & Mrs N Pooley

During the period the company paid rent in respect of it's trading premises of £12,000 (2016: £12,000) to the Directors, Mr A & Mrs N Pooley.

10. Ultimate Controlling Party
The company's ultimate controlling party is Mr A and Mrs N Pooley by virtue of their ownership of 100% of the issued share capital in the company.
11. Transition to FRS 102
This is the first year that the company has presented its financial statements under Financial Reporting Standard 102 (FRS102) Section 1A Small Entities issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the year ended 30 September 2016, the date of transition to FRS 102 Section 1A Small Entities was therefore 1 October 2015 and the format of the financial statements for the year ended 30 September 2017 has changed accordingly. The transition to FRS 102 Section 1A Small Entities has not required any restatement of amounts within the financial statements.
12. General Information
A&N Print Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06699046. The registered office is Unit 7, Waterside Business Park, Lamby Way, Rumney, Cardiff, CF3 2EQ.
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