REGISTERED NUMBER: 01575819 (England and Wales)

BAF Graphics Limited

Financial Statements for the Year Ended 31st October 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

G Scillitoe

REGISTERED OFFICE:

25-27 Lydden Road

London

SW18 4LT

REGISTERED NUMBER:

01575819 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

7 East Pallant

Chichester

West Sussex

PO19 1TR

FIXED ASSETS

Tangible assets

4

24,817

136,858

CURRENT ASSETS

Stocks

33,120

38,965

Debtors

5

314,368

621,074

Cash at bank and in hand

36,475

28,126

383,963

688,165

CREDITORS

Amounts falling due within one year

6

504,890

540,784

NET CURRENT (LIABILITIES)/ASSETS

(120,927

)

147,381

TOTAL ASSETS LESS CURRENT LIABILITIES

(96,110

)

284,239

CREDITORS

Amounts falling due after more than one year

7

1,133

34,687

NET (LIABILITIES)/ASSETS

(97,243

)

249,552

CAPITAL AND RESERVES

Called up share capital

8

22,000

22,000

Capital redemption reserve

9

83,652

83,652

Retained earnings

9

(202,895

)

143,900

SHAREHOLDERS' FUNDS

(97,243

)

249,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 by the director on 30th July 2018 and were signed by:

G Scillitoe - Director

1.	STATUTORY INFORMATION

BAF Graphics 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.	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.

Stocks

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

moving items.

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.

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 22 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1st November 2016

and 31st October 2017

30,520

1,163,632

37,386

DEPRECIATION

At 1st November 2016

30,520

1,043,722

37,386

Charge for year

-

105,517

-

At 31st October 2017

30,520

1,149,239

37,386

NET BOOK VALUE

At 31st October 2017

-

14,393

-

At 31st October 2016

-

119,910

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st November 2016

and 31st October 2017

47,263

63,510

1,342,311

DEPRECIATION

At 1st November 2016

30,587

63,238

1,205,453

Charge for year

6,252

272

112,041

At 31st October 2017

36,839

63,510

1,317,494

NET BOOK VALUE

At 31st October 2017

10,424

-

24,817

At 31st October 2016

16,676

272

136,858

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

269,240

547,760

Amts recoverable on contracts

12,000

34,038

Other debtors

-

181

Prepayments and accrued income

33,128

39,095

314,368

621,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

36,636

86,096

Trade creditors

118,104

273,034

Social security and other taxes

112,824

32,827

VAT

195,326

92,548

Other creditors

268

2,851

Directors' current accounts

7,562

929

Accruals and deferred income

34,170

52,499

504,890

540,784

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,133

34,687

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

22,000

Ordinary

£1

22,000

22,000

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st November 2016

143,900

83,652

227,552

Deficit for the year

(346,795

)

(346,795

)

At 31st October 2017

(202,895

)

83,652

(119,243

)

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G Scillitoe.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of BAF Graphics Limited for the year ended 31st October 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of BAF Graphics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BAF Graphics Limited and state those matters that we have agreed to state to the director of BAF Graphics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BAF Graphics Limited and its director for our work or for this report.

It is your duty to ensure that BAF Graphics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BAF Graphics Limited. You consider that BAF Graphics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BAF Graphics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sheen Stickland

Chartered Accountants

7 East Pallant

Chichester

West Sussex

PO19 1TR

30th July 2018