A B Multimask Ltd.

Contents
	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—8

Report to the directors on the preparation of the unaudited statutory accounts of A B Multimask Ltd. For The Year Ended 31 March 2017

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A B Multimask Ltd. which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of A B Multimask Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A B Multimask Ltd. and state those matters that we have agreed to state to the directors of A B Multimask Ltd., as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A B Multimask Ltd. and its directors as a body for our work or for this report.

It is your duty to ensure that A B Multimask Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of A B Multimask Ltd.. You consider that A B Multimask Ltd. 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 accounts of A B Multimask Ltd.. 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 financial statements.

19th December 2017

Integrity Partnership

Chartered Certified Accountants

1 Plough Road

Wellington

Telford

Shropshire

TF1 1ET

Page 1

A B Multimask Ltd.

Balance Sheet

As at 31 March 2017

Balance Sheet

Registered number: 06161609

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	7		934		1,245

			934		1,245
CURRENT ASSETS
Stocks	8	22,958		25,750
Debtors	9	14,209		9,471

		37,167		35,221
Creditors: Amounts Falling Due Within One Year	10	(32,829 )		(31,345 )

NET CURRENT ASSETS (LIABILITIES)			4,338		3,876

TOTAL ASSETS LESS CURRENT LIABILITIES			5,272		5,121

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(187 )		(249 )

NET ASSETS			5,085		4,872

CAPITAL AND RESERVES
Called up share capital	12		5		5
Profit and loss account			5,081		4,868

SHAREHOLDERS' FUNDS			5,086		4,873

Page 2

A B Multimask Ltd.

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 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 Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Trevor While

19th December 2017

The notes on pages 5 to 8 form part of these financial statements.

Page 3

A B Multimask Ltd.

Statement of Changes in Equity

For The Year Ended 31 March 2017

Statement of Changes in Equity

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	5	3,773	3,778
Profit for the year and total comprehensive income	-	9,502	9,502

Dividends paid	-	(8,407)	(8,407)

As at 31 March 2016 and 1 April 2016	5	4,868	4,873


Profit for the year and total comprehensive income	-	1,198	1,198

Dividends paid	-	(985)	(985)

As at 31 March 2017	5	5,081	5,086

Page 4

A B Multimask Ltd.

Notes to the Unaudited Accounts

For The Year Ended 31 March 2017

Notes to the Unaudited Accounts

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 Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

1.4. 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.

1.5. Deferred Taxation

In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.

1.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	2	2

	2	2

Page 5

A B Multimask Ltd.

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. Tangible Assets


	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2016	1,591	7,015	8,606

As at 31 March 2017	1,591	7,015	8,606

Depreciation
As at 1 April 2016	1,238	6,123	7,361
Provided during the period	88	223	311

As at 31 March 2017	1,326	6,346	7,672

Net Book Value
As at 31 March 2017	265	669	934

As at 1 April 2016	353	892	1,245

8. Stocks

	2017	2016
	£	£
Stock - materials	22,958	25,750

	22,958	25,750

9. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	12,454	7,706
Prepayments and accrued income	298	308
Corporation tax recoverable assets	430	430
Directors' loan accounts	1,027	1,027

	14,209	9,471

Page 6

A B Multimask Ltd.

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

10. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	16,281	16,279
Bank loans and overdrafts	6,151	6,225
Corporation tax	2,967	2,459
Other taxes and social security	462	96
VAT	4,923	4,991
Accruals and deferred income	1,101	1,101
Directors' loan accounts	944	194

	32,829	31,345

11. Deferred Taxation

	2017	2016
	£	£
As at 1 April 2016	249	332
Deferred taxation	(62 )	(83 )


Deferred tax	187	249

The provision for deferred taxation is made up of accelerated capital allowances

12. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

Ordinary B shares	1.000	1	1	1

Ordinary C shares	1.000	2	2	2




		5	5	5

Page 7

A B Multimask Ltd.

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

13. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 April 2016	Amounts advanced	Amounts repaid	As at 31 March 2017
	£	£	£	£
Mr Trevor While	1,027	-	-	1,027
Mr Robert While	-	-	-	-

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2017	2016
	£	£
Mr Trevor While	767	8,222

14. Dividends

	2017	2016
	£	£
On equity shares:
Interim dividend paid	985	8,407

	985	8,407

15. Ultimate Controlling Party

The company is ultimately controlled by its ordinary shareholders.

16. General Information

A B Multimask Ltd. Registered number 06161609 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit C3 Court 2000 Industrial Estate, Bridgnorth Road, Madeley, Telford, Shropshire, TF7 4JB.

Page 8