REGISTERED NUMBER: 07008047 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ABBEYSTAR PRINT SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Lawrence

V P Ward

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

86 Pall Mall

Leigh on Sea

Essex

SS9 1RG

REGISTERED NUMBER:

07008047 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Certified Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

4

23,054

29,334

CURRENT ASSETS

Debtors

5

86,243

69,145

Cash at bank and in hand

9,257

10,321

95,500

79,466

CREDITORS

Amounts falling due within one year

6

85,698

68,888

NET CURRENT ASSETS

9,802

10,578

TOTAL ASSETS LESS CURRENT LIABILITIES

32,856

39,912

CREDITORS

Amounts falling due after more than one year

7

(5,000

)

(9,000

)

PROVISIONS FOR LIABILITIES

(4,611

)

(5,867

)

NET ASSETS

23,245

25,045

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

22,245

24,045

SHAREHOLDERS' FUNDS

23,245

25,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 June 2017 and were signed on its behalf by:

V P Ward - Director

1.	STATUTORY INFORMATION

Abbeystar Print Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2015

3,000

10,614

4,110

At 30 September 2016

3,000

10,614

4,110

DEPRECIATION

At 1 October 2015

980

2,539

1,202

Charge for year

202

807

291

At 30 September 2016

1,182

3,346

1,493

NET BOOK VALUE

At 30 September 2016

1,818

7,268

2,617

At 30 September 2015

2,020

8,075

2,908

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2015

17,598

33,107

68,429

Additions

-

2,671

2,671

At 30 September 2016

17,598

35,778

71,100

DEPRECIATION

At 1 October 2015

4,839

29,535

39,095

Charge for year

3,190

4,461

8,951

At 30 September 2016

8,029

33,996

48,046

NET BOOK VALUE

At 30 September 2016

9,569

1,782

23,054

At 30 September 2015

12,759

3,572

29,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

80,202

65,611

Other debtors

6,041

3,534

86,243

69,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Hire purchase contracts

4,000

6,100

Trade creditors

68,286

50,325

Taxation and social security

7,752

8,769

Other creditors

5,660

3,694

85,698

68,888

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.16

30.9.15

£

£

Hire purchase contracts

5,000

9,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.16

30.9.15

£

£

Hire purchase contracts

9,000

15,100

The hire purchase debt is secured by a fixed charge over the asset financed.