A B C Graphics Limited - Limited company - abbreviated

REGISTERED NUMBER: 00288063 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

A B C GRAPHICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G S Andrews

Mr C J Bignell

Mr A C Smith

Mr G E Andrews

SECRETARY:

Ms L A Wotton

REGISTERED OFFICE:

Units 2 & 3

Mercy Terrace

Ladywell

London

SE13 7EX

REGISTERED NUMBER:

00288063 (England and Wales)

ACCOUNTANTS:

Gibson Hewitt Limited

5 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

FIXED ASSETS

Tangible assets

2

167,549

206,872

CURRENT ASSETS

Stocks

125,446

172,373

Debtors

697,735

243,392

Cash at bank and in hand

325,129

834,617

1,148,310

1,250,382

CREDITORS

Amounts falling due within one year

306,052

296,826

NET CURRENT ASSETS

842,258

953,556

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,807

1,160,428

PROVISIONS FOR LIABILITIES

29,609

26,295

NET ASSETS

980,198

1,134,133

CAPITAL AND RESERVES

Called up share capital

3

80,872

Share premium

2,800

Capital redemption reserve

1,128

Profit and loss account

895,398

1,049,333

SHAREHOLDERS' FUNDS

980,198

1,134,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 July 2015 and were signed on its behalf by:

Mr G S Andrews - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

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

Long leasehold

-

Over the period of the lease

Plant and machinery

-

33% per annum on cost, 20% on cost and 15% on reducing balance

Fixtures and fittings

-

33% per annum on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stock

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

moving items.

Work in progress is valued at cost of materials, related direct labour and overhead expenses.

Deferred taxation

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date.

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its employees. Contributions

payable are charged to the profit and loss account in the year they are payable.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

582,548

Additions

54,047

Disposals

(35,270

)

At 31 March 2015

601,325

DEPRECIATION

At 1 April 2014

375,676

Charge for year

82,182

Eliminated on disposal

(24,082

)

At 31 March 2015

433,776

NET BOOK VALUE

At 31 March 2015

167,549

At 31 March 2014

206,872

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

68,732

Ordinary

£1

68,732

12,140

Deferred

£1

12,140

80,872

The ordinary shares and the deferred shares shall rank pari passu except that the deferred shares shall not be

entitled to the payment of any dividend or be entitled to receive notice of, or to attend or vote at, any general

meeting of the company.