Abbreviated Company Accounts - ABBEY PRINTERS (DEVON) LIMITED

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Registered Number 01313231

ABBEY PRINTERS (DEVON) LIMITED

Abbreviated Accounts

30 June 2016

ABBEY PRINTERS (DEVON) LIMITED Registered Number 01313231

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	15,892	17,756
		15,892	17,756
Current assets
Stocks		1,000	1,000
Debtors		51,646	43,493
Cash at bank and in hand		215	4
		52,861	44,497
Creditors: amounts falling due within one year	3	(63,436)	(88,037)
Net current assets (liabilities)		(10,575)	(43,540)
Total assets less current liabilities		5,317	(25,784)
Creditors: amounts falling due after more than one year	3	(4,257)	(5,126)
Provisions for liabilities		(3,034)	(3,407)
Total net assets (liabilities)		(1,974)	(34,317)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(2,074)	(34,417)
Shareholders' funds		(1,974)	(34,317)

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2017

And signed on their behalf by:
Mr A Penny, Director

ABBEY PRINTERS (DEVON) LIMITED Registered Number 01313231

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total value of goods, excluding value added tax, provided to customers during the year, plus the value of work, excluding value added tax, performed during the year with respect to services.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 7.5% on the reducing balance
Motor vehicles - 25% on the reducing balance
Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
Going concern
At the balance sheet date these accounts show net liabilities and net current liabilities. In spite of this the company's accounts have been prepared on a going concern basis as the directors consider that the company will continue to be able to settle its debts as they fall due.

2Tangible fixed assets

	£
Cost
At 1 July 2015	48,738
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	48,738
Depreciation
At 1 July 2015	30,982
Charge for the year	1,864
On disposals	-
At 30 June 2016	32,846
Net book values
At 30 June 2016	15,892
At 30 June 2015	17,756

3Creditors

	2016 £	2015 £
Secured Debts	25,746	32,702

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100