REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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FOR |
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INC PRINT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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FOR |
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INC PRINT LIMITED |
INC PRINT LIMITED (REGISTERED NUMBER: 06071385) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
INC PRINT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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INC PRINT LIMITED (REGISTERED NUMBER: 06071385) |
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ABBREVIATED BALANCE SHEET |
28TH FEBRUARY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the director on
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INC PRINT LIMITED (REGISTERED NUMBER: 06071385) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared in accordance with the special provisions of part 15 of the |
Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
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Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are |
physically delivered to the customer. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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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 the profit and loss account in the period to which they relate. |
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Government grants |
The grant received in regard to the Bizhub press machine will be written off to the profit and loss account over |
five years. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st March 2014 |
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Additions |
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At 28th February 2015 |
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DEPRECIATION |
At 1st March 2014 |
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Charge for year |
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At 28th February 2015 |
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NET BOOK VALUE |
At 28th February 2015 |
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At 28th February 2014 |
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INC PRINT LIMITED (REGISTERED NUMBER: 06071385) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 28th February 2015 and |
28th February 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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R T Clarke directors loan account has been transfered to other debtors at the date of his termination as a |
director on 3 December 2014. |
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The directors loan will be repaid via a dividend on 31 October 2015. |