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Provincial Printing and
Publishing Company Limited

Unaudited Financial Statements

for the Period 1 September 2016 to 30 November 2017






Provincial Printing and
Publishing Company Limited

Company Information
for the Period 1 September 2016 to 30 November 2017







DIRECTOR: Mrs S L Fitzgerald





SECRETARY: Mrs S L Fitzgerald





REGISTERED OFFICE: Sanatorium Road
Cardiff
CF11 8DG





REGISTERED NUMBER: 00536880 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Provincial Printing and
Publishing Company Limited (Registered number: 00536880)

Balance Sheet
30 November 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 300,000 887,652

CURRENT ASSETS
Stocks - 15,816
Debtors 4 138,443 141,181
Cash at bank and in hand 392,813 379
531,256 157,376
CREDITORS
Amounts falling due within one year 5 418,993 292,908
NET CURRENT ASSETS/(LIABILITIES) 112,263 (135,532 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,263

752,120

CREDITORS
Amounts falling due after more than
one year

6

(138,184

)

(154,533

)

PROVISIONS FOR LIABILITIES - (89,700 )
NET ASSETS 274,079 507,887

CAPITAL AND RESERVES
Called up share capital 3,334 3,334
Capital redemption reserve 1,666 1,666
Other reserves 281,888 281,888
Retained earnings (12,809 ) 220,999
274,079 507,887

Provincial Printing and
Publishing Company Limited (Registered number: 00536880)

Balance Sheet - continued
30 November 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 30 August 2018 and were signed by:





Mrs S L Fitzgerald - Director


Provincial Printing and
Publishing Company Limited (Registered number: 00536880)

Notes to the Financial Statements
for the Period 1 September 2016 to 30 November 2017


1. 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.
Plant and machinery etc - 25% reducing balance and 10% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Taxation
Taxation for the period 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
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 period 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.

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.

Provincial Printing and
Publishing Company Limited (Registered number: 00536880)

Notes to the Financial Statements - continued
for the Period 1 September 2016 to 30 November 2017


2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2016 - 9 ) .

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2016 300,000 1,520,142 1,820,142
Additions - 433 433
Disposals - (1,519,469 ) (1,519,469 )
At 30 November 2017 300,000 1,106 301,106
DEPRECIATION
At 1 September 2016 - 932,490 932,490
Charge for period - 72,682 72,682
Eliminated on disposal - (1,004,066 ) (1,004,066 )
At 30 November 2017 - 1,106 1,106
NET BOOK VALUE
At 30 November 2017 300,000 - 300,000
At 31 August 2016 300,000 587,652 887,652

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 52,405 41,921
Other debtors & prepayments 86,038 99,260
138,443 141,181

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans & overdraft 9,245 12,762
Hire purchase contracts - 10,976
Trade creditors 15,108 49,158
Taxes & social security costs 140,063 41,875
Other creditors & accruals 254,577 178,137
418,993 292,908

Provincial Printing and
Publishing Company Limited (Registered number: 00536880)

Notes to the Financial Statements - continued
for the Period 1 September 2016 to 30 November 2017


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Bank loans 138,184 150,905
Hire purchase contracts - 3,628
138,184 154,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 88,250 100,971