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Provincial Printing and
Publishing Company Limited

Financial Statements for the Year Ended 31 August 2016






Provincial Printing and
Publishing Company Limited

Company Information
for the Year Ended 31 August 2016







DIRECTOR: S L Fitzgerald





SECRETARY: 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

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Provincial Printing and
Publishing Company Limited


The following reproduces the text of the report prepared for the director and members in
respect of the company's annual unaudited financial statements. In accordance with the
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Profit and Loss Account and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of Provincial Printing and Publishing Company Limited for
the year ended 31 August 2016 which comprise the Profit and Loss Account, Balance Sheet and
the related notes from the company's accounting records and from information and explanations
you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Provincial Printing and Publishing Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Provincial Printing and Publishing Company Limited and state those matters that we have agreed to state to the director of Provincial Printing and Publishing Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Provincial Printing and Publishing Company Limited director for our work or for this report.

It is your duty to ensure that Provincial Printing and Publishing Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Provincial Printing and Publishing Company Limited. You consider that Provincial Printing and Publishing Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Provincial Printing and Publishing Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


31 May 2017

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

Balance Sheet
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 887,652 983,486

CURRENT ASSETS
Stocks 15,816 16,274
Debtors 5 141,181 136,611
Cash at bank and in hand 379 424
157,376 153,309
CREDITORS
Amounts falling due within one year 6 292,908 329,171
NET CURRENT LIABILITIES (135,532 ) (175,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,120

807,624

CREDITORS
Amounts falling due after more than
one year

7

(154,533

)

(177,968

)

PROVISIONS FOR LIABILITIES (89,700 ) (117,100 )
NET ASSETS 507,887 512,556

CAPITAL AND RESERVES
Called up share capital 3,334 3,334
Capital redemption reserve 1,666 1,666
Other reserves 281,888 300,108
Retained earnings 220,999 207,448
SHAREHOLDERS' FUNDS 507,887 512,556

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

Balance Sheet - continued
31 August 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 10 May 2017 and were signed by:





S L Fitzgerald - Director


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

Notes to the Financial Statements
for the Year Ended 31 August 2016


1. STATUTORY INFORMATION

Provincial Printing and Publishing Company Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net
of value added tax and trade discounts, in relation to printing services. Turnover in respect of
contracts for uninvoiced goods and services is recognised by reference to the stage of
completion at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Plant and machinery - 10% reducing balance
Motor vehicles - 25% reducing balance

Stock
Stock is valued at the lower of cost and net realisable value.

Deferred tax
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes.
Deferred taxation is calculated on an un-discounted basis at the tax rates which are
expected to apply in the periods when the timing differences will reverse.

Pension costs
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

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

Notes to the Financial Statements - continued
for the Year Ended 31 August 2016


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2015 370,001 1,481,921 38,221 1,890,143
Revaluations (70,001 ) - - (70,001 )
At 31 August 2016 300,000 1,481,921 38,221 1,820,142
DEPRECIATION
At 1 September 2015 44,381 853,321 8,955 906,657
Charge for year 7,400 62,860 7,354 77,614
Revaluation adjustments (51,781 ) - - (51,781 )
At 31 August 2016 - 916,181 16,309 932,490
NET BOOK VALUE
At 31 August 2016 300,000 565,740 21,912 887,652
At 31 August 2015 325,620 628,600 29,266 983,486

The Freehold Land and Buildings were professionally revalued in February 2017 by Burnett
Davies (Chartered Surveyors) at £300,000 on an open market basis. The revaluation has
been reflected in the accounts.

Freehold land and buildings:
2016 2015
£    £   
Historical Cost 111,959 111,959
Cumulative depreciation based on historical cost - 32,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 41,921 33,403
Other debtors & prepayments 99,260 103,208
141,181 136,611

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

Notes to the Financial Statements - continued
for the Year Ended 31 August 2016


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans & overdraft 12,762 30,800
Hire purchase contracts 10,976 127,060
Trade creditors 49,158 54,556
Taxes & social security costs 41,875 19,388
Other creditors & accruals 178,137 97,367
292,908 329,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2016 2015
£    £   
Bank loans 150,905 163,070
Hire purchase contracts 3,628 14,898
154,533 177,968

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 100,971 108,697

8. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank overdrafts 2,117 20,555
Bank loans 161,550 173,315
Hire purchase contracts 14,604 141,958
178,271 335,828