5982967 2014-01-01 false true 2014-12-312014-12-31 5982967 2014-01-01 2014-12-31 5982967 2014-12-31 5982967 2013-12-31 5982967 c:FixturesFittingsToolsEquipment 2014-01-01 2014-12-31 5982967 d:OrdinaryShareClass1 2014-12-31 5982967 d:OrdinaryShareClass1 2013-12-31 5982967 d:OrdinaryShareClass1 2014-01-01 2014-12-31 5982967 d:OrdinaryShareClass2 2014-12-31 5982967 d:OrdinaryShareClass2 2013-12-31 5982967 d:OrdinaryShareClass2 2014-01-01 2014-12-31 5982967 d:OrdinaryShareClass3 2014-12-31 5982967 d:OrdinaryShareClass3 2013-12-31 5982967 d:OrdinaryShareClass3 2014-01-01 2014-12-31 5982967 d:Director1 2014-01-01 2014-12-31 5982967 d:Director2 2014-01-01 2014-12-31 5982967 c:OfficeEquipment 2014-01-01 2014-12-31 5982967 c:PlantMachinery 2014-01-01 2014-12-31 xbrli:shares iso4217:GBP

Registered number: 5982967









THE NEW INK PRINTING COMPANY LIMITED








ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014


 
THE NEW INK PRINTING COMPANY LIMITED
REGISTERED NUMBER: 5982967

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
124,599
135,729
 
CURRENT ASSETS





 
Debtors
156,837
127,829

 
Cash at bank and in hand

40,252
197







 
197,089
128,026
 
CREDITORS: amounts falling due within one year
(215,702)
(190,011)
 
NET CURRENT LIABILITIES


(18,613)

(61,985)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
105,986
73,744
 
CREDITORS: amounts falling due after more than one year
(39,040)

(6,072)

NET ASSETS




 66,946


 67,672
  
CAPITAL AND RESERVES

 
Called up share capital
3
120
120
 
Profit and loss account
66,826
67,552
 
SHAREHOLDERS' FUNDS
 

 66,946

 67,672


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 30 April 2015.


S Morfield
A Ballam
Director
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1



 
THE NEW INK PRINTING COMPANY LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery
-
10% reducing balance
Fixtures & fittings
-
25% reducing balance
Office equipment
-
25% reducing balance


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 January 2014
277,417

Additions
6,995

Disposals
(4,495)


At 31 December 2014

279,917



Depreciation


At 1 January 2014
141,688

Charge for the year
14,484

On disposals
(854)


At 31 December 2014

155,318




Net book value


At 31 December 2014
 124,599


At 31 December 2013

 135,729

Page 2



 
THE NEW INK PRINTING COMPANY LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



100 Ordinary A shares of £1 each
100
100
10 Ordinary B non-voting shares of £1 each
10
10
10 Ordinary C non-voting shares of £1 each
10
10

 120

 120


4.TRANSACTIONS WITH DIRECTORS

Included in other creditors due within one year is a loan from the directorsA Ballam amounting to £17 [2013 - £(1,021)] and S Morfield amounting to £9,774 [2013 - £(10,227)].  

During the year advances of £25,979 (2013 - £22,267) were made to A Ballam and advances of £25,429 (2013 - £22,546) were made to S Morfield credits amounting to £24,975 (2013 - £14,000) were received from A Ballam and credits amounting to £24,975 (2013 - £14,000) were received from S Morfield.
 
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