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Registered Number: 02775958
England and Wales

 

 

 

FINE LINE PRINTING AND STATIONERY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Report to the directors on the preparation of the unaudited statutory accounts of Fine Line Printing And Stationery Limited for the year ended 31 May 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fine Line Printing And Stationery Limited for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Fine Line Printing And Stationery Limited, as a body, in accordance with the terms of our engagement letter dated 18 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of Fine Line Printing And Stationery Limited and state those matters that we have agreed to state to the Board of Directors of Fine Line Printing And Stationery Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fine Line Printing And Stationery Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fine Line Printing And Stationery Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fine Line Printing And Stationery Limited. You consider that Fine Line Printing And Stationery 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 accounts of Fine Line Printing And Stationery 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 accounts for the period ended 31 May 2023 



....................................................
Baranov Associates Ltd
4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
12 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,603    3,062 
2,603    3,062 
Current assets      
Stocks 38,937    21,553 
Debtors: amounts falling due within one year 44,361    73,114 
Cash at bank and in hand 11,928    (33,361)
95,226    61,306 
Creditors: amount falling due within one year (357,227)   (312,158)
Net current liabilities (262,001)   (250,852)
 
Total assets less current liabilities (259,398)   (247,790)
Creditors: amount falling due after more than one year (35,000)   (45,977)
Net liabilities (294,398)   (293,767)
 

Capital and reserves
     
Called up share capital 4 100,000    100,000 
Profit and loss account (394,398)   (393,767)
Shareholder's funds (294,398)   (293,767)
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2024 and were signed by:


-------------------------------
Alexander George Sharples
Director
2
General Information
Fine Line Printing And Stationery Limited is a private company, limited by shares, registered in England and Wales, registration number 02775958, registration address The Eagles, 32 Clwyd Street, Ruthin, Denbighshire, LL15 1HW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred taxation
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 6 (2022 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 June 2022 61,791    61,791 
Additions  
Disposals  
At 31 May 2023 61,791    61,791 
Depreciation
At 01 June 2022 58,729    58,729 
Charge for year 459    459 
On disposals  
At 31 May 2023 59,188    59,188 
Net book values
Closing balance as at 31 May 2023 2,603    2,603 
Opening balance as at 01 June 2022 3,062    3,062 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100,000 Ordinary shares of £1.00 each 100,000    100,000 
100,000    100,000 

3