JOHNSON PROGRESS (2012) LIMITED

JOHNSON PROGRESS (2012) LIMITED

JOHNSON PROGRESS (2012) LIMITED - Company Information

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JOHNSON PROGRESS (2012) LIMITED

Company Registration Number:
08199669 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

JOHNSON PROGRESS (2012) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

JOHNSON PROGRESS (2012) LIMITED

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Current assets
Stocks: 11,336 13,213
Debtors:   41,672 62,647
Cash at bank and in hand: 2,361 3,775
Total current assets: 55,369 79,635
Creditors: amounts falling due within one year:   (68,884) (92,191)
Net current assets (liabilities): (13,515) (12,556)
Total assets less current liabilities: (13,515) (12,556)
Total net assets (liabilities): (13,515) (12,556)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (13,516) (12,557)
Shareholders funds: (13,515) (12,556)

The notes form part of these financial statements

JOHNSON PROGRESS (2012) LIMITED

Balance sheet statements

For the year ending 30 September 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2019
and signed on behalf of the board by:

Name: B E Gnyla
Status: Director

The notes form part of these financial statements

JOHNSON PROGRESS (2012) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.

Other accounting policies

Going ConcernThe company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.StocksStocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.Foreign currenciesAssets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.Pension costsThe company operates a defined contribution pension scheme for employees. The annual contributions payable are charged to the profit and loss account.

JOHNSON PROGRESS (2012) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Related party transactions

Name of the related party: B E Gnyla
Relationship:
Director
Description of the Transaction: During the year the company's director was repaid £37,262 by the company.£15,536 (2017 £52,798) is due to the director at the year end and is included in creditors falling due within one year.The director has secured the funds introduced by a debenture.
£
Balance at 01 October 2017 52,798
Balance at 30 September 2018 15,536