Pro-Activ Publications Limited - Limited company - abbreviated - 11.6
Pro-Activ Publications Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
PRO-ACTIV PUBLICATIONS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2014 |
PRO-ACTIV PUBLICATIONS LIMITED (REGISTERED NUMBER: 03050110) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
PRO-ACTIV PUBLICATIONS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
PRO-ACTIV PUBLICATIONS LIMITED (REGISTERED NUMBER: 03050110) |
ABBREVIATED BALANCE SHEET |
31 MAY 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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 were approved by the Board of Directors on |
PRO-ACTIV PUBLICATIONS LIMITED (REGISTERED NUMBER: 03050110) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis which assumes that the company will continue in |
operational existence for the foreseeable future. The validity of this assumption depends upon the company continuing to |
receive financial support from its bankers and directors. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of |
the lease. |
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 the profit and loss account in the period to which they relate. |
Factoring |
The company makes use of a factoring facility available in respect of certain of the company's trade debts. Monies drawn |
down under the terms of the factoring agreement are shown separately under current liabilities. |
PRO-ACTIV PUBLICATIONS LIMITED (REGISTERED NUMBER: 03050110) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MAY 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2013 |
Additions |
At 31 May 2014 |
DEPRECIATION |
At 1 June 2013 |
Charge for year |
At 31 May 2014 |
NET BOOK VALUE |
At 31 May 2014 |
At 31 May 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
ordinary shares | £1 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date, the company owed £25 (2013: £22) to Mr L J O'Leary, |
a director of the company. The balance has been included in other creditors. |
5. | ULTIMATE CONTROLLING PARTY |
The company is under the control of its directors. |