Planning Progress Limited - Limited company - abbreviated

REGISTERED NUMBER: 08170730 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

PLANNING PROGRESS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A H Edwards

Mrs H J Edwards

SECRETARY:

Mrs H J Edwards

REGISTERED OFFICE:

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

REGISTERED NUMBER:

08170730 (England and Wales)

ACCOUNTANTS:

Lang Bennetts Chartered Accountants

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Tangible assets

2

113

256

CURRENT ASSETS

Debtors

4,957

641

Cash at bank

5,410

12,798

10,367

13,439

CREDITORS

Amounts falling due within one year

11,099

4,345

NET CURRENT (LIABILITIES)/ASSETS

(732

)

9,094

TOTAL ASSETS LESS CURRENT
LIABILITIES

(619

)

9,350

PROVISIONS FOR LIABILITIES

23

51

NET (LIABILITIES)/ASSETS

(642

)

9,299

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(644

)

9,297

SHAREHOLDERS' FUNDS

(642

)

9,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 February 2015 and were signed on its behalf
by:

P A H Edwards - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has net liabilities at the balance sheet date and is reliant upon the continued support of its director

and creditors. The directors consider the going concern basis for the preparation of the accounts to be

appropriate.

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

432

DEPRECIATION

At 1 November 2013

176

Charge for year

143

At 31 October 2014

319

NET BOOK VALUE

At 31 October 2014

113

At 31 October 2013

256

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

ordinary

£1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 October 2014 and the period

ended 31 October 2013:

2014

2013

£

P A H Edwards and Mrs H J Edwards

Balance outstanding at start of year

2

-

Amounts advanced

1,443

2

Amounts repaid

(9,649

)

-

Balance outstanding at end of year

(8,204

)

2

Planning Progress Limited - Limited company - abbreviated - 11.6

Planning Progress Limited - Limited company - abbreviated - 11.6