PROUVOST & SONS LTD

PROUVOST & SONS LTD

PROUVOST & SONS LTD - Company Information

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PROUVOST & SONS LTD

Company Registration Number:
09335845 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

PROUVOST & SONS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

PROUVOST & SONS LTD

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 196 276
Tangible assets: 4 1,040 1,153
Total fixed assets: 1,236 1,429
Current assets
Debtors:   381,174 115,094
Cash at bank and in hand: 544,405 180,835
Total current assets: 925,579 295,929
Creditors: amounts falling due within one year:   (281,049) (38,538)
Net current assets (liabilities): 644,530 257,391
Total assets less current liabilities: 645,766 258,820
Provision for liabilities: (197)
Total net assets (liabilities): 645,569 258,820
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 645,568 258,819
Shareholders funds: 645,569 258,820

The notes form part of these financial statements

PROUVOST & SONS LTD

Balance sheet statements

For the year ending 31 December 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 19 June 2020
and signed on behalf of the board by:

Name: Laure Prouvost
Status: Director

The notes form part of these financial statements

PROUVOST & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 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

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 is reduced forestimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

25% Reducing balance method

Intangible fixed assets and amortisation policy

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable netassets. It is amortised to profit and loss account over its estimated economic life of 5 years.

PROUVOST & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 1 1

PROUVOST & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Intangible Assets

Total
Cost £
At 01 January 2018 401
At 31 December 2018 401
Amortisation
At 01 January 2018 125
Charge for year 80
At 31 December 2018 205
Net book value
At 31 December 2018 196
At 31 December 2017 276

PROUVOST & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Tangible Assets

Total
Cost £
At 01 January 2018 1,915
Additions 233
At 31 December 2018 2,148
Depreciation
At 01 January 2018 762
Charge for year 346
At 31 December 2018 1,108
Net book value
At 31 December 2018 1,040
At 31 December 2017 1,153

PROUVOST & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Related party transactions

Name of the related party: Celidor Loan
Relationship:
Intercompany
Description of the Transaction: Intercompany loan A total of £284,621/approx. 322,606 Euros worth of loans provided to Celidor on behalf of the studio andexpenses
£
Balance at 01 January 2018 0
Balance at 31 December 2018 284,621