Abbreviated Company Accounts - PROGRESS SALES LIMITED

Abbreviated Company Accounts - PROGRESS SALES LIMITED

PROGRESS SALES LIMITED - Company Information

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Registered Number 05527310

PROGRESS SALES LIMITED

Abbreviated Accounts

31 August 2014

PROGRESS SALES LIMITED Registered Number 05527310

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 24,719 23,566
24,719 23,566
Current assets
Stocks 151,466 151,466
Cash at bank and in hand 760 7,542
152,226 159,008
Creditors: amounts falling due within one year (160,538) (164,804)
Net current assets (liabilities) (8,312) (5,796)
Total assets less current liabilities 16,407 17,770
Total net assets (liabilities) 16,407 17,770
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,406 17,769
Shareholders' funds 16,407 17,770
  • For the year ending 31 August 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 May 2015

And signed on their behalf by:
C L Stafford, Director

PROGRESS SALES LIMITED Registered Number 05527310

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services

2Tangible fixed assets
£
Cost
At 1 September 2013 37,032
Additions 2,323
Disposals -
Revaluations -
Transfers -
At 31 August 2014 39,355
Depreciation
At 1 September 2013 13,466
Charge for the year 1,170
On disposals -
At 31 August 2014 14,636
Net book values
At 31 August 2014 24,719
At 31 August 2013 23,566