PRCO STUDIO LTD

PRCO STUDIO LTD

PRCO STUDIO LTD - Company Information

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PRCO STUDIO LTD

Company Registration Number:
03183592 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

PRCO STUDIO LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

PRCO STUDIO LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 1,747 1,388
Total fixed assets: 1,747 1,388
Current assets
Debtors:   132,645 595,618
Cash at bank and in hand: 25,699 127,862
Total current assets: 158,344 723,480
Creditors: amounts falling due within one year: 4 (352,532) (912,141)
Net current assets (liabilities): (194,188) (188,661)
Total assets less current liabilities: (192,441) (187,273)
Total net assets (liabilities): (192,441) (187,273)
Capital and reserves
Called up share capital: 680 680
Profit and loss account: (193,121) (187,953)
Shareholders funds: (192,441) (187,273)

The notes form part of these financial statements

PRCO STUDIO LTD

Balance sheet statements

For the year ending 31 December 2019 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 30 June 2020
and signed on behalf of the board by:

Name: RG Lyle
Status: Director

The notes form part of these financial statements

PRCO STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PRCO STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 1 1

PRCO STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 4,709
Additions 1,965
Disposals (4,174)
At 31 December 2019 2,500
Depreciation
At 01 January 2019 3,321
Charge for year 1,329
On disposals (3,897)
At 31 December 2019 753
Net book value
At 31 December 2019 1,747
At 31 December 2018 1,388

PRCO STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Creditors: amounts falling due within one year note

Trade creditors - £59Amounts owed to group undertakings - £345,282Taxes & social security - £2,693Other creditors - £4,497

PRCO STUDIO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Related party transactions

Name of the related party: PRCO Ltd
Relationship:
Holding Company
Description of the Transaction: Intergroup sales and cash advances
£
Balance at 01 January 2019 284,652
Balance at 31 December 2019 212,637