Companies House iXbrl

PRODUCTRIGHT LTD - Company Information

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Registered number: 09394052

Productright Ltd

Unaudited Financial Statements

for the year ended 31 December 2020

Statement of Financial Position

as at 31 December 2020

2020

2019

Called up share capital not paid

Fixed assets

157

633

Current assets

Prepayments and accrued income

Creditors: amounts falling due within one year

( 1,787 )

( 1,652 )

Net current assets (liabilities)

( 1,725 )

( 1,553 )

Total assets less current liabilities

( 1,568 )

( 920 )

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

Net assets

( 1,568 )

( 920 )

Capital and reserves

( 1,568 )

( 920 )

xbrli:pure 09394052 2020-01-01 2020-12-31 09394052 2019-01-01 2019-12-31 09394052 2020-12-31 09394052 2019-12-31 09394052 2020-01-01 09394052 uk-frs102:WithinOneYear 2020-12-31 09394052 uk-frs102:AfterOneYear 2020-12-31 09394052 uk-frs102:WithinOneYear 2019-12-31 09394052 uk-frs102:AfterOneYear 2019-12-31 09394052 uk-bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 09394052 uk-bus:AbbreviatedAccounts 2020-01-01 2020-12-31 09394052 uk-bus:Director1 1 2020-01-01 2020-12-31 09394052 uk-bus:Director1 2020-01-01 2020-12-31 09394052 uk-bus:Director1 1 2020-01-01 09394052 uk-bus:Director1 1 2020-12-31 09394052 uk-bus:Micro-entities 2020-01-01 2020-12-31 09394052 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 iso4217:GBP 09394052 countries:EnglandWales 2020-01-01 2020-12-31 09394052 uk-bus:RegisteredOffice 2020-01-01 2020-12-31

Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 1.

3. Directors’ benefits: advances, credit and guarantees

Stephen Field

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,787 by Stephen Field, a director of the company, on 01/01/2020.

During the accounting year the maximum amount repayable to Stephen Field was £1,787

The following conditions are attached to amount payable to Stephen Field:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid by the company.

Opening balance 01/01/2020	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/12/2020
£	£	£	£	£	£	£
1,652	( 1 ) ( 1 )	136 136	0	0	0	1,787

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/12/2020 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts