PROGRAM PRODUCTS LIMITED - Limited company - abbreviated - 11.6
PROGRAM PRODUCTS LIMITED - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| PROGRAM PRODUCTS LIMITED |
| PROGRAM PRODUCTS LIMITED (Registered number: 01302320) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PROGRAM PRODUCTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| PROGRAM PRODUCTS LIMITED (Registered number: 01302320) |
| ABBREVIATED BALANCE SHEET |
| 31 December 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| PROGRAM PRODUCTS LIMITED (Registered number: 01302320) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 December 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of accounting |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Going concern |
| The solvency of the company is dependent on the continued availability of funds by way of loans amounting at |
| 31st December 2014 to £1,588,876 which are owed to directors. They have given their assurance that they have |
| no current intention to seek repayment of the loans outstanding to them if by so doing the company would have |
| to cease trading. On the strength of this assurance the accounts have been prepared on a going concern basis. The |
| amount due carries no interest. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 5,000 |
| At 31 December 2014 | 5,000 |
| NET BOOK VALUE |
| At 31 December 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| Ordinary shares of £1 each | £1 |
| 4. | ULTIMATE PARENT COMPANY |
| The Ultimate Holding Company is Prolog Management Limited, a company incorporated in England. |
| 5. | RELATED PARTY DISCLOSURES |
| There were no transactions needing disclosure in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| 6. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is J.R.Harris by virtue of his shareholding in the holding company. |