PROGRESS ARTS LIMITED Accounts filed on 31-05-2015

PROGRESS ARTS LIMITED Accounts filed on 31-05-2015

PROGRESS ARTS LIMITED - Company Information

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PROGRESS ARTS LIMITED




Company Registration Number:
04221885 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st June 2014

End date: 31st May 2015

SUBMITTED

PROGRESS ARTS LIMITED

Company Information
for the Period Ended 31st May 2015




Director: Nicholas Heaf
Danielle Arnaud
Company secretary: Nicholas Heaf
Registered office: 123 Kennington Road
London
SE11 6SF
Company Registration Number: 04221885 (England and Wales)

PROGRESS ARTS LIMITED

Abbreviated Balance sheet
As at 31st May 2015

Notes 2015
£		 2014
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 0 0
Total fixed assets: 0 0
Current assets
Stocks: 1,144 1,142
Debtors: 5,943 0
Cash at bank and in hand: 186 5,746
Total current assets: 7,273 6,888
Creditors
Creditors: amounts falling due within one year 6,118 9,418
Net current assets (liabilities): 1,155 ( 2,530 )
Total assets less current liabilities: 1,155 ( 2,530 )
Creditors: amounts falling due after more than one year: 401,742 358,592
Provision for liabilities: 0 0
Total net assets (liabilities): ( 400,587 ) ( 361,122 )

The notes form part of these financial statements

PROGRESS ARTS LIMITED

Abbreviated Balance sheet
As at 31st May 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 2 2 2
Revaluation reserve: 0 0
Profit and Loss account: ( 400,589 ) ( 361,124 )
Total shareholders funds: ( 400,587 ) ( 361,122 )

For the year ending 31 May 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Nicholas Heaf
Status: Director

The notes form part of these financial statements

PROGRESS ARTS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

PROGRESS ARTS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

  • 2. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2