Prospectus Corporate Limited - Period Ending 2015-10-31

Registration number: 03445378

Prospectus Corporate Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Prospectus Corporate Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Prospectus Corporate Limited
(Registration number: 03445378)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					579			1,657
Current assets
Debtors					1,754			23,568
Cash at bank and in hand					378,951			371,737
					380,705			395,305
Creditors: Amounts falling due within one year					(965)			(16,165)
Net current assets					379,740			379,140
Net assets					380,319			380,797
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					380,219			380,697
Shareholders' funds					380,319			380,797

For the year ending 31 October 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 .

Approved by the Board on 23 December 2015 and signed on its behalf by:

.........................................
Mr Clive Edward Hammond
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Prospectus Corporate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Asset class	Depreciation method and rate
Office equipment	Straight line over 3 years
Fixtures and Fittings	25% on reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		13,446			13,446
Disposals		(6,088)			(6,088)
At 31 October 2015		7,358			7,358
Depreciation
At 1 November 2014		11,789			11,789
Charge for the year		746			746
Eliminated on disposals		(5,756)			(5,756)
At 31 October 2015		6,779			6,779
Net book value
At 31 October 2015		579			579
At 31 October 2014		1,657			1,657

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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