Pro-Activ Publications Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03050110 (England and Wales)

PRO-ACTIV PUBLICATIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L J O'Leary

M R Quittenton

REGISTERED OFFICE:

Greytown House

221-227 High Street

Orpington

Kent

BR6 0NZ

REGISTERED NUMBER:

03050110 (England and Wales)

FIXED ASSETS

Tangible assets

2

6,219

7,041

CURRENT ASSETS

Stocks

-

900

Debtors

251,996

253,951

Cash at bank

59,036

-

311,032

254,851

CREDITORS

Amounts falling due within one year

466,047

410,730

NET CURRENT LIABILITIES

(155,015

)

(155,879

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(148,796

)

(148,838

)

PROVISIONS FOR LIABILITIES

800

850

NET LIABILITIES

(149,596

)

(149,688

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(149,696

)

(149,788

)

SHAREHOLDERS' FUNDS

(149,596

)

(149,688

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 February 2016 and were signed on its behalf by:

M R Quittenton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The validity of this assumption depends upon the

company continuing to receive financial support from its bankers and directors.

Accounting convention

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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

At rates between 10% and 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Factoring

The company makes use of a factoring facility available in respect of certain of the company's trade debts.

Monies drawn down under the terms of the factoring agreement are shown separately under current liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

29,281

Additions

2,726

At 31 May 2015

32,007

DEPRECIATION

At 1 June 2014

22,240

Charge for year

3,548

At 31 May 2015

25,788

NET BOOK VALUE

At 31 May 2015

6,219

At 31 May 2014

7,041

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

ordinary shares

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £NIL (2014: £25) to Mr L J O'Leary,

a director of the company. The balance has been included in other creditors.

5.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.