Abbreviated Company Accounts - PROFESSIONAL LEADERS UK LIMITED

PROFESSIONAL LEADERS UK LIMITED - Company Information

07624925 PROFESSIONAL LEADERS UK LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07624925 2014-06-01 2015-05-31 07624925 2015-05-31 07624925 2014-05-31 07624925 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07624925 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 07624925

PROFESSIONAL LEADERS UK LIMITED

Abbreviated Accounts

31 May 2015

PROFESSIONAL LEADERS UK LIMITED Registered Number 07624925

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	649	812
		649	812
Current assets
Stocks		8,510	8,495
Debtors		5,588	2,237
Cash at bank and in hand		5,834	6,226
		19,932	16,958
Creditors: amounts falling due within one year		(13,360)	(13,728)
Net current assets (liabilities)		6,572	3,230
Total assets less current liabilities		7,221	4,042
Total net assets (liabilities)		7,221	4,042
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		7,121	3,942
Shareholders' funds		7,221	4,042

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.

Approved by the Board on 29 February 2016

And signed on their behalf by:
M I Bhatti, Director

PROFESSIONAL LEADERS UK LIMITED Registered Number 07624925

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Equipment - 20% redcuing balance

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,268
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	1,268
Depreciation
At 1 June 2014	456
Charge for the year	163
On disposals	-
At 31 May 2015	619
Net book values
At 31 May 2015	649
At 31 May 2014	812

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100