PROPOZITION LIMITED Accounts filed on 30-06-2015

PROPOZITION LIMITED Accounts filed on 30-06-2015


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PROPOZITION LIMITED




Company Registration Number:
04807352 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st July 2014

End date: 30th June 2015

SUBMITTED

PROPOZITION LIMITED

Company Information
for the Period Ended
30th June 2015




Director: Jonathan Sherwin
Registered office: 1 Belsize Park Gardens
London
NW3 4LB
Company Registration Number: 04807352 (England and Wales)

PROPOZITION LIMITED

Abbreviated Balance sheet
As at 30th June 2015

Notes 2015
£
2014
£
Fixed assets
Tangible assets: 2 769 1,427
Total fixed assets: 769 1,427
Current assets
Debtors: 98,972 3,718
Cash at bank and in hand: 514,431 411,265
Total current assets: 613,403 414,983
Creditors
Creditors: amounts falling due within one year 578,430 316,844
Net current assets (liabilities): 34,973 98,139
Total assets less current liabilities: 35,742 99,566
Total net assets (liabilities): 35,742 99,566

The notes form part of these financial statements

PROPOZITION LIMITED

Abbreviated Balance sheet
As at 30th June 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 3 9,230 9,230
Profit and Loss account: 26,512 90,336
Total shareholders funds: 35,742 99,566

For the year ending 30 June 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 October 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Jonathan Sherwin
Status: Director

The notes form part of these financial statements

PROPOZITION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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).

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any residual value, over their expected useful economic life as follows: Asset class Depreciation method and rate Office equipment 50% straight line Fixtures and fittings 50% straight line

PROPOZITION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015

  • 2. Tangible assets

    Total
    Cost £
    At 01st July 2014: 38,815
    Additions: 1,085
    Disposals: 28,256
    At 30th June 2015: 11,644
    Depreciation
    At 01st July 2014: 37,388
    Charge for year: 1,745
    On disposals: 28,258
    At 30th June 2015: 10,875
    Net book value
    At 30th June 2015: 769
    At 30th June 2014: 1,427

PROPOZITION LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 9,230 1.00
    1.00
    9,230
    Total share capital: 9,230
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 9,230 1.00
    1.00
    9,230
    Total share capital: 9,230