Abbreviated Company Accounts - PRISM BUSINESS CONSULTING LIMITED

PRISM BUSINESS CONSULTING LIMITED - Company Information

05859021 PRISM BUSINESS CONSULTING LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05859021 2014-07-01 2015-06-30 05859021 2015-06-30 05859021 2014-06-30 05859021 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05859021 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05859021

PRISM BUSINESS CONSULTING LIMITED

Abbreviated Accounts

30 June 2015

PRISM BUSINESS CONSULTING LIMITED Registered Number 05859021

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	21,070	4,475
		21,070	4,475
Current assets
Stocks		6,316	-
Debtors		46,611	34,408
Cash at bank and in hand		1,004	15,911
		53,931	50,319
Creditors: amounts falling due within one year		(77,725)	(32,650)
Net current assets (liabilities)		(23,794)	17,669
Total assets less current liabilities		(2,724)	22,144
Total net assets (liabilities)		(2,724)	22,144
Capital and reserves
Called up share capital	3	100	100
Share premium account		2,785	2,785
Profit and loss account		(5,609)	19,259
Shareholders' funds		(2,724)	22,144

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.

Approved by the Board on 4 March 2016

And signed on their behalf by:
David Cullen, Director

PRISM BUSINESS CONSULTING LIMITED Registered Number 05859021

Notes to the Abbreviated Accounts for the period ended 30 June 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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% on written down value
Fixtures, fittings and equipment - 25% on written down value
Motor vehicles - 25% on written down value

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over
the lease term.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2014	45,837
Additions	20,284
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	66,121
Depreciation
At 1 July 2014	41,362
Charge for the year	3,689
On disposals	-
At 30 June 2015	45,051
Net book values
At 30 June 2015	21,070
At 30 June 2014	4,475

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

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