Abbreviated Company Accounts - PROGRESSIVE SUPPLIES (PAPER) LIMITED

PROGRESSIVE SUPPLIES (PAPER) LIMITED - Company Information

00626950 PROGRESSIVE SUPPLIES (PAPER) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00626950 2015-04-01 2016-03-31 00626950 2016-03-31 00626950 2015-03-31 00626950 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00626950 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 iso4217:GBP shares

Registered Number 00626950

PROGRESSIVE SUPPLIES (PAPER) LIMITED

Abbreviated Accounts

31 March 2016

PROGRESSIVE SUPPLIES (PAPER) LIMITED Registered Number 00626950

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	-	1,209
Tangible assets	3	328,771	344,194
		328,771	345,403
Current assets
Stocks		197,331	113,544
Debtors	4	92,325	188,785
Investments		37,171	33,355
Cash at bank and in hand		19,109	77,024
		345,936	412,708
Creditors: amounts falling due within one year		(214,006)	(256,377)
Net current assets (liabilities)		131,930	156,331
Total assets less current liabilities		460,701	501,734
Creditors: amounts falling due after more than one year		(110)	(1,313)
Total net assets (liabilities)		460,591	500,421
Capital and reserves
Called up share capital	5	2,100	2,000
Revaluation reserve		219,847	219,847
Profit and loss account		238,644	278,574
Shareholders' funds		460,591	500,421

For the year ending 31 March 2016 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 May 2016

And signed on their behalf by:
Thomas Bell, Director

PROGRESSIVE SUPPLIES (PAPER) LIMITED Registered Number 00626950

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

2Intangible fixed assets

	£
Cost
At 1 April 2015	16,120
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,120
Amortisation
At 1 April 2015	14,911
Charge for the year	1,209
On disposals	-
At 31 March 2016	16,120
Net book values
At 31 March 2016	0
At 31 March 2015	1,209

3Tangible fixed assets

	£
Cost
At 1 April 2015	399,981
Additions	1,020
Disposals	(23,941)
Revaluations	-
Transfers	-
At 31 March 2016	377,060
Depreciation
At 1 April 2015	55,787
Charge for the year	2,724
On disposals	(10,222)
At 31 March 2016	48,289
Net book values
At 31 March 2016	328,771
At 31 March 2015	344,194

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	92,325	188,785

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2,000 Ordinary shares of £1 each	2,000	2,000
100 A Ordinary shares of £1 each (0 shares for 2015)	100	0