Partnershipprojects (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05741447 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Partnershipprojects (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Jakob

REGISTERED OFFICE:

4th Floor International House

Queens Road

Brighton

East Sussex

BN1 3XE

REGISTERED NUMBER:

05741447 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

FIXED ASSETS

Tangible assets

2

710

947

CURRENT ASSETS

Debtors

36,013

25,316

Cash at bank and in hand

12,188

25,542

48,201

50,858

CREDITORS

Amounts falling due within one year

36,524

23,295

NET CURRENT ASSETS

11,677

27,563

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,387

28,510

PROVISIONS FOR LIABILITIES

142

189

NET ASSETS

12,245

28,321

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

12,244

28,320

SHAREHOLDERS' FUNDS

12,245

28,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 July 2016 and were signed by:

P Jakob - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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

-

25% reducing balance

Computer equipment

-

25% reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in

the financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will

be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing

differences can be deducted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

4,033

DEPRECIATION

At 1 April 2015

3,086

Charge for year

237

At 31 March 2016

3,323

NET BOOK VALUE

At 31 March 2016

710

At 31 March 2015

947

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1