Profit Improvement Partnership Ltd,Ltd - Accounts

PROFIT IMPROVEMENT PARTNERSHIP LIMITED - Company Information

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Profit Improvement Partnership Ltd

For the year ended 31 July 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06995789

Contents Page

Profit Improvement Partnership Ltd

For the year ended 31 July 2016

Accountant's Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Profit Improvement Partnership Ltd

Accountant's Report

For the year ended 31 July 2016

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Profit Improvement Partnership Ltd for the year ended 31 July 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Profit Improvement Partnership Ltd, as a body, in

accordance with the terms of our engagement letter dated 22 August 2016. Our work has been undertaken solely

to prepare for your approval the accounts of Profit Improvement Partnership Ltd and state those matters that we

have agreed to state to the Board of Directors of Profit Improvement Partnership Ltd, as a body, in this report in

accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Profit Improvement Partnership Ltd and its Board of Directors as a body for

our work or for this report.

It is your duty to ensure that Profit Improvement Partnership Ltd has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of

Profit Improvement Partnership Ltd. You consider that Profit Improvement Partnership Ltd is exempt from the

statutory audit requirement for the year.

Enterprise Chartered Certified Accountants

8 Castlegate

Tickhill

Doncaster

South Yorkshire

DN11 9QU

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Abbreviated Balance Sheet

Profit Improvement Partnership Ltd

As at 31 July 2016

06995789

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

Current assets

Debtors

677

636

Cash at bank and in hand

2,588

3,224

677

Creditors: amounts falling due within one year

(1,614)

(3,124)

(937)

100

Net current assets

Total assets less current liabilities

100

(847)

100

Net assets/liabilities

(847)

Capital and reserves

Called up share capital

100

Profit and loss account

(947)

100

(847)

Shareholders funds

For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 26 August 2016

J E Criddle Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Profit Improvement Partnership Ltd

For the year ended 31 July 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been

approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing balance

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Notes to the Abbreviated Financial Statements

Profit Improvement Partnership Ltd

For the year ended 31 July 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

505

At 01 August 2015

At 31 July 2016

505

Depreciation

415

At 01 August 2015

Charge for year

505

At 31 July 2016

Net book values

At 31 July 2016

At 31 July 2015

3 Share capital

Allotted called up and fully paid

2016

2015

100 Ordinary shares of £1.00 each

100

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