P5 The Power of Projects Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03718080 (England and Wales)

ABBREVIATED UNAUDITED CESSATION ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

P5 THE POWER OF PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G T Bosman

Mrs M A Bosman

SECRETARY:

Mrs M A Bosman

REGISTERED OFFICE:

75 High Street

Riseley

Bedford

Bedfordshire

MK44 1DD

REGISTERED NUMBER:

03718080 (England and Wales)

ACCOUNTANTS:

Jonathan Vowles Chartered Accountants

114 High Street

Cranfield

Bedford

MK43 0DG

CURRENT ASSETS

Debtors

1,334

238

Cash at bank

467

38,898

1,801

39,136

CREDITORS

Amounts falling due within one year

1,800

12,567

NET CURRENT ASSETS

1

26,569

TOTAL ASSETS LESS CURRENT
LIABILITIES

1

26,569

CAPITAL AND RESERVES

Called up share capital

3

800

Profit and loss account

(799

)

25,769

SHAREHOLDERS' FUNDS

1

26,569

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 directors acknowledge their 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 Board of Directors on 15 September 2016 and were signed on its behalf
by:

G T Bosman - Director

Mrs M A Bosman - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Computer equipment

-

50% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

6,066

DEPRECIATION

At 1 April 2015

and 31 March 2016

6,066

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

80,000

Ordinary shares

1p

800

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors' loan account is overdrawn, as a consequence of funds being advanced by the company in advance

of the company being wound up, with the payment being treated as a capital distribution.