Company Registration No. 04161814 (England and Wales)
PRELUDE TO BUSINESS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
PRELUDE TO BUSINESS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PRELUDE TO BUSINESS LIMITED
Company Registration No. 04161814
ABBREVIATED BALANCE SHEET
AS AT 31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,560
9,019
Current assets
Debtors
348,404
266,129
Cash at bank and in hand
40,344
24,392
388,748
290,521
Creditors: amounts falling due within one year
(232,992)
(150,692)
Net current assets
155,756
139,829
Total assets less current liabilities
162,316
148,848
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
162,216
148,748
Shareholders' funds
162,316
148,848
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 September 2016
D Cheatle
Director
PRELUDE TO BUSINESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for business and management consultancy services provided net of VAT and trade discounts. Income is recognised in the period in which the service is supplied.business and management consultancy services provided net of VAT and trade discounts.
Income is recognised in the period in which the service is supplied.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Website
50% straight line
Fixtures, fittings and equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
55,025
Additions
1,442
At 31 March 2016
56,467
Depreciation
At 1 April 2015
46,005
Charge for the year
3,902
At 31 March 2016
49,907
Net book value
At 31 March 2016
6,560
At 31 March 2015
9,019
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary of 1p each
100
100
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