Proposition Design Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07102881 (England and Wales)

Abbreviated Cessation Accounts for the Year Ended 31 December 2013

for

Proposition Design Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms M J Horn

REGISTERED OFFICE:

6 Blenheim Place

Brighton

East Sussex

BN1 4AE

REGISTERED NUMBER:

07102881 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Intangible assets

2

-

350

CURRENT ASSETS

Debtors

-

1,713

Cash at bank

-

2,208

-

3,921

CREDITORS

Amounts falling due within one year

8,759

11,532

NET CURRENT LIABILITIES

(8,759

)

(7,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,759

)

(7,261

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(8,859

)

(7,361

)

SHAREHOLDERS' FUNDS

(8,759

)

(7,261

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 15 September 2014 and were signed by:

Ms M J Horn - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern.

At the year end the current liabilities exceeded current assets by £8,759

The validity of this basis depends upon the current support of the company's directors. The directors confirm that

they will give their required support.

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

350

Disposals

(350

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1.00

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

5.	RELATED PARTY DISCLOSURES

Creative Barcode

During the year the company charged Creative Barcode license fees of £2,361 (2012 - £3,098). The balance

outstanding at the end of the year was £NIL (2012 - £1,565).

Mr N R Marsh ceased to be a director of Creative Barcode on 24 July 2013.

Mr R A Wolfstrome ceased to be a director of Creative Barcode on 12 March 2013.

The British Design Initiative Ltd

Included in other creditors is £NIL (2012 - £10,000) which is owed to The British Design Initiative Ltd, a

company in which Ms M J Horn is a director and shareholder.