Progetto Ltd Small abbreviated accounts
Progetto Ltd Small abbreviated accounts
COMPANY REGISTRATION NUMBER
08450585
ABBREVIATED BALANCE SHEET
2016 |
2015 |
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Note |
£ |
£ |
£ |
CURRENT ASSETS
Debtors |
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- |
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Cash at bank and in hand |
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488,658 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES
Called up equity share capital |
2 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved and signed by the director and authorised for issue on
21 November 2016
.
Company Registration Number:
08450585
NOTES TO THE
ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
SHARE CAPITAL
Allotted, called up and fully paid:
2016 |
2015 |
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No. |
£ |
No. |
£ |
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ACCOUNTANTS' REPORT TO THE DIRECTOR OF
PROGETTO LTD
YEAR ENDED 31 MARCH 2016
As described on the balance sheet, the director of the company is responsible for the preparation of the abbreviated accounts for the year ended 31 March 2016, which comprise the Balance Sheet and the related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.