Abbreviated Company Accounts - PRODIGY AUDIO SYSTEMS LIMITED

PRODIGY AUDIO SYSTEMS LIMITED - Company Information

02684709 PRODIGY AUDIO SYSTEMS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 02684709 2015-04-01 2016-03-31 02684709 2016-03-31 02684709 2015-03-31 02684709 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 02684709 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 02684709

PRODIGY AUDIO SYSTEMS LIMITED

Abbreviated Accounts

31 March 2016

PRODIGY AUDIO SYSTEMS LIMITED Registered Number 02684709

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,471	856
		4,471	856
Current assets
Stocks		750	1,250
Debtors		3,595	7,747
Cash at bank and in hand		7,558	2,716
		11,903	11,713
Creditors: amounts falling due within one year		(15,538)	(12,232)
Net current assets (liabilities)		(3,635)	(519)
Total assets less current liabilities		836	337
Total net assets (liabilities)		836	337
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		736	237
Shareholders' funds		836	337

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 16 December 2016

And signed on their behalf by:
Mr L Demetriou, Director

PRODIGY AUDIO SYSTEMS LIMITED Registered Number 02684709

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	7,897
Additions	5,187
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	13,084
Depreciation
At 1 April 2015	7,041
Charge for the year	1,572
On disposals	-
At 31 March 2016	8,613
Net book values
At 31 March 2016	4,471
At 31 March 2015	856

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100