Prospect Enterprises (Uk) Limited - Abbreviated accounts 16.1

Prospect Enterprises (Uk) Limited - Abbreviated accounts 16.1

PROSPECT ENTERPRISES (UK) LIMITED - Company Information

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REGISTERED NUMBER: 04865449 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PROSPECT ENTERPRISES (UK) LIMITED

PROSPECT ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 04865449)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PROSPECT ENTERPRISES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mrs V A Whitehorne
I Whitehorne





SECRETARY: Mrs V A Whitehorne





REGISTERED OFFICE: 786 Chesterfield Road
Sheffield
South Yorkshire
S8 0SF





REGISTERED NUMBER: 04865449 (England and Wales)





ACCOUNTANTS: Bucknell Whitehouse Limited
The Masters House
92a Arundel Street
Sheffield
S1 4RE
Page 1
PROSPECT ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 04865449)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,042 1,389

CURRENT ASSETS
Debtors 296,910 289,089
Cash at bank 1,249 -
298,159 289,089
CREDITORS
Amounts falling due within one year 191,341 218,947
NET CURRENT ASSETS 106,818 70,142
TOTAL ASSETS LESS CURRENT
LIABILITIES
107,860
71,531

PROVISIONS FOR LIABILITIES 208 -
NET ASSETS 107,652 71,531

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 107,552 71,431
SHAREHOLDERS' FUNDS 107,652 71,531

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 notes form part of these abbreviated accounts

Page 2 continued...
PROSPECT ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 04865449)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 31 December 2016 and were
signed on its behalf by:





I Whitehorne - Director


The notes form part of these abbreviated accounts

Page 3
PROSPECT ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 04865449)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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.

Fixtures and fittings - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events that result in an obligation
to pay more tax in the future or a right to pay less tax in the future have occurred at the
balance sheet date. Timing differences are differences between the company's taxable profit
and loss and its results as stated in the financial statements that arise from the inclusion of
gains and losses in assessments in periods different from those in which they are
recognised in the financial statements.

A net deferred tax asset is recognised only if can be regarding as more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.

Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight
line basis over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 44,318
DEPRECIATION
At 1 April 2015 42,929
Charge for year 347
At 31 March 2016 43,276
NET BOOK VALUE
At 31 March 2016 1,042
At 31 March 2015 1,389

Page 4 continued...
PROSPECT ENTERPRISES (UK) LIMITED (REGISTERED NUMBER: 04865449)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

Page 5