Abbreviated Company Accounts - PRODUCTIVITY POWERHOUSE LIMITED

PRODUCTIVITY POWERHOUSE LIMITED - Company Information

05910006 PRODUCTIVITY POWERHOUSE LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 05910006 2015-09-01 2016-08-31 05910006 2016-08-31 05910006 2015-08-31 05910006 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 05910006 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 05910006

PRODUCTIVITY POWERHOUSE LIMITED

Abbreviated Accounts

31 August 2016

PRODUCTIVITY POWERHOUSE LIMITED Registered Number 05910006

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	6,828	20,198
		6,828	20,198
Current assets
Debtors		1,013	-
Cash at bank and in hand		778	741
		1,791	741
Creditors: amounts falling due within one year		(125,176)	(138,008)
Net current assets (liabilities)		(123,385)	(137,267)
Total assets less current liabilities		(116,557)	(117,069)
Total net assets (liabilities)		(116,557)	(117,069)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(116,558)	(117,070)
Shareholders' funds		(116,557)	(117,069)

For the year ending 31 August 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 23 May 2017

And signed on their behalf by:
Carl Pate, Director

PRODUCTIVITY POWERHOUSE LIMITED Registered Number 05910006

Notes to the Abbreviated Accounts for the period ended 31 August 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 2008.

Turnover policy
Turnover represents the invoiced value of sales of goods net of Value Added Tax.

Tangible assets depreciation policy
Software Development costs are capitalised where the development will result in future revenues for the business. The assets are valued at cost less accumulated depreciation.

Depreciation is provided on cost in equal instalments over the estimated useful life of the asset, which is considered to be 3 years in the case of Software Development. No depreciation is charged in the year of initial development.

2Tangible fixed assets

	£
Cost
At 1 September 2015	45,611
Additions	1,834
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	47,445
Depreciation
At 1 September 2015	25,413
Charge for the year	15,204
On disposals	-
At 31 August 2016	40,617
Net book values
At 31 August 2016	6,828
At 31 August 2015	20,198

Included in Fixed Assets is £6,828 (2015: £20,198) of Software Development Costs.

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

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