Abbreviated Company Accounts - PROGRESS SALES LIMITED

Abbreviated Company Accounts - PROGRESS SALES LIMITED

PROGRESS SALES LIMITED - Company Information

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Registered Number 05527310

PROGRESS SALES LIMITED

Abbreviated Accounts

31 August 2016

PROGRESS SALES LIMITED Registered Number 05527310

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 22,882 23,726
22,882 23,726
Current assets
Stocks 142,999 148,385
142,999 148,385
Creditors: amounts falling due within one year (153,617) (157,592)
Net current assets (liabilities) (10,618) (9,207)
Total assets less current liabilities 12,264 14,519
Total net assets (liabilities) 12,264 14,519
Capital and reserves
Called up share capital 1 1
Profit and loss account 12,263 14,518
Shareholders' funds 12,264 14,519
  • 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 30 May 2017

And signed on their behalf by:
C L Stafford, Director

PROGRESS SALES LIMITED Registered Number 05527310

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services

2Tangible fixed assets
£
Cost
At 1 September 2015 39,355
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 39,355
Depreciation
At 1 September 2015 15,629
Charge for the year 844
On disposals -
At 31 August 2016 16,473
Net book values
At 31 August 2016 22,882
At 31 August 2015 23,726