Prosperity Business Consultancy Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09153484 (England and Wales)

PROSPERITY BUSINESS CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr M Bonynge

Mr J Bailey

SECRETARY:

Mr W P Bonynge

REGISTERED OFFICE:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

REGISTERED NUMBER:

09153484 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

BANKERS:

Handelsbanken

1st Floor

Spire Business Centre

Spire Walk

Chesterfield

Derbyshire

S40 2WG

FIXED ASSETS

Tangible assets

4

1,601

3,407

CURRENT ASSETS

Debtors

2,500

1,640

Cash at bank

22,450

14,620

24,950

16,260

CREDITORS

Amounts falling due within one year

(4,119

)

(11,796

)

NET CURRENT ASSETS

20,831

4,464

TOTAL ASSETS LESS CURRENT LIABILITIES

22,432

7,871

PROVISIONS FOR LIABILITIES

-

(681

)

NET ASSETS

22,432

7,190

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,332

7,090

SHAREHOLDERS' FUNDS

22,432

7,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors on 27 June 2017 and were signed on its behalf by:

Mr M Bonynge - Director

1.	STATUTORY INFORMATION

Prosperity Business Consultancy Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & loss

account, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

6,445

DEPRECIATION

At 1 April 2016

3,038

Charge for year

1,806

At 31 March 2017

4,844

NET BOOK VALUE

At 31 March 2017

1,601

At 31 March 2016

3,407

5.	RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, including directors.

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.