Profit Improvement Partnership Ltd,Ltd - AccountsLtd - Accounts

Profit Improvement Partnership Ltd,Ltd - AccountsLtd - Accounts

PROFIT IMPROVEMENT PARTNERSHIP LIMITED - Company Information

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2016-08-01 06995789 2017-07-31 06995789 2016-08-01 2017-07-31 06995789 2016-07-31 06995789 2015-08-01 2016-07-31 06995789 uk-core:WithinOneYear 2016-07-31 06995789 uk-core:WithinOneYear 2017-07-31 06995789 uk-core:AfterOneYear 2016-07-31 06995789 uk-core:AfterOneYear 2017-07-31 06995789 uk-core:ShareCapital 2017-07-31 06995789 uk-core:ShareCapital 2016-07-31 06995789 uk-core:RetainedEarningsAccumulatedLosses 2017-07-31 06995789 uk-core:RetainedEarningsAccumulatedLosses 2016-07-31 06995789 uk-bus:Director1 2016-08-01 2017-07-31 06995789 uk-core:ToolsEquipment 2016-08-01 2017-07-31 06995789 uk-core:WithinOneYear 2017-07-31 06995789 uk-core:WithinOneYear 2016-07-31 06995789 uk-core:AfterOneYear uk-core:Secured 2017-07-31 06995789 uk-core:AfterOneYear uk-core:Secured 2016-07-31 06995789 uk-core:AfterOneYear 2016-08-01 2017-07-31 iso4217:GBP 06995789 uk-bus:AuditExemptWithAccountantsReport 2016-08-01 2017-07-31 06995789 uk-bus:FRS102 2016-08-01 2017-07-31 06995789 uk-bus:FullAccounts 2016-08-01 2017-07-31 06995789 uk-bus:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31
Profit Improvement Partnership Ltd
Registered Number:06995789
For the year ended 31 July 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2017
Profit Improvement Partnership Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 July 2017
Profit Improvement Partnership Ltd
Statement of Financial Position
Registered Number :
06995789
£
£
2016
2017
Notes
Current assets
Trade and other receivables
636
7,890
2,588
Cash and cash equivalents
31,911
39,801
3,224
Trade and other payables: amounts falling due within one
year
(3,124)
(16,582)
3
100
23,219
Net current assets
Total assets less current liabilities
23,219
100
Trade and other payables: amounts falling due after more
than one year
-
(23,000)
4
219
Net assets
100
Capital and reserves
Called up share capital
100
100
Retained earnings
119
-
219
100
Shareholders' funds
For the year ended 31 July 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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
Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
J E Criddle Director
These financial statements were approved and authorised for issue by the Board on 07 September 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2017
Profit Improvement Partnership Ltd
Notes to the Financial Statements
Statutory Information
Profit Improvement Partnership Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06995789.
Registered address:
8 Castlegate
Tickhill
Doncaster
South Yorkshire
DN11 9QU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
2. Property, plant and equipment
Computer
equipment
£
Cost or valuation
At 01 August 2016
505
At 31 July 2017
505
Provision for depreciation and impairment
At 01 August 2016
505
At 31 July 2017
505
At 31 July 2017
Net book value
-
At 31 July 2016
-
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5
For the year ended 31 July 2017
Profit Improvement Partnership Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
6,503
-
Taxation and social security
10,079
3,124
Other creditors
-
-
16,582
3,124
4. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Bank loans and overdraft
23,000
-
The loan is secured by a personal guarantee from the director.
5. Related party transactions
At the balance sheet date the company was owed £7,254 by J E Criddle (2016: £636), who is a director of the
company.
The ultimate controlling party is the director by virtue of owning 100% of the issued share capital.
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