JOHNSON PROGRESS (2012) LIMITED

JOHNSON PROGRESS (2012) LIMITED

JOHNSON PROGRESS (2012) LIMITED - Company Information

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JOHNSON PROGRESS (2012) LIMITED

Company Registration Number:
08199669 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

JOHNSON PROGRESS (2012) LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

JOHNSON PROGRESS (2012) LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Current assets
Stocks: 13,213 7,420
Debtors:   62,647 54,257
Cash at bank and in hand: 3,775 0
Total current assets: 79,635 61,677
Creditors: amounts falling due within one year: 2 (92,192) (66,434)
Net current assets (liabilities): (12,557) (4,757)
Total assets less current liabilities: (12,557) (4,757)
Total net assets (liabilities): (12,557) (4,757)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (12,558) (4,758)
Shareholders funds: (12,557) (4,757)

The notes form part of these financial statements

JOHNSON PROGRESS (2012) LIMITED

Balance sheet statements

For the year ending 30 September 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 June 2018
and signed on behalf of the board by:

Name: B E Gnyla
Status: Director

The notes form part of these financial statements

JOHNSON PROGRESS (2012) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Valuation and information policy

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.Assets and liabilities in foreign currencies are translated into sterling at the rates of exchangeruling at the balance sheet date. Transactions in foreign currencies are translated into sterling atthe rate of exchange ruling at the date of the transaction. Exchange differences are taken intoaccount in arriving at the operating profit.The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account.

JOHNSON PROGRESS (2012) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Creditors: amounts falling due within one year note

Trade creditorsOther taxation and social securityAccruals and deferred incomeOther creditors

JOHNSON PROGRESS (2012) LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Related party transactions

Name of the related party: B E Gnyla
Relationship:
Director
Description of the Transaction: During the year the company's director advanced £25,019 to the company.£52,798 (2016 £27,779) is due to the director at the year end and is included in creditors falling due within one year.The director has secured the funds introduced by a debenture.
£
Balance at 01 October 2016 27,779
Balance at 30 September 2017 52,798