Prospect Enterprises (UK) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04865449 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Prospect Enterprises (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I Whitehorne

Mrs V Whitehorne

REGISTERED OFFICE:

786 Chesterfield Road

Sheffield

South Yorkshire

S8 0SF

REGISTERED NUMBER:

04865449 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,852

2,470

CURRENT ASSETS

Debtors

278,056

65,439

Cash at bank

772

-

278,828

65,439

CREDITORS

Amounts falling due within one year

237,853

35,873

NET CURRENT ASSETS

40,975

29,566

TOTAL ASSETS LESS CURRENT LIABILITIES

42,827

32,036

CREDITORS

Amounts falling due after more than one year

-

3,477

NET ASSETS

42,827

28,559

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

42,825

28,557

SHAREHOLDERS' FUNDS

42,827

28,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 December 2014 and were signed on its behalf by:

I Whitehorne - Director

Mrs V Whitehorne - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 etc

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

44,318

DEPRECIATION

At 1 April 2013

41,848

Charge for year

618

At 31 March 2014

42,466

NET BOOK VALUE

At 31 March 2014

1,852

At 31 March 2013

2,470

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2