Abbreviated Company Accounts - PROMENTUM LIMITED

03207933 PROMENTUM LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03207933 2013-06-01 2014-05-31 03207933 2014-05-31 03207933 2013-05-31 03207933 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03207933 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 03207933

PROMENTUM LIMITED

Abbreviated Accounts

31 May 2014

PROMENTUM LIMITED Registered Number 03207933

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	6,835	7,156
		6,835	7,156
Current assets
Stocks		6,042	5,750
Debtors		327,752	283,805
Cash at bank and in hand		-	124
		333,794	289,679
Creditors: amounts falling due within one year		(189,913)	(160,413)
Net current assets (liabilities)		143,881	129,266
Total assets less current liabilities		150,716	136,422
Provisions for liabilities		-	(614)
Total net assets (liabilities)		150,716	135,808
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		150,706	135,798
Shareholders' funds		150,716	135,808

For the year ending 31 May 2014 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 24 February 2015

And signed on their behalf by:
Mr M R Windheuser, Director

PROMENTUM LIMITED Registered Number 03207933

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are 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 invoiced value, net of VAT, of goods and services provided to customers.
Uninvoiced work undertaken for customers at the year end is accrued at full retail value.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery: 25% per annum - reducing balance
Fixtures, fittings & equipment: 25% per annum - reducing balance
Motor vehicles: 25% per annum - reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2013	38,628
Additions	1,959
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	40,587
Depreciation
At 1 June 2013	31,472
Charge for the year	2,280
On disposals	-
At 31 May 2014	33,752
Net book values
At 31 May 2014	6,835
At 31 May 2013	7,156

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
10 Ordinary shares of £1 each	10	10