Abbreviated Company Accounts - PRIORITY MANAGEMENT (SOUTH EAST) LIMITED

PRIORITY MANAGEMENT (SOUTH EAST) LIMITED - Company Information

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Registered Number 06300397

PRIORITY MANAGEMENT (SOUTH EAST) LIMITED

Abbreviated Accounts

31 July 2015

PRIORITY MANAGEMENT (SOUTH EAST) LIMITED Registered Number 06300397

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,516	4,851
		2,516	4,851
Current assets
Stocks		1,731	1,731
Debtors		4,610	11,317
Cash at bank and in hand		3,612	20,566
		9,953	33,614
Creditors: amounts falling due within one year		(9,610)	(12,629)
Net current assets (liabilities)		343	20,985
Total assets less current liabilities		2,859	25,836
Total net assets (liabilities)		2,859	25,836
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		2,857	25,834
Shareholders' funds		2,859	25,836

For the year ending 31 July 2015 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 19 April 2016

And signed on their behalf by:
P D Chevis, Director

PRIORITY MANAGEMENT (SOUTH EAST) LIMITED Registered Number 06300397

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been 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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Plant and Machinery - 33% straight line

2Tangible fixed assets

	£
Cost
At 1 August 2014	17,436
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	17,436
Depreciation
At 1 August 2014	12,585
Charge for the year	2,335
On disposals	-
At 31 July 2015	14,920
Net book values
At 31 July 2015	2,516
At 31 July 2014	4,851

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	P D Chevis
Description of the transaction:	Advances to director
Balance at 1 August 2014:	£ 3,149
Advances or credits made:	-
Advances or credits repaid:	£ 3,149
Balance at 31 July 2015:	£ 0