Prospect HR Limited - Abbreviated accounts

Registered number

06673771

Prospect HR Limited

Abbreviated Accounts

31 August 2015

Prospect HR Limited
Registered number:		06673771
Abbreviated Balance Sheet
as at 31 August 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		10,170			11,300

Current assets
Debtors		-			1,830
Cash at bank and in hand		170,894			163,694
		170,894			165,524

Creditors: amounts falling due within one year		(6,367)			(4,189)

Net current assets			164,527			161,335

Net assets			174,697			172,635

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			174,696			172,634

Shareholders' funds			174,697			172,635

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



J Rothwell
Director
Approved by the board on 9 May 2016

Prospect HR Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Computer Equipment			50% straight line
	Land and Buildings			10% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 September 2014					12,406
	At 31 August 2015					12,406

	Depreciation
	At 1 September 2014					1,106
	Charge for the year					1,130
	At 31 August 2015					2,236

	Net book value
	At 31 August 2015					10,170
	At 31 August 2014					11,300


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1