Abbreviated Company Accounts - PRESTON BUSINESS VENTURE LIMITED

Abbreviated Company Accounts - PRESTON BUSINESS VENTURE LIMITED

PRESTON BUSINESS VENTURE LIMITED - Company Information

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Registered Number 01783730

PRESTON BUSINESS VENTURE LIMITED

Abbreviated Accounts

31 March 2014

PRESTON BUSINESS VENTURE LIMITED Registered Number 01783730

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Cash at bank and in hand 13,817 13,810
13,817 13,810
Creditors: amounts falling due within one year (294) (294)
Net current assets (liabilities) 13,523 13,516
Total assets less current liabilities 13,523 13,516
Total net assets (liabilities) 13,523 13,516
Reserves
Income and expenditure account 13,523 13,516
Members' funds 13,523 13,516
  • For the year ending 31 March 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 21 November 2014

And signed on their behalf by:
Paul Woodburn, Director

PRESTON BUSINESS VENTURE LIMITED Registered Number 01783730

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

1Accounting Policies

Basis of measurement and preparation of accounts
Due to the changes in government policy regarding funding for business advisory agencies the directors concluded that the company was not a going concern. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the assets to net realisable value. Provisions have also been made for any onerous contractual commitments at the balance sheet date. The financial statements do not include any provision for future costs of terminating the business except to the extent that such were committed at the balance sheet date.

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).

Other accounting policies
Going Concern
As disclosed in the Accounting Policy Notes above, the directors do not consider the company to be a going concern and the financial statements have been prepared on a basis other than that of a going concern.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital. The liability of its members shall not exceed £1 each.