Company Registration No. 12185296 (England and Wales)
Productive Partners Limited
Unaudited accounts
for the period from 1 October 2022 to 31 March 2023
Productive Partners Limited
Unaudited accounts
Contents
Productive Partners Limited
Company Information
for the period from 1 October 2022 to 31 March 2023
Company Number
12185296 (England and Wales)
Registered Office
3rd Floor, 1-3 Silver Street
Bedford
Bedfordshire
MK40 1SY
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Productive Partners Limited
Statement of financial position
as at 31 March 2023
Tangible assets
2,931
2,124
Cash at bank and in hand
87,951
43,618
Creditors: amounts falling due within one year
(290,313)
(317,921)
Net current assets
345,473
264,493
Net assets
348,404
266,617
Called up share capital
1
1
Profit and loss account
348,403
266,616
Shareholders' funds
348,404
266,617
For the period ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
K Taggart
Director
Company Registration No. 12185296
Productive Partners Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2023
Productive Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 12185296. The registered office is 3rd Floor, 1-3 Silver Street, Bedford, Bedfordshire, MK40 1SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The company's accounting reference date was shortened to 31 March 2023 in order that the company's year end will run inline with the fiscal year. The comparative values in these accounts represent a whole year whereas the 31 March 2023 values show a period of 6 months.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Productive Partners Limited
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
1,338
1,918
3,256
At 31 March 2023
2,505
1,918
4,423
At 1 October 2022
89
1,043
1,132
Charge for the period
168
192
360
At 31 March 2023
257
1,235
1,492
At 31 March 2023
2,248
683
2,931
At 30 September 2022
1,249
875
2,124
Amounts falling due within one year
Trade debtors
459,993
538,796
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,926
3,514
Taxes and social security
128,571
112,755
Loans from directors
-
53,066
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
-
87,842
-
87,842
The above loan was repaid on 6 April 2023.
8
Average number of employees
During the period the average number of employees was 10 (2022: 5).