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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
Page
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Productive Partners Limited Company Information for the period from 1 October 2022 to 31 March 2023
Director
K Taggart
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
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Productive Partners Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,931 
2,124 
Current assets
Debtors
547,835 
538,796 
Cash at bank and in hand
87,951 
43,618 
635,786 
582,414 
Creditors: amounts falling due within one year
(290,313)
(317,921)
Net current assets
345,473 
264,493 
Net assets
348,404 
266,617 
Capital and reserves
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
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Productive Partners Limited Notes to the Accounts for the period from 1 October 2022 to 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Pension costs
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.
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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 
Additions
1,167 
- 
1,167 
At 31 March 2023
2,505 
1,918 
4,423 
Depreciation
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 
Net book value
At 31 March 2023
2,248 
683 
2,931 
At 30 September 2022
1,249 
875 
2,124 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
459,993 
538,796 
Other debtors
87,842 
- 
547,835 
538,796 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
150,816 
145,764 
Trade creditors
10,926 
3,514 
Taxes and social security
128,571 
112,755 
Other creditors
- 
2,822 
Loans from directors
- 
53,066 
290,313 
317,921 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K Taggart
Director
- 
87,842 
- 
87,842 
- 
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).
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