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Company Registration No. 12185296 (England and Wales)
Productive Partners Limited Unaudited accounts for the year ended 31 March 2024
Productive Partners Limited Unaudited accounts Contents
Page
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Productive Partners Limited Company Information for the year ended 31 March 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,720 
2,931 
Current assets
Debtors
512,477 
547,835 
Cash at bank and in hand
64,313 
87,951 
576,790 
635,786 
Creditors: amounts falling due within one year
(298,869)
(290,313)
Net current assets
277,921 
345,473 
Net assets
290,641 
348,404 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
290,640 
348,403 
Shareholders' funds
290,641 
348,404 
For the year ending 31 March 2024 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 24 October 2024 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 year ended 31 March 2024
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.
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 year, 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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,505 
1,918 
4,423 
Additions
11,270 
1,639 
12,909 
At 31 March 2024
13,775 
3,557 
17,332 
Depreciation
At 1 April 2023
257 
1,235 
1,492 
Charge for the year
2,447 
673 
3,120 
At 31 March 2024
2,704 
1,908 
4,612 
Net book value
At 31 March 2024
11,071 
1,649 
12,720 
At 31 March 2023
2,248 
683 
2,931 
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Productive Partners Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
437,890 
459,993 
Accrued income and prepayments
8,463 
- 
Other debtors
66,124 
87,842 
512,477 
547,835 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
52,634 
- 
VAT
164,173 
150,816 
Trade creditors
422 
10,926 
Taxes and social security
79,576 
128,571 
Other creditors
2,064 
- 
298,869 
290,313 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K Taggart
Director
87,842 
284,884 
313,102 
59,624 
87,842 
284,884 
313,102 
59,624 
8
Average number of employees
During the year the average number of employees was 12 (2023: 10).
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