Competition time
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I will buy the winner a bottle of wine , red or white (their choice) to anyone who gets close to the right answer (no cheating by using Google).
In accountancy terms a company can file small company accounts if it doesn't exceed two of three minimum criteria. Pulfors Trading Limited has 3 employees and no turnover according to its latest filed accounts. What are its net assets as a small company?
In its Governance and sustainability statement it says "Central to Downings ethos is a commitment to be a "Responsible Investor."" Its registered address is the same as that of Downings LLP. Any guesses what the net assets of a company controlled by 3 employees are?
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