PROLAG THERMAL LIMITED - Accounts to registrar (filleted) - small 18.2

PROLAG THERMAL LIMITED - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v19.2.0.596 03623936 Board of Directors Board of Directors 1.4.18 31.3.19 31.3.19 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure036239362018-03-31036239362019-03-31036239362018-04-012019-03-31036239362017-03-31036239362017-04-012018-03-31036239362018-03-3103623936ns15:EnglandWales2018-04-012019-03-3103623936ns14:PoundSterling2018-04-012019-03-3103623936ns10:Director12018-04-012019-03-3103623936ns10:Director22018-04-012019-03-3103623936ns10:PrivateLimitedCompanyLtd2018-04-012019-03-3103623936ns10:SmallEntities2018-04-012019-03-3103623936ns10:AuditExempt-NoAccountantsReport2018-04-012019-03-3103623936ns10:SmallCompaniesRegimeForDirectorsReport2018-04-012019-03-3103623936ns10:SmallCompaniesRegimeForAccounts2018-04-012019-03-3103623936ns10:FullAccounts2018-04-012019-03-3103623936ns10:OrdinaryShareClass12018-04-012019-03-3103623936ns10:CompanySecretary12018-04-012019-03-3103623936ns10:RegisteredOffice2018-04-012019-03-3103623936ns5:CurrentFinancialInstruments2019-03-3103623936ns5:CurrentFinancialInstruments2018-03-3103623936ns5:ShareCapital2019-03-3103623936ns5:ShareCapital2018-03-3103623936ns5:RetainedEarningsAccumulatedLosses2019-03-3103623936ns5:RetainedEarningsAccumulatedLosses2018-03-3103623936ns5:LandBuildingsns5:OwnedOrFreeholdAssets2018-04-012019-03-3103623936ns5:PlantMachinery2018-04-012019-03-3103623936ns5:FurnitureFittings2018-04-012019-03-3103623936ns5:ComputerEquipment2018-04-012019-03-3103623936ns5:LandBuildings2018-03-3103623936ns5:PlantMachinery2018-03-3103623936ns5:FurnitureFittings2018-03-3103623936ns5:ComputerEquipment2018-03-3103623936ns5:LandBuildings2018-04-012019-03-3103623936ns5:LandBuildings2019-03-3103623936ns5:PlantMachinery2019-03-3103623936ns5:FurnitureFittings2019-03-3103623936ns5:ComputerEquipment2019-03-3103623936ns5:LandBuildings2018-03-3103623936ns5:PlantMachinery2018-03-3103623936ns5:FurnitureFittings2018-03-3103623936ns5:ComputerEquipment2018-03-3103623936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-03-3103623936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3103623936ns10:OrdinaryShareClass12019-03-3103623936ns5:RetainedEarningsAccumulatedLosses2018-03-3103623936ns5:RetainedEarningsAccumulatedLosses2018-04-012019-03-31


REGISTERED NUMBER: 03623936 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

PROLAG THERMAL LIMITED

PROLAG THERMAL LIMITED (REGISTERED NUMBER: 03623936)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROLAG THERMAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: P Frost
G Beglan





SECRETARY: P Frost





REGISTERED OFFICE: Unit 8 International Business Park
Charfleets Road
Charfleets Industrial Estate
Canvey Island
Essex
SS8 0SG





REGISTERED NUMBER: 03623936 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

PROLAG THERMAL LIMITED (REGISTERED NUMBER: 03623936)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,671 136,915

CURRENT ASSETS
Debtors 5 427,570 435,296
Cash at bank 244,268 323,849
671,838 759,145
CREDITORS
Amounts falling due within one year 6 503,304 590,414
NET CURRENT ASSETS 168,534 168,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,205

305,646

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 307,105 305,546
SHAREHOLDERS' FUNDS 307,205 305,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 October 2019 and were signed on its behalf by:




P Frost - Director



G Beglan - Director


PROLAG THERMAL LIMITED (REGISTERED NUMBER: 03623936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

PROLAG THERMAL LIMITED is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Office equipment - 25% on cost

No depreciation is provided is respect of the Freehold Property as in the opinion of the directors the Property is
regularly maintained to a high standard and is unlikely to fall in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 13 ) .

PROLAG THERMAL LIMITED (REGISTERED NUMBER: 03623936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2018 134,651 535 2,591 14,601 152,378
Additions - - 362 3,054 3,416
At 31 March 2019 134,651 535 2,953 17,655 155,794
DEPRECIATION
At 1 April 2018 - 533 2,581 12,349 15,463
Charge for year - 2 46 1,612 1,660
At 31 March 2019 - 535 2,627 13,961 17,123
NET BOOK VALUE
At 31 March 2019 134,651 - 326 3,694 138,671
At 31 March 2018 134,651 2 10 2,252 136,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 187,192 201,657
Other debtors 12,437 9,084
Long term contracts 227,941 224,555
427,570 435,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 164,697 188,505
Tax 36,967 50,786
Social security and other taxes 30,776 22,966
VAT 10,119 35,650
Other creditors 154,734 153,073
Directors' current accounts 106,011 139,434
503,304 590,414

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

PROLAG THERMAL LIMITED (REGISTERED NUMBER: 03623936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

8. RESERVES
Retained
earnings
£   

At 1 April 2018 305,546
Profit for the year 157,559
Dividends (156,000 )
At 31 March 2019 307,105

9. RELATED PARTY DISCLOSURES

The Company purchased goods and services of £3,569 (2018: £11,960) from Gerrard Insurance Brokers
Limited, a company of which G Beglan is a shareholder.