Prohire Software Systems Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03131767 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

PROHIRE SOFTWARE SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Newman

D J Saunders

SECRETARY:

P J Newman

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

03131767 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

2

34,004

17,292

CURRENT ASSETS

Debtors

112,234

103,280

Cash at bank

189,178

77,257

301,412

180,537

CREDITORS

Amounts falling due within one year

148,888

145,022

NET CURRENT ASSETS

152,524

35,515

TOTAL ASSETS LESS CURRENT LIABILITIES

186,528

52,807

CREDITORS

Amounts falling due after more than one year

(8,720

)

(6,793

)

PROVISIONS FOR LIABILITIES

(6,363

)

(2,981

)

NET ASSETS

171,445

43,033

CAPITAL AND RESERVES

Called up share capital

3

2,000

2,000

Share premium

8,100

8,100

Profit and loss account

161,345

32,933

SHAREHOLDERS' FUNDS

171,445

43,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 July 2014 and were signed on its behalf by:

P J Newman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

No material uncertainties that may cast doubt about the ability of the company to continue as a going concern

have been identified by the directors.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts after adjustment

for the deferral of income on software support services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and

depreciated over their expected useful lives. The interest element of the leasing payments represents a constant

proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the

lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit

and loss account on a straight line basis over the lease term.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

68,195

Additions

31,533

Disposals

(26,033

)

At 30 November 2013

73,695

DEPRECIATION

At 1 December 2012

50,903

Charge for year

14,587

Eliminated on disposal

(25,799

)

At 30 November 2013

39,691

NET BOOK VALUE

At 30 November 2013

34,004

At 30 November 2012

17,292

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1,000

Ordinary B

£1

1,000

1,000

2,000

2,000

4.	ULTIMATE PARENT COMPANY