PRO-AG Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06186486 (England and Wales)

PRO-AG MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J V Davie

REGISTERED OFFICE:

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

BUSINESS ADDRESS:

High House Farm

Silver Street

Minting

Horncastle

Lincolnshire

LN9 5RP

REGISTERED NUMBER:

06186486 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

CURRENT ASSETS

Cash at bank

17,422

21,751

CREDITORS

Amounts falling due within one year

751

3,351

NET CURRENT ASSETS

16,671

18,400

TOTAL ASSETS LESS CURRENT LIABILITIES

16,671

18,400

CAPITAL AND RESERVES

Called up share capital

148

148

Retained earnings

16,523

18,252

16,671

18,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 14 July 2020 and were signed by:

J V Davie - Director

1.	STATUTORY INFORMATION

PRO-AG Management 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

40,000

AMORTISATION

At 1 April 2019

and 31 March 2020

40,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2019

and 31 March 2020

554

DEPRECIATION

At 1 April 2019

and 31 March 2020

554

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-