Proteus Industrial Technologies Limited - Limited company - abbreviated - 11.6

PROTEUS INDUSTRIAL TECHNOLOGIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1ST MAY 2013 TO 31ST OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

J D Bailey

J M Pitman

SECRETARY:

J D Bailey

REGISTERED OFFICE:

21 Sirdar Road

Brook Road Industrial Estate

Rayleigh

Essex

SS6 7XF

REGISTERED NUMBER:

08258719 (England and Wales)

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Tangible assets

2

47,850

725

Investments

3

15,000

-

62,850

725

CURRENT ASSETS

Stocks

57,481

-

Debtors

682,087

2,601

Cash at bank

468,448

24,484

1,208,016

27,085

CREDITORS

Amounts falling due within one year

1,108,874

30,199

NET CURRENT ASSETS/(LIABILITIES)

99,142

(3,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,992

(2,389

)

PROVISIONS FOR LIABILITIES

9,516

-

NET ASSETS/(LIABILITIES)

152,476

(2,389

)

CAPITAL AND RESERVES

Called up share capital

4

50,000

1

Profit and loss account

102,476

(2,390

)

SHAREHOLDERS' FUNDS

152,476

(2,389

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2014 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 2nd June 2015 and were signed on its behalf by:

J D Bailey - 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).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

725

Additions

50,093

At 31st October 2014

50,818

DEPRECIATION

Charge for period

2,968

At 31st October 2014

2,968

NET BOOK VALUE

At 31st October 2014

47,850

At 30th April 2013

725

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

15,000

At 31st October 2014

15,000

NET BOOK VALUE

At 31st October 2014

15,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50,000

Ordinary

£1

50,000

1

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31st October 2014 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

Date: .............................................