Prolag Limited - Abbreviated accounts

Registered number

08546143

Prolag Limited

Abbreviated Accounts

31 March 2015

Prolag Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Prolag Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Prolag Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Manaktala & Co
Chartered Accountants
17 Leeland Mansions
Leeland Road
West Ealing
London
W13 9HE

16 July 2015

Prolag Limited
Registered number:		08546143
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1,553			912

Current assets
Cash at bank and in hand		20,611			10,689

Creditors: amounts falling due within one year		(17,227)			(10,441)

Net current assets			3,384			248

Net assets			4,937			1,160

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			4,837			1,060

Shareholder's funds			4,937			1,160

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs O A F Mustapha
Director
Approved by the board on 16 July 2015

Prolag Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax, in respect of services provided by the company.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Office equipment			20% reducing balance basis
	Office furniture			20% reducing balance basis


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					1,140
	Additions					1,030
	At 31 March 2015					2,170

	Depreciation
	At 1 April 2014					228
	Charge for the year					389
	At 31 March 2015					617

	Net book value
	At 31 March 2015					1,553
	At 31 March 2014					912


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100