Abbreviated Company Accounts - PROTOZOON LIMITED

Abbreviated Company Accounts - PROTOZOON LIMITED


Registered Number 03666247

PROTOZOON LIMITED

Abbreviated Accounts

30 November 2014

PROTOZOON LIMITED Registered Number 03666247

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,278 6,578
4,278 6,578
Current assets
Stocks 1,400 375
Debtors 50,959 15,157
Cash at bank and in hand 33,415 47,121
85,774 62,653
Creditors: amounts falling due within one year (65,637) (44,722)
Net current assets (liabilities) 20,137 17,931
Total assets less current liabilities 24,415 24,509
Total net assets (liabilities) 24,415 24,509
Capital and reserves
Called up share capital 3 64 64
Profit and loss account 24,351 24,445
Shareholders' funds 24,415 24,509
  • For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 August 2015

And signed on their behalf by:
Mr P Sturgeon, Director

PROTOZOON LIMITED Registered Number 03666247

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 20 - 50% Straight line
Fixtures, fittings & equipment 20% Straight line

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock
Stock is valued at the lower of cost and net realisable value.

Revenue recognition
Revenue is recognised by the company at the point that completed works and services are invoiced to customers.

2Tangible fixed assets
£
Cost
At 1 December 2013 38,905
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2014 38,905
Depreciation
At 1 December 2013 32,327
Charge for the year 2,300
On disposals -
At 30 November 2014 34,627
Net book values
At 30 November 2014 4,278
At 30 November 2013 6,578
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
64 Ordinary shares of £1 each 64 64