Petrogen Process Solutions & Assoc Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07580431 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Petrogen Process Solutions and

Associates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Shinde

REGISTERED OFFICE:

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

REGISTERED NUMBER:

07580431 (England and Wales)

ACCOUNTANTS:

Mehta & Company

Chartered Certified Accountants

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

FIXED ASSETS

Tangible assets

2

415

553

CURRENT ASSETS

Debtors

13,851

3,919

Cash at bank

167,197

102,439

181,048

106,358

CREDITORS

Amounts falling due within one year

32,746

29,620

NET CURRENT ASSETS

148,302

76,738

TOTAL ASSETS LESS CURRENT LIABILITIES

148,717

77,291

PROVISIONS FOR LIABILITIES

83

111

NET ASSETS

148,634

77,180

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

148,633

77,179

SHAREHOLDERS' FUNDS

148,634

77,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 director on 17 August 2015 and were signed by:

S Shinde - 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 services, 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.

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,179

DEPRECIATION

At 1 April 2014

626

Charge for year

138

At 31 March 2015

764

NET BOOK VALUE

At 31 March 2015

415

At 31 March 2014

553

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Shinde.