Prodem Demolition & Asbestos Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06304677

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Prodem Demolition & Asbestos Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M P Cross

S M Cross

SECRETARY:

Mrs E Cross

REGISTERED OFFICE:

638 Western Boulevard

Aspley

Nottinghamshire

NG8 5GN

REGISTERED NUMBER:

06304677

ACCOUNTANTS:

bostockwhite Limited

Chartered Accountants

Cabourn House

Station Street

Bingham

Nottinghamshire

NG13 8AQ

FIXED ASSETS

Intangible assets

2

31,500

36,000

Tangible assets

3

299,387

144,041

330,887

180,041

CURRENT ASSETS

Debtors

198,425

180,298

Cash at bank and in hand

84

238

198,509

180,536

CREDITORS

Amounts falling due within one year

308,765

224,045

NET CURRENT LIABILITIES

(110,256

)

(43,509

)

TOTAL ASSETS LESS CURRENT LIABILITIES

220,631

136,532

CREDITORS

Amounts falling due after more than one year

(170,232

)

(59,532

)

PROVISIONS FOR LIABILITIES

(14,017

)

(10,317

)

NET ASSETS

36,382

66,683

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

36,282

66,583

SHAREHOLDERS' FUNDS

36,382

66,683

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 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 28 August 2015 and were signed on its behalf by:

M P Cross - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under

hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated

over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

45,000

AMORTISATION

At 1 April 2014

9,000

Amortisation for year

4,500

At 31 March 2015

13,500

NET BOOK VALUE

At 31 March 2015

31,500

At 31 March 2014

36,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

187,114

Additions

188,599

Disposals

(2,300

)

At 31 March 2015

373,413

DEPRECIATION

At 1 April 2014

43,073

Charge for year

31,762

Eliminated on disposal

(809

)

At 31 March 2015

74,026

NET BOOK VALUE

At 31 March 2015

299,387

At 31 March 2014

144,041

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

70

Ordinary A

£1

70

70

30

Ordinary B

£1

30

30

100

100