Abbreviated Company Accounts - PRO 2000 LIMITED

PRO 2000 LIMITED - Company Information

04100487 PRO 2000 LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04100487 2014-01-01 2014-12-31 04100487 2014-12-31 04100487 2013-12-31 04100487 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04100487 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04100487

PRO 2000 LIMITED

Abbreviated Accounts

31 December 2014

PRO 2000 LIMITED Registered Number 04100487

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,477	6,051
		4,477	6,051
Current assets
Debtors		24,258	26,536
Cash at bank and in hand		352	1,816
		24,610	28,352
Creditors: amounts falling due within one year		(26,711)	(28,846)
Net current assets (liabilities)		(2,101)	(494)
Total assets less current liabilities		2,376	5,557
Creditors: amounts falling due after more than one year		(712)	(2,018)
Provisions for liabilities		(895)	(2,630)
Total net assets (liabilities)		769	909
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		768	908
Shareholders' funds		769	909

For the year ending 31 December 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 28 September 2015

And signed on their behalf by:
J Winterbottom, Director

PRO 2000 LIMITED Registered Number 04100487

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less it estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Equipment - 33% reducing balance

Other accounting policies
Hire Purchase Agreements:
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating Lease Agreements:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred Taxation:
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2014	14,452
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	14,452
Depreciation
At 1 January 2014	8,401
Charge for the year	1,574
On disposals	-
At 31 December 2014	9,975
Net book values
At 31 December 2014	4,477
At 31 December 2013	6,051

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	J Winterbottom
Description of the transaction:	Loan account
Balance at 1 January 2014:	£ 20,791
Advances or credits made:	-
Advances or credits repaid:	£ 1,244
Balance at 31 December 2014:	£ 19,547

Interest of £827 (2013, £784) was charged to J Winterbottom on this loan. The maximum amount of loan outstanding during the year was £20,791.