Abbreviated Company Accounts - PRO SYSTEMS LIMITED

Abbreviated Company Accounts - PRO SYSTEMS LIMITED

PRO SYSTEMS LIMITED - Company Information

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Registered Number 09071424

PRO SYSTEMS LIMITED

Abbreviated Accounts

30 June 2015

PRO SYSTEMS LIMITED Registered Number 09071424

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015
£
Fixed assets
Tangible assets 2 2,388
2,388
Current assets
Stocks 2,062
Debtors 4,145
Cash at bank and in hand 2,815
9,022
Creditors: amounts falling due within one year (11,103)
Net current assets (liabilities) (2,081)
Total assets less current liabilities 307
Total net assets (liabilities) 307
Capital and reserves
Called up share capital 1
Profit and loss account 306
Shareholders' funds 307
  • For the year ending 30 June 2015 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 12 November 2015

And signed on their behalf by:
J. M. Brooks, Director

PRO SYSTEMS LIMITED Registered Number 09071424

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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
This represents the value of goods and services supplied to customers during the year, less returns and exclusive of value added tax.

Tangible assets depreciation policy
Depreciation has been included on a reducing balance basis to write down each asset to its estimated residual value over the period of its revenue earning life. The annual rates used are:-
Equipment 25% Vehicle 25%

Valuation information and policy
Stocks are valued at the lower of cost or net realisable value. Costs include all direct costs incurred in bringing the stocks to their present location and condition.

2Tangible fixed assets
£
Cost
Additions 3,377
Disposals -
Revaluations -
Transfers -
At 30 June 2015 3,377
Depreciation
Charge for the year 989
On disposals -
At 30 June 2015 989
Net book values
At 30 June 2015 2,388