PROFAB_NW_LIMITED - Accounts

PROFAB NW LIMITED - Company Information

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Company Registration No. 07736630 (England and Wales)

PROFAB NW LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

PROFAB NW LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PROFAB NW LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

21,333

29,333

Tangible assets

14,289

13,821

35,622

43,154

Current assets

Stocks

4,830

Debtors

34,004

41,751

Cash at bank and in hand

293

2,005

34,299

48,586

Creditors: amounts falling due within one year

(43,730)

(61,580)

Net current liabilities

(9,431)

(12,994)

Total assets less current liabilities

26,191

30,160

Creditors: amounts falling due after more than one year

(2,173)

Provisions for liabilities

(2,858)

21,160

30,160

Capital and reserves

Called up share capital

100

Profit and loss account

21,060

30,060

Shareholders' funds

21,160

30,160

PROFAB NW LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 November 2015

Mr P Yates

Mr A Adair

Director

Company Registration No. 07736630

PROFAB NW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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% Straight Line

Fixtures, fittings & equipment

15% Straight Line

Motor vehicles

25% Straight Line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

40,000

20,211

60,211

Additions

9,457

Disposals

(6,500)

At 31 March 2015

40,000

23,168

63,168

Depreciation

At 1 April 2014

10,667

6,390

17,057

On disposals

(2,438)

Charge for the year

8,000

4,927

12,927

At 31 March 2015

18,667

8,879

27,546

Net book value

At 31 March 2015

21,333

14,289

35,622

At 31 March 2014

29,333

13,821

43,154

PROFAB NW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100