PRO-DOORS_(NORTHERN)_LIMI - Accounts

PRO-DOORS (NORTHERN) LIMITED - Company Information

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PRO-DOORS (NORTHERN) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

Company Registration No. 07654392 (England and Wales)

PRO-DOORS (NORTHERN) LIMITED

COMPANY INFORMATION

Directors

Mr D Townend

Mr D Garghan

Company number

07654392

Registered office

Carlton House

Grammar School Street

Bradford

BD1 4NS

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Business address

27 Moorside Road

Eccleshill

Bradford

BD2 2HB

Bankers

Lloyds Bank Plc

45 Hustlergate

Bradford

BD1 1NT

PRO-DOORS (NORTHERN) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PRO-DOORS (NORTHERN) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

60,000

70,000

Tangible assets

8,358

10,605

68,358

80,605

Current assets

Debtors

32,374

36,878

Cash at bank and in hand

36,676

23,667

69,050

60,545

Creditors: amounts falling due within one year

(135,500)

(138,865)

Net current liabilities

(66,450)

(78,320)

Total assets less current liabilities

1,908

2,285

Provisions for liabilities

(1,672)

(2,121)

236

164

Capital and reserves

Called up share capital

100

Profit and loss account

136

Shareholders' funds

236

164

For the financial year ended 31 August 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 and authorised for issue on 4 December 2015

Mr D Townend

Mr D Garghan

Director

Company Registration No. 07654392

PRO-DOORS (NORTHERN) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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 (except as otherwise stated).

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

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.6

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PRO-DOORS (NORTHERN) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2014

100,000

24,688

124,688

Additions

450

At 31 August 2015

100,000

25,138

125,138

Depreciation

At 1 September 2014

30,000

14,083

44,083

Charge for the year

10,000

2,697

12,697

At 31 August 2015

40,000

16,780

56,780

Net book value

At 31 August 2015

60,000

8,358

68,358

At 31 August 2014

70,000

10,605

80,605

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £2,376).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100