Abbreviated Company Accounts - P.R.A.C. LTD

07916037 P.R.A.C. LTD 2015-01-31 false 2014-02-01 2015-01-31 true 07916037 2014-02-01 2015-01-31 07916037 2015-01-31 07916037 2014-01-31 07916037 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 07916037 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 07916037

P.R.A.C. LTD

Abbreviated Accounts

31 January 2015

P.R.A.C. LTD Registered Number 07916037

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	2,975	3,400
Investments	3	600	500
		3,575	3,900
Current assets
Debtors		35,750	-
		35,750	-
Creditors: amounts falling due within one year		(32,814)	(6,150)
Net current assets (liabilities)		2,936	(6,150)
Total assets less current liabilities		6,511	(2,250)
Total net assets (liabilities)		6,511	(2,250)
Capital and reserves
Called up share capital	4	200	100
Profit and loss account		6,311	(2,350)
Shareholders' funds		6,511	(2,250)

For the year ending 31 January 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 29 January 2016

And signed on their behalf by:
Mr R M Lefever, Director

P.R.A.C. LTD Registered Number 07916037

Notes to the Abbreviated Accounts for the period ended 31 January 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Trade marks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

2Intangible fixed assets

	£
Cost
At 1 February 2014	4,250
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	4,250
Amortisation
At 1 February 2014	850
Charge for the year	425
On disposals	-
At 31 January 2015	1,275
Net book values
At 31 January 2015	2,975
At 31 January 2014	3,400

3Fixed assets Investments
Cost of valuation £
At 1 February 2014 500
Additions 100
____
At 31 January 2015 600

Net book value
At 31 January 2015 600
===
At 31 January 2014 500

Subsidiary undertakings
The following were subsidiary undertakings of the company:

Name Class of shares Holding
Aissa Limited Ordinary shares 100%
Amah Limited Ordinary shares 100%
Assini Limited Ordinary shares 100%
Brou Limited Ordinary shares 100%
Maitland Care Limited Ordinary shares 100%
Withersdane Limited Ordinary shares 100%

The aggregate of the share capital and reserves as at 31 January 2015 and of the profit or loss for the year ended on that date for the subsidiary underakings were as follows:

Aggregate of
share capital
Name and reserves Profit/(loss)
£ £

Aissa Limited 250,055 206,439
Amah Limited 157,672 96,378
Assini Limited 265,591 117,360
Brou Limited (10,119) (10,241)
Maitland Care Limited (61) (8,272)
Withersdane Limited (75,161) (75,261)

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each (100 shares for 2014)	200	100

An additional 100 Ordinary Shares of £1 each were allocated in exchange for the entire share capital in Maitland Care Limited.