Abbreviated Company Accounts - PROFORECAST LTD

Registered Number 08504280

PROFORECAST LTD

Abbreviated Accounts

30 April 2015

PROFORECAST LTD Registered Number 08504280

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	393,050	342,810
		393,050	342,810
Current assets
Stocks		-	-
Debtors		372	13,825
Investments		-	-
Cash at bank and in hand		-	12
		372	13,837
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(118,290)	(81,193)
Net current assets (liabilities)		(117,918)	(67,356)
Total assets less current liabilities		275,132	275,454
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		275,132	275,454
Capital and reserves
Called up share capital		2	2
Share premium account		275,500	275,500
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(370)	(48)
Shareholders' funds		275,132	275,454

For the year ending 30 April 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:
Steven Katirai, Director

PROFORECAST LTD Registered Number 08504280

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Intangible assets amortisation policy
No amortisation has been provided on the costs of developing the cloud based ProForecast platform. as these costs are ongoing.

Other accounting policies
Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Intangible fixed assets

	£
Cost
At 1 May 2014	342,810
Additions	50,240
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	393,050
Amortisation
At 1 May 2014	0
Charge for the year	0
On disposals	0
At 30 April 2015	0
Net book values
At 30 April 2015	393,050
At 30 April 2014	342,810