Proquant Estimating Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08246442 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2015

FOR

PROQUANT ESTIMATING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

D J Campbell

O K Wilcox

J J G A Wilcox

G Lithgow

M E Boyle

SECRETARY:

D J Campbell

REGISTERED OFFICE:

Silk Point

Queens Avenue

Macclesfield

Cheshire

SK10 2BB

REGISTERED NUMBER:

08246442 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

6,473

8,061

CURRENT ASSETS

Debtors

59,976

48,461

Cash at bank

87,913

45,752

147,889

94,213

CREDITORS

Amounts falling due within one year

103,275

60,756

NET CURRENT ASSETS

44,614

33,457

TOTAL ASSETS LESS CURRENT LIABILITIES

51,087

41,518

PROVISIONS FOR LIABILITIES

1,295

1,612

NET ASSETS

49,792

39,906

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium

2,252

2,252

Profit and loss account

47,440

37,554

SHAREHOLDERS' FUNDS

49,792

39,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21st January 2016 and were signed on its behalf by:

D J Campbell - Director

O K Wilcox - Director

J J G A Wilcox - Director

M E Boyle - Director

G Lithgow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

13,547

Additions

2,764

At 31st October 2015

16,311

DEPRECIATION

At 1st November 2014

5,486

Charge for year

4,352

At 31st October 2015

9,838

NET BOOK VALUE

At 31st October 2015

6,473

At 31st October 2014

8,061

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

NIL

A Ordinary

£1

-

24

(2014 - 24 )

NIL

B Ordinary

£1

-

24

(2014 - 24 )

NIL

C Ordinary

£1

-

20

NIL

D Ordinary

£1

-

20

NIL

E Ordinary

£1

-

12

(2014 - 12)

2,732

A Ordinary shares

1p

27

-

2,732

B Ordinary shares

1p

27

-

2,732

C Ordinary shares

1p

27

-

1,804

E Ordinary shares

1p

19

-

100

100