Procentium Consulting Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06233677

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Procentium Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E Ben-Smith

SECRETARY:

L Darlington

REGISTERED OFFICE:

31 Lomond Way

Stevenage

Hertfordshire

SG1 6AG

REGISTERED NUMBER:

06233677

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

2

669

892

CURRENT ASSETS

Debtors

69,640

72,232

CREDITORS

Amounts falling due within one year

69,015

64,554

NET CURRENT ASSETS

625

7,678

TOTAL ASSETS LESS CURRENT LIABILITIES

1,294

8,570

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,194

8,470

SHAREHOLDERS' FUNDS

1,294

8,570

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

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

The director acknowledges his 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 director on 29 February 2016 and were signed by:

E Ben-Smith - 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 services, 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.

Computer equipment

-

25% on reducing balance

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 1 June 2014

and 31 May 2015

5,593

DEPRECIATION

At 1 June 2014

4,701

Charge for year

223

At 31 May 2015

4,924

NET BOOK VALUE

At 31 May 2015

669

At 31 May 2014

892

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary Share

1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2015 and

31 May 2014:

31.5.15

31.5.14

£

£

E Ben-Smith

Balance outstanding at start of year

57,550

58,030

Amounts advanced

-

20

Amounts repaid

(2,592

)

(500

)

Balance outstanding at end of year

54,958

57,550