Company Registration No. 04580575 (England and Wales)
PROTECHNIX LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
PROTECHNIX LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PROTECHNIX LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,746
2,070
Current assets
Stocks
7,550
36,313
Debtors
14,926
26,736
Cash at bank and in hand
19,416
2,020
41,892
65,069
Creditors: amounts falling due within one year
(15,629)
(32,627)
Net current assets
26,263
32,442
Total assets less current liabilities
28,009
34,512
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
28,007
34,510
Shareholders' funds
28,009
34,512
For the financial year ended 30 November 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 for issue on 25 February 2016
Mr N Miles
Mrs J Miles
Director
Director
Company Registration No. 04580575
PROTECHNIX LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised as the right to consideration accrues.
1.3
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% straight line
Computer equipment
33% straight line
Fixtures, fittings & equipment
25% straight line
1.4
Stock and work in progress
Stock is valued at the lower of cost and net realisable value.
1.5
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.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
PROTECHNIX LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
23,151
Additions
516
Disposals
(6,660)
At 30 November 2015
17,007
Depreciation
At 1 December 2014
21,080
On disposals
(6,660)
Charge for the year
841
At 30 November 2015
15,261
Net book value
At 30 November 2015
1,746
At 30 November 2014
2,070
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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