Prodel Ltd - Period Ending 2015-12-31

Registration number: 06800455

Prodel Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

KRW Accountants Ltd
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Bus. Park
Alderton Rd
Towcester
NN12 7LS

Prodel Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Prodel Ltd
(Registration number: 06800455)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					19,440			3,815
Current assets
Debtors					17,976			22,353
Cash at bank and in hand					39,913			41,676
					57,889			64,029
Creditors: Amounts falling due within one year					(13,287)			(20,010)
Net current assets					44,602			44,019
Net assets					64,042			47,834
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					63,942			47,734
Shareholders' funds					64,042			47,834

For the year ending 31 December 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 30 March 2016 and signed on its behalf by:

.........................................
Mr Nigel Patrick Doherty
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Prodel Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Prodel Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		7,160			7,160
Additions		21,389			21,389
At 31 December 2015		28,549			28,549
Depreciation
At 1 January 2015		3,345			3,345
Charge for the year		5,764			5,764
At 31 December 2015		9,109			9,109
Net book value
At 31 December 2015		19,440			19,440
At 31 December 2014		3,815			3,815

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3