Protologic Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03424154

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

PROTOLOGIC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Burns

T Harrison

SECRETARY:

J A Burns

REGISTERED OFFICE:

39 Castle Street

Leicester

LE1 5WN

REGISTERED NUMBER:

03424154

ACCOUNTANTS:

Hayles Leicester Limited

Chartered Accountants

39 Castle Street

Leicester

LE1 5WN

BANKERS:

National Westminster Bank PLC

14-16 Haymarket

Leicestershire

LE1 3NT

FIXED ASSETS

Tangible assets

2

1,684

522

CURRENT ASSETS

Debtors

36,773

30,112

Cash at bank

53,204

40,183

89,977

70,295

CREDITORS

Amounts falling due within one year

25,533

7,593

NET CURRENT ASSETS

64,444

62,702

TOTAL ASSETS LESS CURRENT LIABILITIES

66,128

63,224

PROVISIONS FOR LIABILITIES

232

105

NET ASSETS

65,896

63,119

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

65,596

62,819

SHAREHOLDERS' FUNDS

65,896

63,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 May 2016 and were signed on its behalf by:

J A Burns - Director

1.	ACCOUNTING POLICIES

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as

otherwise stated).

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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

life.

Fixtures and fittings - 40% per annum 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. The deferred tax balance has not been discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

35,147

Additions

2,516

At 31 August 2015

37,663

DEPRECIATION

At 1 September 2014

34,625

Charge for year

1,354

At 31 August 2015

35,979

NET BOOK VALUE

At 31 August 2015

1,684

At 31 August 2014

522

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

300

Ordinary

£1

300

300