Abbreviated Company Accounts - PROTEUS RESEARCH LTD.

Abbreviated Company Accounts - PROTEUS RESEARCH LTD.

PROTEUS RESEARCH LTD. - Company Information

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Registered Number 04052376

PROTEUS RESEARCH LTD.

Abbreviated Accounts

31 August 2015

PROTEUS RESEARCH LTD. Registered Number 04052376

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,735 4,908
2,735 4,908
Current assets
Debtors 88,249 104,409
Cash at bank and in hand 1,414 1
89,663 104,410
Creditors: amounts falling due within one year (92,324) (100,121)
Net current assets (liabilities) (2,661) 4,289
Total assets less current liabilities 74 9,197
Creditors: amounts falling due after more than one year - (9,147)
Total net assets (liabilities) 74 50
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 72 48
Shareholders' funds 74 50
  • For the year ending 31 August 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 31 May 2016

And signed on their behalf by:
Mr A R B Clayton, Director

PROTEUS RESEARCH LTD. Registered Number 04052376

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for research services net of VAT

Tangible assets depreciation policy
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:

Computer equipment 33% straight line
Fixtures, fittings & equipment 25% reducing balance

Other 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).

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.

2Tangible fixed assets
£
Cost
At 1 September 2014 36,468
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2015 36,468
Depreciation
At 1 September 2014 31,560
Charge for the year 2,173
On disposals -
At 31 August 2015 33,733
Net book values
At 31 August 2015 2,735
At 31 August 2014 4,908
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
2 Ordinary shares of £1 each 2 2

4Transactions with directors

Name of director receiving advance or credit: Mr A R B Clayton
Description of the transaction: Loan
Balance at 1 September 2014: £ 8,896
Advances or credits made: -
Advances or credits repaid: £ 701
Balance at 31 August 2015: £ 8,195
Name of director receiving advance or credit: Mr J C B Oliver
Description of the transaction: Loan
Balance at 1 September 2014: £ 14,933
Advances or credits made: £ 625
Advances or credits repaid: -
Balance at 31 August 2015: £ 15,558