Abbreviated Company Accounts - PROTO MOTOR LTD

Abbreviated Company Accounts - PROTO MOTOR LTD

PROTO MOTOR LTD - Company Information

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Registered Number 07807976

PROTO MOTOR LTD

Abbreviated Accounts

31 October 2015

PROTO MOTOR LTD Registered Number 07807976

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 206 274
206 274
Current assets
Cash at bank and in hand 2,714 8,400
2,714 8,400
Creditors: amounts falling due within one year (2,756) (7,260)
Net current assets (liabilities) (42) 1,140
Total assets less current liabilities 164 1,414
Total net assets (liabilities) 164 1,414
Capital and reserves
Called up share capital 2 2
Profit and loss account 162 1,412
Shareholders' funds 164 1,414
  • For the year ending 31 October 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 26 July 2016

And signed on their behalf by:
Mohammed Abdul Gaffar, Director

PROTO MOTOR LTD Registered Number 07807976

Notes to the Abbreviated Accounts for the period ended 31 October 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.

Turnover policy
The turnover shown in the profit and loss account represents revenue earning during the period.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Other accounting policies
Controlling party is Mr Mohammed Abdul Gaffar who is a director and 100% shareholder in the company.

2Tangible fixed assets
£
Cost
At 1 November 2014 274
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2015 274
Depreciation
At 1 November 2014 -
Charge for the year 68
On disposals -
At 31 October 2015 68
Net book values
At 31 October 2015 206
At 31 October 2014 274