Abbreviated Company Accounts - PROTIME CLOCKS LTD.

PROTIME CLOCKS LTD. - Company Information

03716628 PROTIME CLOCKS LTD. 2015-11-30 false 2014-12-01 2015-11-30 true 03716628 2014-12-01 2015-11-30 03716628 2015-11-30 03716628 2014-11-30 03716628 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 03716628 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 03716628

PROTIME CLOCKS LTD.

Abbreviated Accounts

30 November 2015

PROTIME CLOCKS LTD. Registered Number 03716628

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	256,045	264,192
		256,045	264,192
Current assets
Stocks		-	5,756
Debtors		51,848	45,676
Investments		449,434	442,949
Cash at bank and in hand		12,899	-
		514,181	494,381
Creditors: amounts falling due within one year		(346,112)	(350,574)
Net current assets (liabilities)		168,069	143,807
Total assets less current liabilities		424,114	407,999
Provisions for liabilities		(2,313)	(2,692)
Total net assets (liabilities)		421,801	405,307
Capital and reserves
Called up share capital	3	165,100	165,100
Profit and loss account		256,701	240,207
Shareholders' funds		421,801	405,307

For the year ending 30 November 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 27 May 2016

And signed on their behalf by:
Mrs B Cheslyn-Curtis, Director

PROTIME CLOCKS LTD. Registered Number 03716628

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 the total invoice value of sales made during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 50 years straight line basis
Plant & Machinery – 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment – 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 December 2014	330,037
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	330,037
Depreciation
At 1 December 2014	65,845
Charge for the year	8,147
On disposals	-
At 30 November 2015	73,992
Net book values
At 30 November 2015	256,045
At 30 November 2014	264,192

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
165,100 Ordinary shares of £1 each	165,100	165,100