Abbreviated Company Accounts - PROTEAN DEVELOPMENTS LIMITED

PROTEAN DEVELOPMENTS LIMITED - Company Information

07280218 PROTEAN DEVELOPMENTS LIMITED 2015-12-31 false 2014-12-31 2015-12-31 true 07280218 2014-12-31 2015-12-31 07280218 2015-12-31 07280218 2014-12-30 07280218 uk-gaap-cd-bus:Director1 2014-12-31 2015-12-31 07280218 uk-gaap-cd-bus:Director2 2014-12-31 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-30 iso4217:GBP shares

Registered Number 07280218

PROTEAN DEVELOPMENTS LIMITED

Abbreviated Accounts

31 December 2015

PROTEAN DEVELOPMENTS LIMITED Registered Number 07280218

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		1,321,142	1,313,538
Cash at bank and in hand		20,046	75,186
		1,341,188	1,388,724
Creditors: amounts falling due within one year		(1,278,983)	(1,321,879)
Net current assets (liabilities)		62,205	66,845
Total assets less current liabilities		62,205	66,845
Total net assets (liabilities)		62,205	66,845
Capital and reserves
Called up share capital	2	70,000	70,000
Profit and loss account		(7,795)	(3,155)
Shareholders' funds		62,205	66,845

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 28 September 2016

And signed on their behalf by:
G F Barrett, Director

PROTEAN DEVELOPMENTS LIMITED Registered Number 07280218

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sales of goods and services, excluding value added tax.

Other accounting policies
Stocks are valued at lower of cost and net realisable value.

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
70,000 Ordinary shares of £1 each	70,000	70,000