Abbreviated Company Accounts - PROBUILDUK LTD

Abbreviated Company Accounts - PROBUILDUK LTD

HERITAGE PROBUILD LTD - Company Information

Print Friendly Version

Registered Number 09081520

PROBUILDUK LTD

Abbreviated Accounts

30 June 2016

PROBUILDUK LTD Registered Number 09081520

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,168 5,040
6,168 5,040
Current assets
Debtors 1,805 4,844
Cash at bank and in hand 459 1,733
2,264 6,577
Creditors: amounts falling due within one year (11,127) (16,633)
Net current assets (liabilities) (8,863) (10,056)
Total assets less current liabilities (2,695) (5,016)
Provisions for liabilities (1,234) (1,007)
Total net assets (liabilities) (3,929) (6,023)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (4,029) (6,123)
Shareholders' funds (3,929) (6,023)
  • For the year ending 30 June 2016 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 12 August 2016

And signed on their behalf by:
T J Bone, Director

PROBUILDUK LTD Registered Number 09081520

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 January 2015).
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in
the periods when the timing differences will reverse.
The financial statements have been prepared on the going concern basis, even though the
company has net liabilities as financial support has been provided by the director who has
confirmed that this support will be ongoing.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in
the periods when the timing differences will reverse.

2Tangible fixed assets
£
Cost
At 1 July 2015 6,300
Additions 2,985
Disposals -
Revaluations -
Transfers -
At 30 June 2016 9,285
Depreciation
At 1 July 2015 1,260
Charge for the year 1,857
On disposals -
At 30 June 2016 3,117
Net book values
At 30 June 2016 6,168
At 30 June 2015 5,040
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100