Propsys Limited - Limited company accounts 16.3

Propsys Limited - Limited company accounts 16.3

PROPSYS LIMITED - Company Information

Print Friendly Version

09506682 24.3.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false false false true false false true false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure095066822015-03-23095066822016-03-31095066822015-03-242016-03-31095066822015-03-2309506682ns12:England2015-03-242016-03-3109506682ns14:PoundSterling2015-03-242016-03-3109506682ns7:Director12015-03-242016-03-3109506682ns7:OrdinaryShareClass12015-03-242016-03-3109506682ns7:RegisteredOffice2015-03-242016-03-3109506682ns7:EntityAccountantsOrAuditors2015-03-242016-03-3109506682ns7:AllEntityOfficers2015-03-242016-03-3109506682ns7:OrdinaryShareClass12016-03-31
REGISTERED NUMBER: 09506682 (England and Wales)















Report of the Director and

Unaudited Financial Statements

for the Period

24 March 2015 to 31 March 2016

for

Propsys Limited

Propsys Limited (Registered number: 09506682)






Contents of the Financial Statements
for the Period 24 March 2015 to 31 March 2016




Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 5


Propsys Limited

Company Information
for the Period 24 March 2015 to 31 March 2016







DIRECTOR: P G Taylor





REGISTERED OFFICE: Kd Tower
Cotterells
Hemel Hempstead
Herts
HP1 1FW





REGISTERED NUMBER: 09506682 (England and Wales)





ACCOUNTANTS: SJD Accountancy
Plaza 8
KD Tower
Cotterells
Hemel Hempstead
Herts
HP1 1FW
Page 1
Propsys Limited (Registered number: 09506682)

Report of the Director
for the Period 24 March 2015 to 31 March 2016

The director presents his report with the financial statements of the company for the period 24 March 2015 to 31 March 2016.

INCORPORATION
The company was incorporated on 24 March 2015 and commenced trading on 1 April 2015.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of computer consultancy services.

DIRECTOR
P G Taylor was appointed as a director on 24 March 2015 and held office during the whole of the period from
then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006
relating to small companies.

ON BEHALF OF THE BOARD:





P G Taylor - Director


2 December 2016

Page 2
Propsys Limited (Registered number: 09506682)

Profit and Loss Account
for the Period 24 March 2015 to 31 March 2016

Notes £   

TURNOVER 174,492

Administrative expenses 37,447
OPERATING PROFIT and
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
2
137,045

Tax on profit on ordinary activities 3 27,409
PROFIT FOR THE FINANCIAL PERIOD 109,636

The notes form part of these financial statements

Page 3
Propsys Limited (Registered number: 09506682)

Balance Sheet
31 March 2016

Notes £   
CURRENT ASSETS
Debtors 5 10
Cash at bank 29,517
29,527
CREDITORS
Amounts falling due within one year 6 27,830
NET CURRENT ASSETS 1,697
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,697

CAPITAL AND RESERVES
Called up share capital 7 10
Profit and loss account 8 1,687
SHAREHOLDERS' FUNDS 1,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 2 December 2016 and were signed by:





P G Taylor - Director


The notes form part of these financial statements

Page 4
Propsys Limited (Registered number: 09506682)

Notes to the Financial Statements
for the Period 24 March 2015 to 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. OPERATING PROFIT

The operating profit is stated after charging:

£   
Pension costs 4,000

Director's remuneration -
Director's pension contributions to money purchase schemes 4,000

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the period was as follows:
£   
Current tax:
UK corporation tax 27,409
Tax on profit on ordinary activities 27,409

4. DIVIDENDS
£   
Interim 107,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax 27,409
VAT 85
Directors' current accounts 336
27,830

Page 5 continued...
Propsys Limited (Registered number: 09506682)

Notes to the Financial Statements - continued
for the Period 24 March 2015 to 31 March 2016

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
10 Ordinary £1 10

10 Ordinary shares of £1 were issued during the period for cash of £ 10 .

8. RESERVES
Profit
and loss
account
£   

Profit for the period 109,636
Dividends (107,949 )
At 31 March 2016 1,687

9. ULTIMATE CONTROLLING PARTY

The controlling party is P G Taylor.

The ultimate controlling party is P G Taylor.

Page 6