Company Registration No. 07736630 (England and Wales)
PROFAB NW LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
PROFAB NW LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
PROFAB NW LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
13,333
21,333
Tangible assets
2
8,953
14,289
22,286
35,622
Current assets
Debtors
48,298
34,006
Cash at bank and in hand
6,719
293
55,017
34,299
Creditors: amounts falling due within one year
(70,214)
(43,730)
Net current liabilities
(15,197)
(9,431)
Total assets less current liabilities
7,089
26,191
Creditors: amounts falling due after more than one year
-
(2,173)
Provisions for liabilities
(1,791)
(2,858)
5,298
21,160
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,198
21,060
Shareholders' funds
5,298
21,160
PROFAB NW LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 December 2016
Mr P Yates
Mr A Adair
Director
Director
Company Registration No. 07736630
PROFAB NW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% Straight Line
Fixtures, fittings & equipment
15% Straight Line
Motor vehicles
25% Straight Line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
40,000
23,169
63,169
Depreciation
At 1 April 2015
18,667
8,880
27,547
Charge for the year
8,000
5,336
13,336
At 31 March 2016
26,667
14,216
40,883
Net book value
At 31 March 2016
13,333
8,953
22,286
At 31 March 2015
21,333
14,289
35,622
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2016-03-312015-04-01falsetruetruetruetruetruePROFAB_NW_LIMITED-2016-12-22-Accounts.html2016-12-22077366302015-04-012016-03-31077366302016-03-31077366302015-03-31077366302015-03-3107736630uk-bus:Director12015-04-012016-03-3107736630uk-bus:Director22015-04-012016-03-3107736630uk-gaap:PlantMachinery2015-04-012016-03-3107736630uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-3107736630uk-gaap:MotorVehicles2015-04-012016-03-3107736630uk-bus:OrdinaryShareClass12015-04-012016-03-3107736630uk-bus:OrdinaryShareClass12016-03-3107736630uk-bus:OrdinaryShareClass12015-03-31xbrli:purexbrli:sharesiso4217:GBP
