Prosurv Home Inspections Ltd - Period Ending 2016-03-31

Registration number: 05854815

Prosurv Home Inspections Ltd
 
  andUnaudited Abbreviated Accounts

 
  for the Year Ended 31 March 2016
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

Prosurv Home Inspections Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Prosurv Home Inspections Ltd
(Registration number: 05854815)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			235
Current assets
Debtors					1,858			768
Cash at bank and in hand					1,846			2,517
					3,704			3,285
Creditors: Amounts falling due within one year					(5,091)			(3,431)
Net current liabilities					(1,387)			(146)
Net (liabilities)/assets					(1,387)			89
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(1,389)			87
Shareholders' (deficit)/funds					(1,387)			89

For the year ending 31 March 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 22 December 2016 and signed on its behalf by:

.........................................
D J Wilsher
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Prosurv Home Inspections Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company's continued operation is dependent on the support of its directors and they have given an assurance of their continued support.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as followes:-

Asset class	Depreciation method and rate
Fixtures and fittings	25% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Prosurv Home Inspections Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		3,212			3,212
Disposals		(1,659)			(1,659)
At 31 March 2016		1,553			1,553
Depreciation
At 1 April 2015		2,977			2,977
Eliminated on disposals		(1,424)			(1,424)
At 31 March 2016		1,553			1,553
Net book value
At 31 March 2016		-			-
At 31 March 2015		235			235

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3