PROTOL_HOLDINGS_LIMITED - Accounts

PROTOL HOLDINGS LIMITED - Company Information

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Company Registration No. 03630316 (England and Wales)

PROTOL HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

PROTOL HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

PROTOL HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

332,948

329,873

Investments

333,028

329,953

Current assets

Debtors

348,137

303,179

Cash at bank and in hand

2,375

1,178

350,512

304,357

Creditors: amounts falling due within one year

(129,915)

(124,103)

Net current assets

220,597

180,254

Total assets less current liabilities

553,625

510,207

Provisions for liabilities

(36,752)

(17,095)

516,873

493,112

Capital and reserves

Called up share capital

8,000

Profit and loss account

508,873

485,112

Shareholders' funds

516,873

493,112

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.

Director's 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 director acknowledges his 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 19 December 2016

Mr S Conley

Director

Company Registration No. 03630316

PROTOL HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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).

The company is reliant upon the financial support of its director in order to meet its liabilities as they fall due. The director has indicated that this support will continue for the foreseeable future and, as a result, has continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Turnover represents amounts receivable for services provided, net of VAT.

1.3

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

6.67% Reducing balance

Fixtures, fittings & equipment

20% Straight line

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

The accounting policy in respect of deferred taxation reflects the requirements of the Financial Reporting Standard for Smaller Entities (effective January 2015). Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred taxation balance has not been discounted.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

PROTOL HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

829,588

829,668

Additions

26,869

At 31 March 2016

856,457

856,537

Depreciation

At 1 April 2015

499,715

Charge for the year

23,794

At 31 March 2016

523,509

Net book value

At 31 March 2016

332,948

333,028

At 31 March 2015

329,873

329,953

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Protol Comar Limited

England and Wales

Ordinary

80.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Protol Comar Limited

149,851

64,234

Share capital

2016

2015

Allotted, called up and fully paid

8,000 Ordinary shares of £1 each

8,000

PROTOL HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Related party relationships and transactions

Loan from the director

Transactions in relation to a loan with the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr S Conley

94,203

28,000

22,421

99,782

94,203

28,000

22,421

99,782