| PROACTIVE (SOUTH) LIMITED |
| Registered number: |
04193207 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
2,956 |
|
|
5,911 |
| Tangible assets |
3 |
|
|
11,758 |
|
|
14,091 |
|
|
|
|
14,714 |
|
|
20,002 |
|
| Current assets |
| Stocks |
|
|
500 |
|
|
500 |
| Debtors |
4 |
|
365,575 |
|
|
325,990 |
| Cash at bank and in hand |
|
|
51,891 |
|
|
17,854 |
|
|
|
417,966 |
|
|
344,344 |
|
| Creditors: amounts falling due within one year |
|
|
(370,087) |
|
|
(336,409) |
|
| Net current assets |
|
|
|
47,879 |
|
|
7,935 |
|
| Total assets less current liabilities |
|
|
|
62,593 |
|
|
27,937 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(18,088) |
|
|
(27,187) |
|
|
|
| Net assets |
|
|
|
44,505 |
|
|
750 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
44,503 |
|
|
748 |
|
| Shareholders' funds |
|
|
|
44,505 |
|
|
750 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C Lay |
| Director |
| Approved by the board on 22 December 2016 |
|
| PROACTIVE (SOUTH) LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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 |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% reducing balance |
|
Leasehold improvements |
3 years straight line |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
14,776 |
|
At 31 March 2016 |
14,776 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
8,865 |
|
Provided during the year |
2,955 |
|
At 31 March 2016 |
11,820 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
2,956 |
|
At 31 March 2015 |
5,911 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
44,415 |
|
Additions |
2,208 |
|
At 31 March 2016 |
46,623 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
30,324 |
|
Charge for the year |
4,541 |
|
At 31 March 2016 |
34,865 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
11,758 |
|
At 31 March 2015 |
14,091 |
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
20,688 |
|
20,688 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
C Lay |
|
Directors loan |
159,493 |
|
100,444 |
|
(77,013) |
|
182,924 |
|
|
|
159,493 |
|
100,444 |
|
(77,013) |
|
182,924 |
|
|
|
|
|
|
|
|
|
|
C Lay has given personal guarantees in respect of the bank borrowing. The company charged interest of £5,060 (2015: £4,675) on the above loan during the year. |
