Primary Process Consultants Limited - Limited company accounts 16.3

REGISTERED NUMBER: SC321756 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2016

for

Primary Process Consultants Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

K B Rochford

SECRETARY:

D Davidson

REGISTERED OFFICE:

287 Links Road

Bannermill

Aberdeen

Grampian

AB24 5EZ

REGISTERED NUMBER:

SC321756 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

5 Rubislaw Terrace

Aberdeen

AB10 1XE

The director presents his report with the financial statements of the company for the year ended 30 April 2016.

DIRECTOR

K B Rochford held office during the whole of the period from 1 May 2015 to the date of this report.

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:

K B Rochford - Director

25 January 2017

TURNOVER

165,073

233,713

Cost of sales

34,720

35,034

GROSS PROFIT

130,353

198,679

Administrative expenses

5,855

4,481

OPERATING PROFIT

2

124,498

194,198

Interest receivable and similar income

1,789

1,472

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

126,287

195,670

Tax on profit on ordinary activities

3

25,257

39,134

PROFIT FOR THE FINANCIAL YEAR

101,030

156,536

CURRENT ASSETS

Debtors

6

261

-

Cash at bank

387,884

375,819

388,145

375,819

CREDITORS

Amounts falling due within one year

7

39,454

53,158

NET CURRENT ASSETS

348,691

322,661

TOTAL ASSETS LESS CURRENT
LIABILITIES

348,691

322,661

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

348,689

322,659

SHAREHOLDERS' FUNDS

348,691

322,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 January 2017 and were signed by:

K B Rochford - Director

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 the net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment

-

33% on cost

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:

30.4.16

30.4.15

£

Director's remuneration and other benefits etc

16,623

16,813

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.16

30.4.15

£

Current tax:

UK corporation tax

25,257

39,134

Tax on profit on ordinary activities

25,257

39,134

4.

DIVIDENDS

30.4.16

30.4.15

£

Ordinary shares of £1 each

Final

75,000

70,000

5.	TANGIBLE FIXED ASSETS

Computer

Equipment

£

COST

At 1 May 2015

and 30 April 2016

894

DEPRECIATION

At 1 May 2015

and 30 April 2016

894

NET BOOK VALUE

At 30 April 2016

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade debtors

261

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

Trade creditors

342

-

Taxation and social security

33,208

49,663

Other creditors

5,904

3,495

39,454

53,158

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

2

Ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 May 2015

322,659

Profit for the year

101,030

Dividends

(75,000

)

At 30 April 2016

348,689

10.	RELATED PARTY TRANSACTIONS

Mr K B Rochford controls the company by virtue of his ownership of all the shares. He operates a current

account with the company and this was £4,403.92 in credit at 30 April 2016. (30 April 2015: 2,245 Credit)

Dividends totalling £75,000 were paid during the year (30 April 2015:£70,000).