Procopio Technologies Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09044375 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2016

FOR

PROCOPIO TECHNOLOGIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M P Castellar De Araujo

REGISTERED OFFICE:

44a Seaford Road

London

W13 9HT

REGISTERED NUMBER:

09044375 (England and Wales)

ACCOUNTANTS:

Jay Patel & Co

Chartered Accountants

278 Northfield Avenue

Ealing

London

W5 4UB

FIXED ASSETS

Tangible assets

2

2,396

464

CURRENT ASSETS

Debtors

-

3,312

Cash at bank

1,734

10,147

1,734

13,459

CREDITORS

Amounts falling due within one year

4,129

13,922

NET CURRENT LIABILITIES

(2,395

)

(463

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1

CAPITAL AND RESERVES

Called up share capital

3

1

SHAREHOLDERS' FUNDS

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24th February 2017 and were signed by:

M P Castellar De Araujo - 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 & revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax.

The revenue is recognised for the services as the services are performed.

Tangible fixed assets

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

Plant and Machinery - 25% on cost - Straight Line Basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which

the directors consider appropriate having regard to the circumstances.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

619

Additions

2,783

At 31st May 2016

3,402

DEPRECIATION

At 1st June 2015

155

Charge for year

851

At 31st May 2016

1,006

NET BOOK VALUE

At 31st May 2016

2,396

At 31st May 2015

464

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

1

ordinary

1

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,067 (2015 - £11,106) were paid to the director .

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Castellar De Araujo.