Abbreviated Company Accounts - PRODATA ASSOCIATES LIMITED
Abbreviated Company Accounts - PRODATA ASSOCIATES LIMITED
Registered Number 03157245
PRODATA ASSOCIATES LIMITED
Abbreviated Accounts
31 July 2016
PRODATA ASSOCIATES LIMITED Registered Number 03157245
Abbreviated Balance Sheet as at 31 July 2016
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 July 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
And signed on their behalf by:
PRODATA ASSOCIATES LIMITED Registered Number 03157245
Notes to the Abbreviated Accounts for the period ended 31 July 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 20% Straight line
Other accounting policies
Research and development expenditure is written off as incurred.
Stock
Stock os valued at the lower of cost and net realisable value, afetr regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and seling costs.
Deferred Tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
£ | |
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Cost | |
At 1 August 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 July 2016 |
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Depreciation | |
At 1 August 2015 |
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Charge for the year |
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On disposals |
( |
At 31 July 2016 |
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Net book values | |
At 31 July 2016 | 3,114 |
At 31 July 2015 | 3,846 |