Abbreviated Company Accounts - PROSEQUENCE LTD

04904333 PROSEQUENCE LTD 2016-07-31 false 2015-08-01 2016-07-31 true 04904333 2015-08-01 2016-07-31 04904333 2016-07-31 04904333 2015-07-31 04904333 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 04904333 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 04904333

PROSEQUENCE LTD

Abbreviated Accounts

31 July 2016

PROSEQUENCE LTD Registered Number 04904333

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	820	1,093
		820	1,093
Current assets
Debtors		8,297	1,348
Cash at bank and in hand		1,741	1,074
		10,038	2,422
Creditors: amounts falling due within one year		(8,495)	(5,165)
Net current assets (liabilities)		1,543	(2,743)
Total assets less current liabilities		2,363	(1,650)
Total net assets (liabilities)		2,363	(1,650)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,362	(1,651)
Shareholders' funds		2,363	(1,650)

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 27 April 2017

And signed on their behalf by:
Mr A A Napier, Director

PROSEQUENCE LTD Registered Number 04904333

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings - 25% reducing balance

Other accounting policies
Pension Costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 August 2015	6,246
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	6,246
Depreciation
At 1 August 2015	5,153
Charge for the year	273
On disposals	-
At 31 July 2016	5,426
Net book values
At 31 July 2016	820
At 31 July 2015	1,093

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1