PRODJEX LTD - Abbreviated accounts

Registered number

07081375

PRODJEX LTD

Abbreviated Accounts

30 November 2016

PRODJEX LTD
Registered number:		07081375
Abbreviated Balance Sheet
as at 30 November 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		18,756			22,065

Current assets
Debtors		69,949			15,872
Cash at bank and in hand		12,394			66,633
		82,343			82,505

Creditors: amounts falling due within one year		(54,852)			(31,104)

Net current assets			27,491			51,401

Net assets			46,247			73,466

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			46,246			73,465

Shareholders' funds			46,247			73,466

The directors are 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 directors acknowledge their 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.



MR PAUL DAVIS
Director
Approved by the board on 11 May 2017

PRODJEX LTD
Notes to the Abbreviated Accounts
for the year ended 30 November 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 April 2008).

	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.

	Plant and machinery			15% on written down value

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	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.

	Pensions
	#REF!


2	Tangible fixed assets					£

	Cost
	At 1 December 2015					32,310
	At 30 November 2016					32,310

	Depreciation
	At 1 December 2015					10,245
	Charge for the year					3,309
	At 30 November 2016					13,554

	Net book value
	At 30 November 2016					18,756
	At 30 November 2015					22,065


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		1		-