Abbreviated Company Accounts - PROSEAL ESSEX LIMITED

PROSEAL ESSEX LIMITED - Company Information

04511470 PROSEAL ESSEX LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 04511470 2015-09-01 2016-08-31 04511470 2016-08-31 04511470 2015-08-31 04511470 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 04511470 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 04511470

PROSEAL ESSEX LIMITED

Abbreviated Accounts

31 August 2016

PROSEAL ESSEX LIMITED Registered Number 04511470

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,278	4,624
		9,278	4,624
Current assets
Stocks		50	440
Debtors		5,712	-
Cash at bank and in hand		35,855	20,697
		41,617	21,137
Creditors: amounts falling due within one year		(25,978)	(19,451)
Net current assets (liabilities)		15,639	1,686
Total assets less current liabilities		24,917	6,310
Creditors: amounts falling due after more than one year		(833)	-
Total net assets (liabilities)		24,084	6,310
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		24,083	6,309
Shareholders' funds		24,084	6,310

For the year ending 31 August 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 24 May 2017

And signed on their behalf by:
Paul Loveday, Director

PROSEAL ESSEX LIMITED Registered Number 04511470

Notes to the Abbreviated Accounts for the period ended 31 August 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery- 25% reducing balance

Fixtures, fittings and equipment- 25% reducing balance

Motor vehicles - 25% reducing balance

Computer equipment- 33.33% reducing balance

2Tangible fixed assets

	£
Cost
At 1 September 2015	24,083
Additions	8,495
Disposals	(14,784)
Revaluations	-
Transfers	-
At 31 August 2016	17,794
Depreciation
At 1 September 2015	19,459
Charge for the year	3,342
On disposals	(14,285)
At 31 August 2016	8,516
Net book values
At 31 August 2016	9,278
At 31 August 2015	4,624

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

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