Abbreviated Company Accounts - PROTOLOGIC LIMITED

PROTOLOGIC LIMITED - Company Information

03424154 PROTOLOGIC LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 03424154 2015-09-01 2016-08-31 03424154 2016-08-31 03424154 2015-08-31 03424154 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 03424154 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 03424154

PROTOLOGIC LIMITED

Abbreviated Accounts

31 August 2016

PROTOLOGIC LIMITED Registered Number 03424154

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	929	1,684
Investments		-	-
		929	1,684
Current assets
Stocks		-	-
Debtors		7,044	36,773
Investments		-	-
Cash at bank and in hand		38,326	53,204
		45,370	89,977
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(16,576)	(25,533)
Net current assets (liabilities)		28,794	64,444
Total assets less current liabilities		29,723	66,128
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(186)	(232)
Accruals and deferred income		0	0
Total net assets (liabilities)		29,537	65,896
Capital and reserves
Called up share capital	3	300	300
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		29,237	65,596
Shareholders' funds		29,537	65,896

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 26 June 2017

And signed on their behalf by:
J A BURNS, Director

PROTOLOGIC LIMITED Registered Number 03424154

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 January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 40% per annum on cost.

Other accounting policies
Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The Deferred Tax balance has not been discounted.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistantly (except as otherwise stated).

2Tangible fixed assets

	£
Cost
At 1 September 2015	37,663
Additions	713
Disposals	0
Revaluations	0
Transfers	0
At 31 August 2016	38,376
Depreciation
At 1 September 2015	35,979
Charge for the year	1,468
On disposals	0
At 31 August 2016	37,447
Net book values
At 31 August 2016	929
At 31 August 2015	1,684

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

	2016 £	2015 £
300 Ordinary shares of £1 each	300	300