| Propona Limited |
| Registered number: |
04208811 |
| Abbreviated Balance Sheet |
| as at 31 May 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
614 |
|
|
916 |
|
| Current assets |
| Debtors |
|
|
810 |
|
|
7,447 |
| Cash at bank and in hand |
|
|
5,208 |
|
|
1,085 |
|
|
|
6,018 |
|
|
8,532 |
|
| Creditors: amounts falling due within one year |
|
|
(5,524) |
|
|
(14,339) |
|
| Net current assets/(liabilities) |
|
|
|
494 |
|
|
(5,807) |
|
| Net assets/(liabilities) |
|
|
|
1,108 |
|
|
(4,891) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
4 |
|
|
4 |
| Profit and loss account |
|
|
|
1,104 |
|
|
(4,895) |
|
| Shareholders' funds |
|
|
|
1,108 |
|
|
(4,891) |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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 C Sully |
| Director |
| Approved by the board on 27 June 2014 |
|
| Propona Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2014 |
|
| 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 |
33% reducing balance |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2013 |
15,616 |
|
At 31 May 2014 |
15,616 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2013 |
14,700 |
|
Charge for the year |
302 |
|
At 31 May 2014 |
15,002 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2014 |
614 |
|
At 31 May 2013 |
916 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
B Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
C Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
D Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|
