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PRO SYSTEMS LIMITED - Company Information

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Pro Systems Limited

Registered Number:09071424

For the year ended 30 June 2017

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2017

Pro Systems Limited

Contents Page

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Statement of Financial Position

3 to 5

Notes to the Financial Statements

As at 30 June 2017

Pro Systems Limited

Statement of Financial Position

Registered Number :

09071424

2016

2017

Notes

Fixed assets

Property, plant and equipment

12,058

14,865

12,058

14,865

Current assets

Inventories

1,875

1,995

Trade and other receivables

5,287

6,624

8,901

Cash and cash equivalents

4,603

13,222

16,063

Trade and other payables: amounts falling due

within one year

(21,879)

(19,013)

(5,816)

(5,791)

Net current liabilities

Total assets less current liabilities

6,267

9,049

Trade and other payables: amounts falling due

after more than one year

(9,031)

(5,990)

277

Net assets

Capital and reserves

Called up share capital

Retained earnings

276

277

Shareholders' funds

For the year ended 30 June 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the

company as at the end of each financial year and of its profit or loss for each financial year in

accordance with the requirements of Section 394 and 395 and which otherwise comply with

the requirements of the Companies Act 2006 relating to financial statements, so far as

applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been

delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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For the year ended 30 June 2017

Pro Systems Limited

Statement of Financial Position Continued

Jordan Michael Brooks Director

These financial statements were approved and authorised for issue by the Board on 22 November 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2017

Pro Systems Limited

Notes to the Financial Statements

Statutory Information

Pro Systems Limited is a private limited company, limited by shares, domiciled in England and

Wales, registration number 09071424.

Registered address:

161 Buxton Road

Spixworth

Norwich

NR10 3PL

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section

1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the

UK and Republic of Ireland' and the Companies Act 2006. The financial statements have

been prepared under the historical costs convention as modified by the revaluation of certain

assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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For the year ended 30 June 2017

Pro Systems Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor

vehicles

Cost or

valuation

At 01 July 2016

20,450

3,930

16,520

1,213

Additions

At 30 June 2017

16,520

5,143

21,663

Provision for depreciation and impairm

ent

At 01 July 2016

5,585

1,455

4,130

Charge for year

4,020

922

3,098

At 30 June 2017

9,605

2,377

7,228

At 30 June 2017

Net book value

9,292

2,766

12,058

At 30 June 2016

12,390

2,475

14,865

3. Trade and other receivables

2016

2017

Trade debtors

5,398

4,337

Other debtors

1,226

950

5,287

6,624

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

4,036

1,592

Taxation and social security

10,351

3,052

Other creditors

4,626

17,235

19,013

21,879

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Other creditors

5,990

9,031

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For the year ended 30 June 2017

Pro Systems Limited

Notes to the Financial Statements Continued

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