Proak Ltd - Limited company - abbreviated - 11.6

Proak Ltd - Limited company - abbreviated - 11.6

PROAK LIMITED - Company Information

Print Friendly Version

05913398 1.4.13 31.3.14 31.3.14 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059133982013-03-31059133982014-03-31059133982013-04-012014-03-31059133982012-03-31059133982012-04-012013-03-31059133982013-03-3105913398ns12:England2013-04-012014-03-3105913398ns14:PoundSterling2013-04-012014-03-3105913398ns7:Director12013-04-012014-03-3105913398ns7:OrdinaryShareClass12013-04-012014-03-3105913398ns7:OrdinaryShareClass12014-03-3105913398ns7:OrdinaryShareClass12013-03-31
REGISTERED NUMBER: 05913398 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PROAK LTD

PROAK LTD (REGISTERED NUMBER: 05913398)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Abbreviated balance sheet 1

Notes to the abbreviated accounts 2

PROAK LTD (REGISTERED NUMBER: 05913398)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £   
Current assets
Stocks 5,571 8,196
Debtors 91,137 95,213
Cash at bank 2,331 11,943
99,039 115,352
Creditors
Amounts falling due within one year 60,591 76,080
Net current assets 38,448 39,272
Total assets less current liabilities 38,448 39,272

Capital and reserves
Called up share capital 2 1 1
Profit and loss account 38,447 39,271
Shareholders' funds 38,448 39,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3 December 2014 and were signed by:





Mr M Curtis - Director


The notes form part of these abbreviated accounts

-1-
PROAK LTD (REGISTERED NUMBER: 05913398)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


1. Accounting policies

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The company is a wholly owned subsidiary and the parent company has taken the option under S398 of the Companies Act
2006 not to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of building supplies, excluding value added tax.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

2. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

3. Ultimate parent company

Redtale Holdings Ltd. is regarded by the director as being the company's ultimate parent company.

-2-