Accounts filed on 31-12-2017


Registered number: 01752037






Protrain Racing Products Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2017
























Prepared By:
Balmer Accountancy
Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF


Protrain Racing Products Limited


ACCOUNTS
FOR THE YEAR ENDED 31/12/2017





DIRECTORS
Gary Martin Chapman
Shirley Ann Chapman



SECRETARY
Rita Beryl Chapman


REGISTERED OFFICE
6 Hillcrest Way
Buckingham Industrial Estate
Buckingham
Buckinghamshire
MK18 1HJ


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01752037



ACCOUNTANTS
Balmer Accountancy
Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF


ACCOUNTS
FOR THEYEARENDED31/12/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		21,770		14,631

CURRENT ASSETS
Stock		3,900		3,804
Debtors	4	38,307		25,199
Cash at bank and in hand		235		67
		42,442		29,070
CREDITORS: Amounts falling due within one year	5	33,679		49,540
NET CURRENT ASSETS / (LIABILITIES)			8,763		(20,470)
TOTAL ASSETS LESS CURRENT LIABILITIES			30,533		(5,839)


CREDITORS: Amounts falling due after more than one year	6		20,169		14,891

NET ASSETS / (LIABILITIES)			10,364		(20,730)

CAPITAL AND RESERVES

Called up share capital	8		20,000		20,000
Profit and loss account			(9,636)		(40,730)
SHAREHOLDERS' FUNDS			10,364		(20,730)

For the year ending 31/12/2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 19/04/2018 and signed on their behalf by



.............................
Gary Martin Chapman
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 15%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	30,128	25,199
Other debtors	1,724	-
Directors current account	6,455	-
	38,307	25,199




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
VAT	1,842	833
Directors current account	-	12,217
Bank loans and overdrafts	3,178	4,388
Credit cards	7,193	13,637
Hire purchase	3,333	-
Trade creditors	10,308	7,440
Other creditors	7,825	10,375
Accruals	-	650
	33,679	49,540




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Hire purchase >1yr	5,278	-
Other creditors > 1yr	14,891	14,891
	20,169	14,891




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
20000 Ordinary shares of £1 each	20000	20000
	20,000	20,000