Proframe Manufacturing Ltd
Proframe Manufacturing Ltd
Registered number: 05325126
Financial Statements
For The Year Ended 31 July 2017
Integrity Partnership
Chartered Certified Accountants
Sigma House
Hadley Park East
Telford
Shropshire
TF1 6QJ
Proframe Manufacturing Ltd
Financial Statements
For The Year Ended 31 July 2017
Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Proframe Manufacturing Ltd
Balance Sheet
As at
31 July 2017
Balance Sheet
Registered number:
05325126
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Stocks | 2 |
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Debtors | 3 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 8,552 | 9,144 | |||
Page 1
Proframe Manufacturing Ltd
Balance Sheet (continued)
As at
31 July 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Proframe Manufacturing Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 July 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Stocks
2017 | 2016 | ||
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£ | £ | ||
Stock - materials and work in progress | 8,091 | - | |
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3.
Debtors
2017 | 2016 | ||
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£ | £ | ||
Due within one year | |||
VAT |
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Director's loan account | 9,000 | - | |
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4.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 | ||
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£ | £ | ||
Trade creditors |
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Accruals and deferred income |
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5.
Share Capital
Value | Number | 2017 | 2016 | ||
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Allotted, called up and fully paid | £ | £ | £ | ||
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100 | 100 | |
Page 3
Proframe Manufacturing Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 July 2017
6.
Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
As at |
Amounts advanced | Amounts repaid | As at |
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£ | £ | £ | £ | |
Mr John Howarth |
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The above loan is unsecured, interest free and repayable on demand.
7.
Ultimate Controlling Party
The company's ultimate controlling party is Mr J Howarth by virtue of his ownership of 80% of the issued share capital in the company.
8.
General Information
Proframe Manufacturing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05325126 . The registered office is Unit H3, Halesfield 19, Telford, Shropshire, TF7 4QT.
Page 4