Abbreviated Company Accounts - PROCOURT SERVICES LIMITED

PROCOURT SERVICES LIMITED - Company Information

03953183 PROCOURT SERVICES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03953183 2013-04-01 2014-03-31 03953183 2014-03-31 03953183 2013-03-31 03953183 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03953183 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 03953183

PROCOURT SERVICES LIMITED

Abbreviated Accounts

31 March 2014

PROCOURT SERVICES LIMITED Registered Number 03953183

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,754,653	2,949,827
		3,754,653	2,949,827
Current assets
Stocks		2,024,274	2,221,241
Debtors		888,650	950,612
Cash at bank and in hand		16,079	15,547
		2,929,003	3,187,400
Creditors: amounts falling due within one year	3	(1,546,891)	(991,039)
Net current assets (liabilities)		1,382,112	2,196,361
Total assets less current liabilities		5,136,765	5,146,188
Creditors: amounts falling due after more than one year	3	(2,129,679)	(1,951,408)
Total net assets (liabilities)		3,007,086	3,194,780
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		1,852,423	1,852,423
Profit and loss account		1,154,563	1,342,257
Shareholders' funds		3,007,086	3,194,780

For the year ending 31 March 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2014

And signed on their behalf by:
Mark Hunt, Director

PROCOURT SERVICES LIMITED Registered Number 03953183

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Freehold buildings - straight line over the life of the asset
Improvements to property - 5% straight line on cost
Plant & Machinery -15% on reducing balance
Fixtures & Fittings -15% on reducing balance
Equipment -10% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,228,371
Additions	857,470
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	4,085,841
Depreciation
At 1 April 2013	278,544
Charge for the year	52,644
On disposals	-
At 31 March 2014	331,188
Net book values
At 31 March 2014	3,754,653
At 31 March 2013	2,949,827

3Creditors

	2014 £	2013 £
Secured Debts	2,549,755	2,650,901

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100