Prosma Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06804034 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Prosma Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S A Pohlmann

SECRETARY:

S A Pohlmann

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

06804034 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

HSBC

21 Market Place

GAINSBOROUGH

Lincolnshire

DN21 2BU

CURRENT ASSETS

Debtors

13,364

4,436

Cash at bank

2,267

4,247

15,631

8,683

CREDITORS

Amounts falling due within one year

17,254

9,375

NET CURRENT LIABILITIES

(1,623

)

(692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,623

)

(692

)

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

(1,624

)

(693

)

SHAREHOLDERS' FUNDS

(1,623

)

(692

)

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 23 December 2014 and were signed by:

S A Pohlmann - Director

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).

Turnover

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company pays sub-contractor charges to S A Pohlman's Sole trader business in Croatia

at a commercial rate amounting to £107,000 (2013 : £128,200).