Primary Process Consultants Ltd - Limited company accounts 11.6

REGISTERED NUMBER: SC321756 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2014

for

Primary Process Consultants Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

K B Rochford

SECRETARY:

D Davidson

REGISTERED OFFICE:

287 Links Road

Bannermill

Aberdeen

Grampian

AB24 5EZ

REGISTERED NUMBER:

SC321756 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

5 Rubislaw Terrace

Aberdeen

AB10 1XE

The director presents his report with the financial statements of the company for the year ended 30 April 2014.

DIRECTOR

K B Rochford held office during the whole of the period from 1 May 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

K B Rochford - Director

2 January 2015

TURNOVER

176,960

168,396

Cost of sales

30,259

30,786

GROSS PROFIT

146,701

137,610

Administrative expenses

3,656

4,273

OPERATING PROFIT

2

143,045

133,337

Interest receivable and similar income

1,102

1,123

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

144,147

134,460

Tax on profit on ordinary activities

3

28,829

26,937

PROFIT FOR THE FINANCIAL YEAR

115,318

107,523

CURRENT ASSETS

Debtors

6

-

3,754

Cash at bank

275,891

224,373

275,891

228,127

CREDITORS

Amounts falling due within one year

7

39,766

37,320

NET CURRENT ASSETS

236,125

190,807

TOTAL ASSETS LESS CURRENT
LIABILITIES

236,125

190,807

CAPITAL AND RESERVES

Called up share capital

8

2

Profit and loss account

9

236,123

190,805

SHAREHOLDERS' FUNDS

236,125

190,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 2 January 2015 and were signed by:

K B Rochford - 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 the net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment

-

33% on cost

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.14

30.4.13

£

Depreciation - owned assets

-

226

Director's remuneration and other benefits etc

16,980

17,414

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.14

30.4.13

£

Current tax:

UK corporation tax

28,829

26,937

Tax on profit on ordinary activities

28,829

26,937

4.

DIVIDENDS

30.4.14

30.4.13

£

Ordinary shares of £1 each

Final

70,000

5.	TANGIBLE FIXED ASSETS

Computer

Equipment

£

COST

At 1 May 2013

and 30 April 2014

894

DEPRECIATION

At 1 May 2013

and 30 April 2014

894

NET BOOK VALUE

At 30 April 2014

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade debtors

-

3,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade creditors

348

192

Taxation and social security

36,346

34,430

Other creditors

3,072

2,698

39,766

37,320

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

2

Ordinary

£1

2

9.

RESERVES

Profit

and loss

account

£

At 1 May 2013

190,805

Profit for the year

115,318

Dividends

(70,000

)

At 30 April 2014

236,123

10.	RELATED PARTY TRANSACTIONS

Mr K B Rochford controls the company by virtue of his ownership of all the shares. He operates a current

account with the company and this was in credit throughout the year.

Dividends totalling £70,000 were paid (2013 £70,000).