Prosafe (U.K) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03961944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PROSAFE (U.K) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Dick

Mrs C A Dick

SECRETARY:

Mrs C A Dick

REGISTERED OFFICE:

Ranworth House

4 Kings Croft

Ealand Crowle

North Lincolnshire

DN17 4GA

REGISTERED NUMBER:

03961944 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

50-52 Aire Street

Goole

DN14 5QE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

993

1,169

993

1,169

CURRENT ASSETS

Debtors

6

5,934

3,653

Cash at bank

24,347

11,805

30,281

15,458

CREDITORS

Amounts falling due within one year

7

22,175

19,956

NET CURRENT ASSETS/(LIABILITIES)

8,106

(4,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,099

(3,329

)

PROVISIONS FOR LIABILITIES

169

-

NET ASSETS/(LIABILITIES)

8,930

(3,329

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

8,920

(3,339

)

SHAREHOLDERS' FUNDS

8,930

(3,329

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on its behalf by:

C Dick - Director

1.	STATUTORY INFORMATION

Prosafe (U.K) Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered

office and principle place of business at Ranworth House, 4 Kings Croft, Ealand, Crowle, DN17 4GA.

The principal activity of the company is that of health and safety consultancy.

The presentational currency of the financial statements is Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going

concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to

events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or

receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005 has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been

enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

30,000

AMORTISATION

At 1 April 2017

and 31 March 2018

30,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

6,116

DEPRECIATION

At 1 April 2017

4,947

Charge for year

176

At 31 March 2018

5,123

NET BOOK VALUE

At 31 March 2018

993

At 31 March 2017

1,169

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

5,934

2,669

Other debtors

-

984

5,934

3,653

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,445

2,324

Taxation and social security

7,799

2,193

Other creditors

11,931

15,439

22,175

19,956

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the directors £10,971 (2017: £14,479).

The loan does not attract interest and is repayable on demand.