Pro Tech Assist Ltd 31/03/2018 iXBRL

Pro Tech Assist Ltd 31/03/2018 iXBRL

PROTECH ASSIST LTD - Company Information

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Company registration number: 07402619
Pro Tech Assist Ltd
Financial statements
31 March 2018
Pro Tech Assist Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Pro Tech Assist Ltd
Directors and other information
Director Mr Robert Walker
Company number 07402619
Registered office 10 Delme Drive
Fareham
Hampshire
PO16 8SQ
Accountants Arthur Daniels & Company
227A West Street
Fareham
PO16 0HZ
Pro Tech Assist Ltd
Chartered accountants report to the director on the preparation of the
statutory financial statements of Pro Tech Assist Ltd
Year ended 31 March 2018
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Arthur Daniels & Company
Chartered Accountants
227A West Street
Fareham
PO16 0HZ
11 October 2018
Pro Tech Assist Ltd
Statement of financial position
31 March 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 1,511 2,014
_______ _______
1,511 2,014
Current assets
Debtors 6 23,107 15,511
Cash at bank and in hand 223,043 165,293
_______ _______
246,150 180,804
Creditors: amounts falling due
within one year 7 ( 71,675) ( 62,774)
_______ _______
Net current assets 174,475 118,030
_______ _______
Total assets less current liabilities 175,986 120,044
_______ _______
Net assets 175,986 120,044
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 175,985 120,043
_______ _______
Shareholders funds 175,986 120,044
_______ _______
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 October 2018 , and are signed on behalf of the board by:
Mr Robert Walker
Director
Company registration number: 07402619
Pro Tech Assist Ltd
Statement of changes in equity
Year ended 31 March 2018
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2016 1 84,611 84,612
Profit for the year 46,232 46,232
_______ _______ _______
Total comprehensive income for the year - 46,232 46,232
Dividends paid and payable ( 10,800) ( 10,800)
_______ _______ _______
Total investments by and distributions to owners - ( 10,800) ( 10,800)
_______ _______ _______
At 31 March 2017 and 1 April 2017 1 120,043 120,044
Profit for the year 66,742 66,742
_______ _______ _______
Total comprehensive income for the year - 66,742 66,742
Dividends paid and payable ( 10,800) ( 10,800)
_______ _______ _______
Total investments by and distributions to owners - ( 10,800) ( 10,800)
_______ _______ _______
At 31 March 2018 1 175,985 175,986
_______ _______ _______
Pro Tech Assist Ltd
Notes to the financial statements
Year ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 10 Delme Drive, Fareham, Hampshire, PO16 8SQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Tangible assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2017 and 31 March 2018 10,168
_______
Depreciation
At 1 April 2017 8,154
Charge for the year 503
_______
At 31 March 2018 8,657
_______
Carrying amount
At 31 March 2018 1,511
_______
At 31 March 2017 2,014
_______
6. Debtors
2018 2017
£ £
Trade debtors 22,560 14,973
Other debtors 547 538
_______ _______
23,107 15,511
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Corporation tax 15,584 11,702
Social security and other taxes 7,208 6,283
Other creditors 48,883 44,789
_______ _______
71,675 62,774
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2018
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Robert Walker ( 40,875) ( 5,853) - ( 46,728)
_______ _______ _______ _______
2017
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Robert Walker ( 41,031) - 156 ( 40,875)
_______ _______ _______ _______
9. Controlling party
The ultimate controlling party during the year was the director and shareholder, Robert Walker.