Probar Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02090191 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

Probar Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A R P Barons

SECRETARY:

Mrs J R Renfree-Barons

REGISTERED OFFICE:

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

REGISTERED NUMBER:

02090191 (England and Wales)

ACCOUNTANTS:

W R Frost & Co

Chartered Accountants

Riversdale

Ashburton Road

TOTNES

Devon

TQ9 5JU

FIXED ASSETS

Tangible assets

3

3,920

2,190

CURRENT ASSETS

Stocks

2,000

6,900

Debtors

4

5,519

4,954

Cash at bank and in hand

5,836

3,114

13,355

14,968

CREDITORS

Amounts falling due within one year

5

12,959

14,777

NET CURRENT ASSETS

396

191

TOTAL ASSETS LESS CURRENT LIABILITIES

4,316

2,381

PROVISIONS FOR LIABILITIES

704

354

NET ASSETS

3,612

2,027

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,612

1,027

SHAREHOLDERS' FUNDS

3,612

2,027

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 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 5 December 2018 and were signed by:

Mr A R P Barons - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Turnover represents the net invoiced sales of goods, 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.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

12,358

15,007

27,365

Additions

2,295

-

2,295

At 31 March 2018

14,653

15,007

29,660

DEPRECIATION

At 1 April 2017

10,233

14,942

25,175

Charge for year

549

16

565

At 31 March 2018

10,782

14,958

25,740

NET BOOK VALUE

At 31 March 2018

3,871

49

3,920

At 31 March 2017

2,125

65

2,190

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Trade debtors

5,180

3,488

Other debtors

339

1,466

5,519

4,954

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

as restated

£

£

Trade creditors

-

4,763

Taxation and social security

1,267

97

Other creditors

11,692

9,917

12,959

14,777

6.	RELATED PARTY DISCLOSURES

The company is under the control of the director, Mr A R P Barons, who owns all the issued share capital of the

company.