Company Registration No. 06878780 (England and Wales)
ProDriver Limited
Abbreviated unaudited accounts
for the year ended 30 April 2016
ProDriver Limited
Abbreviated Balance Sheet
as at
30 April 2016
Cash at bank and in hand
-
7
Creditors: amounts falling due within one year
(38,689)
(23,271)
Net current assets
12,886
16,956
Total assets less current liabilities
13,078
17,339
Creditors: amounts falling due after more than one year
(12,600)
(14,700)
Provisions for liabilities
(39)
(77)
Called up share capital
1
1
Profit and loss account
438
2,561
Total shareholders' funds
439
2,562
For the year ending 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 29 June 2016
Paul Charles Puplett
Director
Company Registration No. 06878780
ProDriver Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% on the reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
2
Tangible fixed assets
Computer equipment
Secured debts included in creditors
18,125
20,233
ProDriver Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
4
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
5
Transactions with directors
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Long term loan to the director
22,000
-
-
22,000
Interest is paid from the director to the company at the official rate. The amount received for the year to 30 April 2016 was £660 (2015: £570).