Company Registration No. 06878780 (England and Wales)
ProDriver Limited
Unaudited accounts
for the year ended 30 April 2017
ProDriver Limited
Unaudited accounts
Contents
ProDriver Limited
Company Information
for the year ended 30 April 2017
Director
Paul Charles Puplett
Secretary
Elizabeth Karren Cooper
Company Number
06878780 (England and Wales)
Registered Office
The Old House 8 Church Road
Aldingbourne
Chichester
West Sussex
PO20 3TT
Accountants
Samantha Thompson Limited
1 Halliford Drive
Barnham
Bognor Regis
PO22 0AB
ProDriver Limited
Statement of financial position
as at
30 April 2017
Cash at bank and in hand
6,399
-
Creditors: amounts falling due within one year
(47,153)
(38,689)
Net current assets
4,160
12,886
Total assets less current liabilities
4,256
13,078
Creditors: amounts falling due after more than one year
-
(12,600)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
4,255
438
Shareholders' funds
4,256
439
For the year ending 30 April 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 18 May 2017.
Paul Charles Puplett
Director
Company Registration No. 06878780
ProDriver Limited
Notes to the Accounts
for the year ended 30 April 2017
ProDriver Limited is a private company, limited by shares, registered in England and Wales, registration number 06878780. The registered office and principal place of business is The Old House 8 Church Road, Aldingbourne, Chichester, West Sussex, PO20 3TT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Income is recognised when services have been performed for customers. Turnover represents the value, net of VAT and discounts, of work carried out in respect of those services.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ProDriver Limited
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Trade debtors
17,414
24,075
Other debtors
27,500
27,500
Amounts due after more than one year
27,500
27,500
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
15,067
5,525
Trade creditors
790
2,644
Corporation tax
6,773
5,098
Other taxes and social security costs
15,928
16,900
Loans from directors
3,633
703
7
Creditors: amounts falling due after more than one year
2017
2016
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
ProDriver Limited
Notes to the Accounts
for the year ended 30 April 2017
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 3%. The amount received for the year to 30 April 2017 was £660 (2016: £660).
10
Average number of employees
During the year the average number of employees was 5 (2016: 5).