Registered number: 06941453 | ||||||||
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FOR THE YEAR ENDED 30 JUNE 2017 | ||||||||
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Prepared By: | ||||||||
Stroud Accountancy and Taxation Services Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Glenmore | ||||||||
Wells Road | ||||||||
Eastcombe, Stroud | ||||||||
Gloucestershire | ||||||||
GL6 7EE |
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Problast Systems Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2017 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06941453 | ||||||||
ACCOUNTANTS | ||||||||
Stroud Accountancy and Taxation Services Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Glenmore | ||||||||
Wells Road | ||||||||
Eastcombe, Stroud | ||||||||
Gloucestershire | ||||||||
GL6 7EE |
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Problast Systems Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - | |||||||
Accountants' Report | - |
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Problast Systems Ltd | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 | 17,058 | 18,741 | |||||||
Cash at bank and in hand |
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68,673 | 77,728 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 4,776 | 19,910 | |||||||
NET CURRENT ASSETS | 63,897 | 57,818 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 105,238 | 96,554 | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | 8,268 | 7,748 | |||||||
NET ASSETS | 96,970 | 88,806 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | 2 | 2 | |||||||
Profit and loss account | 96,968 | 88,804 | ||||||||
SHAREHOLDERS' FUNDS |
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88,806 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Problast Systems Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | reducing balance 20% | |||||||
Equipment | straight line 33% |
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 July 2016 | 92,882 | 5,610 | 98,492 | |||
Additions | 18,615 | 698 | 19,313 | |||
Disposals | (19,900) | - | (19,900) | |||
At 30 June 2017 | 91,597 | 6,308 | 97,905 | |||
Depreciation | ||||||
At 1 July 2016 | 55,763 | 3,993 | 59,756 | |||
Disposals | (14,740) | - | (14,740) | |||
For the year | 10,115 | 1,433 | 11,548 | |||
At 30 June 2017 | 51,138 | 5,426 | 56,564 | |||
Net Book Amounts | ||||||
At 30 June 2017 |
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At 30 June 2016 |
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3. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 2,892 | 5,546 | ||||||
VAT | 1,596 | - | ||||||
Other debtors | 12,000 | 12,000 | ||||||
Prepayments | 570 | 1,195 | ||||||
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Problast Systems Ltd | ||||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 3,494 | 10,621 | ||||||
VAT | - | 6,607 | ||||||
Directors current account | 182 | 1,357 | ||||||
Accruals | 1,100 | 1,325 | ||||||
4,776 | 19,910 | |||||||
5. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 2 | 1 | ||||
6. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 8,268 | 7,748 | ||||||
8,268 | 7,748 | |||||||
7. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | |||||||
2 | 2 | |||||||
8. CONTROLLING PARTY | ||||||||
The company is controlled by the directors, V J Mulligan and T P Squibb, by virtue of their ownership of 50 % each of the ordinary voting called up share capital. | ||||||||