PROVU COMMUNICATIONS LTD

Company Registration Number:
03748320 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

PROVU COMMUNICATIONS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

PROVU COMMUNICATIONS LTD

Company Information

for the Period Ended 30 April 2016




Director: Peter Bryant
Ian Godfrey
D Garland
Tim Bray
Paul Hayes
Secretary: Ian Godfrey
Registered office: Savile Mill
Savile Street
Milnsbridge
Huddersfield
HD3 4PG
Company Registration Number: 03748320 (England and Wales)

PROVU COMMUNICATIONS LTD

Directors' Report Period Ended 30 April 2016

The directors present their report with the financial statements of the company for the period ended 30 April 2016

Principal Activities

The company's principal activity during the period was the supply of CPE equipment to the VOIP industry

Directors
The directors shown below have held office during the whole of the period from
01 May 2015 to 30 April 2016
Peter Bryant
Ian Godfrey
D Garland
Tim Bray
Paul Hayes

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 06 January 2017
And Signed On Behalf Of The Board By:

Name: Ian Godfrey
Status: Director

Name: D Garland
Status: Director

PROVU COMMUNICATIONS LTD

Profit and Loss Account

for the Period Ended 30 April 2016


Notes

2016
£

2015
£
Turnover: 2 5,849,785 4,623,516
Cost of sales: ( 4,706,712 ) ( 3,655,091 )
Gross profit or (loss): 1,143,073 968,425
Administrative expenses: 3 ( 683,063 ) ( 540,384 )
Operating profit or (loss): 460,010 428,041
Interest payable and similar charges: ( 10,732 ) ( 13,381 )
Profit or (loss) on ordinary activities before taxation: 449,278 414,660
Tax on profit or (loss) on ordinary activities: 4 ( 19,056 ) ( 84,774 )
Profit or (loss) for the financial year: 430,222 329,886

The notes form part of these financial statements

PROVU COMMUNICATIONS LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

PROVU COMMUNICATIONS LTD

Balance sheet

As at 30 April 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 5 84,252 59,130
Total fixed assets: 84,252 59,130
Current assets
Stocks: 6 596,977 377,842
Debtors: 709,093 488,925
Cash at bank and in hand: 511,040 450,740
Total current assets: 1,817,110 1,317,507
Creditors: amounts falling due within one year: ( 767,161 ) ( 557,658 )
Net current assets (liabilities): 1,049,949 759,849
Total assets less current liabilities: 1,134,201 818,979
Total net assets (liabilities): 1,134,201 818,979

The notes form part of these financial statements

PROVU COMMUNICATIONS LTD

Balance sheet continued

As at 30 April 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 7 400 400
Profit and loss account: 8 1,133,801 818,579
Shareholders funds: 1,134,201 818,979

For the year ending 30 April 2016 the company was entitled to exemption 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 directors acknowledge their 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.

The financial statements were approved by the Board of Directors on 06 January 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ian Godfrey
Status: Director

Name: D Garland
Status: Director

The notes form part of these financial statements

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates designed to write off each asset over its estimated useful life.

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 2. Turnover

    Turnover represents net invoiced sales of goods, excluding value added tax

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 3. Directors' remuneration


    2016
    £

    2015
    £
    Directors' remuneration: 221,022 207,990
    TOTAL: 221,022 207,990

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 4. Taxation

    The tax charge on the profit on ordinary activities for the period was as follows:


    2016
    £

    2015
    £
    UK Corporation tax: 19,056 84,774
    Tax on profit or (loss) on ordinary activities: 19,056 84,774
    Profit or (loss) on ordinary activities before taxation: 449,278 414,660
    Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 89,856 82,932
    Expense not deductable for tax purposes: 18,521 15,643
    Accelerated capital allowances: 37,014 6,355
    Any other adjustments: ( 52,307 ) ( 7,446 )
    Current tax charge or (credit): 19,056 84,774

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 5. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 May 2015: 71,033 - 16,045 39,830 - 126,908
    Additions: 19,692 - 2,072 21,879 - 43,643
    Disposals: - - - - - 0
    Revaluations: - - - - - 0
    Transfers: - - - - - 0
    30 April 2016: 90,725 - 18,117 61,709 - 170,551
    Depreciation
    01 May 2015: 30,035 - 10,086 27,657 - 67,778
    Charge for year: 8,000 - 2,008 8,513 - 18,521
    On disposals: - - - - - 0
    Other adjustments: - - - - - 0
    30 April 2016: 38,035 - 12,094 36,170 - 86,299
    Net book value
    30 April 2016: 52,690 - 6,023 25,539 - 84,252
    30 April 2015: 40,998 - 5,959 12,173 - 59,130

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 6. Stocks


    2016
    £

    2015
    £
    Stocks of raw materials and consumables: 596,977 377,842
    Total: 596,977 377,842

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 400 1.00 400
    Preference shares: 0
    Total share capital (£): 400
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 400 1.00 400
    Preference shares: 0
    Total share capital (£): 400

PROVU COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 8. Profit and loss account


    2016
    £

    2015
    £
    Opening balance: 818,579 580,693
    Profit or (loss) for the period: 430,222 329,886
    Equity dividends paid: ( 115,000 ) ( 92,000 )
    Retained profit: 1,133,801 818,579