Registered Number 07329473

PROTRONICS (CAMBRIDGE) LIMITED

Abbreviated Accounts

30 September 2015

PROTRONICS (CAMBRIDGE) LIMITED Registered Number 07329473

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 115,499 123,202
Tangible assets 3 10,942 3,796
126,441 126,998
Current assets
Debtors 26,992 45,503
Cash at bank and in hand 55,469 41,548
82,461 87,051
Creditors: amounts falling due within one year (53,794) (64,298)
Net current assets (liabilities) 28,667 22,753
Total assets less current liabilities 155,108 149,751
Creditors: amounts falling due after more than one year (25,000) (45,000)
Provisions for liabilities (2,188) (759)
Total net assets (liabilities) 127,920 103,992
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 127,820 103,892
Shareholders' funds 127,920 103,992
  • For the year ending 30 September 2015 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.

Approved by the Board on 21 June 2016

And signed on their behalf by:
Mr S Watts, Director

PROTRONICS (CAMBRIDGE) LIMITED Registered Number 07329473

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents work done during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 33% Straight Line

Intangible assets amortisation policy
Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5% Straight Line

Other accounting policies
Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not yet reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Intangible fixed assets
£
Cost
At 1 October 2014 154,058
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 154,058
Amortisation
At 1 October 2014 30,856
Charge for the year 7,703
On disposals -
At 30 September 2015 38,559
Net book values
At 30 September 2015 115,499
At 30 September 2014 123,202
3Tangible fixed assets
£
Cost
At 1 October 2014 9,460
Additions 8,573
Disposals -
Revaluations -
Transfers -
At 30 September 2015 18,033
Depreciation
At 1 October 2014 5,664
Charge for the year 1,427
On disposals -
At 30 September 2015 7,091
Net book values
At 30 September 2015 10,942
At 30 September 2014 3,796
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100