Registered Number 07329473

PROTRONICS (CAMBRIDGE) LIMITED

Abbreviated Accounts

30 September 2016

PROTRONICS (CAMBRIDGE) LIMITED Registered Number 07329473

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 107,796 115,499
Tangible assets 3 7,356 10,942
115,152 126,441
Current assets
Debtors 15,501 26,992
Cash at bank and in hand 34,407 55,469
49,908 82,461
Creditors: amounts falling due within one year (37,607) (53,794)
Net current assets (liabilities) 12,301 28,667
Total assets less current liabilities 127,453 155,108
Creditors: amounts falling due after more than one year (25,000) (25,000)
Provisions for liabilities (1,471) (2,188)
Total net assets (liabilities) 100,982 127,920
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 100,882 127,820
Shareholders' funds 100,982 127,920
  • For the year ending 30 September 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.

Approved by the Board on 27 June 2017

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 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 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 2015 154,058
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 154,058
Amortisation
At 1 October 2015 38,559
Charge for the year 7,703
On disposals -
At 30 September 2016 46,262
Net book values
At 30 September 2016 107,796
At 30 September 2015 115,499
3Tangible fixed assets
£
Cost
At 1 October 2015 18,033
Additions 1,446
Disposals (352)
Revaluations -
Transfers -
At 30 September 2016 19,127
Depreciation
At 1 October 2015 7,091
Charge for the year 4,907
On disposals (227)
At 30 September 2016 11,771
Net book values
At 30 September 2016 7,356
At 30 September 2015 10,942
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100