Registered Number 07329473

PROTRONICS (CAMBRIDGE) LIMITED

Abbreviated Accounts

30 September 2013

PROTRONICS (CAMBRIDGE) LIMITED Registered Number 07329473

Abbreviated Balance Sheet as at 30 September 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 130,905 138,608
Tangible assets 3 3,927 950
134,832 139,558
Current assets
Debtors 33,602 39,990
Cash at bank and in hand 26,765 18,153
60,367 58,143
Creditors: amounts falling due within one year (47,192) (53,060)
Net current assets (liabilities) 13,175 5,083
Total assets less current liabilities 148,007 144,641
Creditors: amounts falling due after more than one year (65,000) (85,000)
Provisions for liabilities (785) (190)
Total net assets (liabilities) 82,222 59,451
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 82,122 59,351
Shareholders' funds 82,222 59,451
  • For the year ending 30 September 2013 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 19 June 2014

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 2013

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 2012 154,058
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2013 154,058
Amortisation
At 1 October 2012 15,450
Charge for the year 7,703
On disposals -
At 30 September 2013 23,153
Net book values
At 30 September 2013 130,905
At 30 September 2012 138,608
3Tangible fixed assets
£
Cost
At 1 October 2012 2,761
Additions 4,846
Disposals -
Revaluations -
Transfers -
At 30 September 2013 7,607
Depreciation
At 1 October 2012 1,811
Charge for the year 1,869
On disposals -
At 30 September 2013 3,680
Net book values
At 30 September 2013 3,927
At 30 September 2012 950
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100