Prognosys Ltd - Abbreviated accounts

Registered number

04378225

Prognosys Ltd

Abbreviated Accounts

31 March 2015

Prognosys Ltd
Registered number:		04378225
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		110			147

Current assets
Debtors		55,651			71,052
Cash at bank and in hand		633,181			616,004
		688,832			687,056

Creditors: amounts falling due within one year		(80,880)			(76,420)

Net current assets			607,952			610,636

Net assets			608,062			610,783

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			608,061			610,782

Shareholders' funds			608,062			610,783

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr G Porter
Director
Approved by the board on 24 August 2015

Prognosys Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					4,328
	At 31 March 2015					4,328

	Depreciation
	At 1 April 2014					4,181
	Charge for the year					37
	At 31 March 2015					4,218

	Net book value
	At 31 March 2015					110
	At 31 March 2014					147


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1