Protec Enamel Limited - Abbreviated accounts 16.3

Protec Enamel Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 02944277 (England and Wales)














PROTEC ENAMEL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016






PROTEC ENAMEL LIMITED (REGISTERED NUMBER: 02944277)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PROTEC ENAMEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2016







DIRECTORS: J M Evans
R J Evans
C M Evans
M C Noel





REGISTERED OFFICE: Unit 9, Hayes Trading Estate
Hingley Road
Halesowen
West Midlands
B63 2RR





REGISTERED NUMBER: 02944277 (England and Wales)

PROTEC ENAMEL LIMITED (REGISTERED NUMBER: 02944277)

ABBREVIATED BALANCE SHEET
31ST MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 19,453 21,986
Investment property 3 940,000 940,000
959,453 961,986

CURRENT ASSETS
Stocks 3,000 8,500
Debtors 34,231 41,099
Cash at bank and in hand 22,138 42,208
59,369 91,807
CREDITORS
Amounts falling due within one year 4 755,753 738,355
NET CURRENT LIABILITIES (696,384 ) (646,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,069

315,438

CAPITAL AND RESERVES
Called up share capital 5 5 5
Revaluation reserve 219,163 219,163
Profit and loss account 43,901 96,270
SHAREHOLDERS' FUNDS 263,069 315,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

PROTEC ENAMEL LIMITED (REGISTERED NUMBER: 02944277)

ABBREVIATED BALANCE SHEET - continued
31ST MARCH 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10th February 2017 and were signed on its behalf
by:




R J Evans - Director



M C Noel - Director


PROTEC ENAMEL LIMITED (REGISTERED NUMBER: 02944277)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

The financial statements have been prepared on the going concern basis.

The directors of the associated company, Davro Steel Limited, have agreed to support the company to ensure it
meets its liabilities as they fall due.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is provided to take into acount taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred
taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which
the timing differences reverse.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

PROTEC ENAMEL LIMITED (REGISTERED NUMBER: 02944277)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MARCH 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015
and 31st March 2016 144,012
DEPRECIATION
At 1st April 2015 122,026
Charge for year 2,533
At 31st March 2016 124,559
NET BOOK VALUE
At 31st March 2016 19,453
At 31st March 2015 21,986

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1st April 2015
and 31st March 2016 940,000
NET BOOK VALUE
At 31st March 2016 940,000
At 31st March 2015 940,000

4. CREDITORS

Creditors include an amount of £ 689,882 (2015 - £ 685,818 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
5 Ordinary £1 5 5

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2016 and
31st March 2015:

2016 2015
£    £   
P J Evans
Balance outstanding at start of year 2,500 -
Amounts advanced - 2,500
Amounts repaid (2,500 ) -
Balance outstanding at end of year - 2,500