Protec Innovations Limited - Abbreviated accounts 16.3

Protec Innovations Limited - Abbreviated accounts 16.3

PROTEC INNOVATIONS LIMITED - Company Information

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REGISTERED NUMBER: 05683713 (England and Wales)




ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

PROTEC INNOVATIONS LIMITED

PROTEC INNOVATIONS LIMITED (REGISTERED NUMBER: 05683713)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PROTEC INNOVATIONS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2016







DIRECTORS: J J Henry
A D Henry
A M Henry
D J Henry
R J Henry





SECRETARY: D J Henry





REGISTERED OFFICE: Unit 3B, Seven Stars Industrial Estate
Quinns Close
Coventry
West Midlands
CV3 4LH





REGISTERED NUMBER: 05683713 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
Page 1
PROTEC INNOVATIONS LIMITED (REGISTERED NUMBER: 05683713)

ABBREVIATED BALANCE SHEET
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 132 265

CURRENT ASSETS
Debtors 35,588 96,368
Cash at bank and in hand 428,492 191,203
464,080 287,571
CREDITORS
Amounts falling due within one year 185,634 160,345
NET CURRENT ASSETS 278,446 127,226
TOTAL ASSETS LESS CURRENT
LIABILITIES
278,578
127,491

PROVISIONS FOR LIABILITIES 26 53
NET ASSETS 278,552 127,438

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 278,452 127,338
SHAREHOLDERS' FUNDS 278,552 127,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The notes form part of these abbreviated accounts

Page 2 continued...
PROTEC INNOVATIONS LIMITED (REGISTERED NUMBER: 05683713)

ABBREVIATED BALANCE SHEET - continued
30 September 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 7 February 2017 and were signed on its
behalf by:




A D Henry - Director



A M Henry - Director


The notes form part of these abbreviated accounts

Page 3
PROTEC INNOVATIONS LIMITED (REGISTERED NUMBER: 05683713)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
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
Turnover represents net invoiced sales of services, 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.

Computer equipment - 50% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 16,990
DEPRECIATION
At 1 October 2015 16,725
Charge for year 133
At 30 September 2016 16,858
NET BOOK VALUE
At 30 September 2016 132
At 30 September 2015 265

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4