PROACTIVE_SAFETY_ADVISORY - Accounts

PROACTIVE SAFETY ADVISORY SERVICES LTD - Company Information

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Company Registration No. SC425045 (Scotland)

PROACTIVE SAFETY ADVISORY SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

PROACTIVE SAFETY ADVISORY SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PROACTIVE SAFETY ADVISORY SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

7,103

8,258

Investments

10,023

17,126

8,258

Current assets

Debtors

19,416

9,286

Cash at bank and in hand

206,277

110,289

225,693

119,575

Creditors: amounts falling due within one year

(60,173)

(44,008)

Net current assets

165,520

75,567

Total assets less current liabilities

182,646

83,825

Provisions for liabilities

(1,279)

(1,652)

181,367

82,173

Capital and reserves

Called up share capital

Profit and loss account

181,327

82,133

Shareholders' funds

181,367

82,173

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2017

Mr D Anderson

Director

Company Registration No. SC425045

PROACTIVE SAFETY ADVISORY SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for safety advice services net of VAT and trade discounts.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.

PROACTIVE SAFETY ADVISORY SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2015

18,850

Additions

1,215

10,023

11,238

At 30 June 2016

20,065

10,023

30,088

Depreciation

At 1 July 2015

10,592

Charge for the year

2,370

At 30 June 2016

12,962

Net book value

At 30 June 2016

7,103

10,023

17,126

At 30 June 2015

8,258

Share capital

2016

2015

Allotted, called up and fully paid

40 Ordinary 'A' Shares of £1 each