PRODIX LTD - Accounts

	Registered number
	09146168

	PRODIX LTD
	Abbreviated Unaudited Accounts
	for the year ended
	31 July 2016

PRODIX LTD Balance Sheet as at 31 July 2016
	Notes		2016 £		2015 £
Current assets
Stocks		125,143		0
Debtors		934,996		1,093,887
Cash at bank and in hand		470,441		22,508
		1,530,580		1,116,395

Creditors: amounts falling due within one year		1,579,726		1,116,397

Net current assets / (liabilities)			(49,146)		(2)

Total assets less current liabilities			(49,146)		(2)

Total net assets (liabilities)			(49,146)		(2)

Capital and reserves
Called up share capital	2		1,000		1,000
Profit and loss account			(50,146)		(1,002)
Shareholders' funds			(49,146)		(2)

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

For the year ending 31 July 2016 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.

Signed on behalf of the board of directors

...............................

K CONSTANTINOU

Director

Approved by the board on 29 June 2017

Company No: 09146168 (England and Wales)

1.	Accounting policies
	Basis of accounting The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
	Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year.
	Stocks and work in progress Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
	Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating profit.
	Financial instruments

	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

	Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

	Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

	Related Party Transaction
	No one party had control of the company throughout the period.

Share capital
	2016	2015
	£	£
Allotted, called up and fully paid:
1,000 (2015: 1,000) Ordinary Share shares of £1.00 each	1,000	1,000

	1,000	1,000