Profern Limited - Accounts to registrar - small 17.2

Profern Limited - Accounts to registrar - small 17.2

PROFERN LIMITED - Company Information

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REGISTERED NUMBER: 04968678 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PROFERN LIMITED

PROFERN LIMITED (REGISTERED NUMBER: 04968678)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROFERN LIMITED

COMPANY INFORMATION
for the year ended 31 December 2016







DIRECTOR: Mrs R Priestley





SECRETARY:





REGISTERED OFFICE: Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD





REGISTERED NUMBER: 04968678 (England and Wales)





ACCOUNTANTS: CHF Accountancy Ltd
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD
Page 1
PROFERN LIMITED (REGISTERED NUMBER: 04968678)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 4 141 -

CURRENT ASSETS
Debtors 5 146,528 34,970
Cash at bank 29,232 52,218
175,760 87,188
CREDITORS
Amounts falling due within one year 6 (70,347 ) (55,555 )
NET CURRENT ASSETS 105,413 31,633
TOTAL ASSETS LESS CURRENT
LIABILITIES
105,554
31,633

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 105,553 31,632
SHAREHOLDERS' FUNDS 105,554 31,633

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

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

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 September 2017 and were signed by:





Mrs R Priestley - Director


The notes form part of these financial statements

Page 2
PROFERN LIMITED (REGISTERED NUMBER: 04968678)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2016


1. STATUTORY INFORMATION

Profern Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
PROFERN LIMITED (REGISTERED NUMBER: 04968678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2016


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 225
At 31 December 2016 225
DEPRECIATION
Charge for year 84
At 31 December 2016 84
NET BOOK VALUE
At 31 December 2016 141

5. DEBTORS
2016 2015
£    £   
Amounts falling due within one year:
Trade debtors - 29,013
Other debtors 138,248 5,957
138,248 34,970

Amounts falling due after more than one year:
Other debtors 8,280 -

Aggregate amounts 146,528 34,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 251 397
Taxation and social security 69,032 26,476
Other creditors 1,064 28,682
70,347 55,555

Page 4 continued...
PROFERN LIMITED (REGISTERED NUMBER: 04968678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2016


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2016 2015
£    £   
Mrs R Priestley
Balance outstanding at start of year - -
Amounts advanced 138,120 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 138,120 -

Page 5