Registration number:
for the Year Ended
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
Propnology Limited
Contents
Company Information |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Financial Statements |
Propnology Limited
Company Information
Directors |
|
Registered office |
|
Bankers |
|
Accountants |
|
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Propnology Limited
for the Year Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Propnology Limited for the year ended 31 December 2016 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
It is your duty to ensure that Propnology Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Propnology Limited. You consider that Propnology Limited is exempt from the statutory audit requirement for the year.
......................................
Chartered Accountants
Propnology Limited
(Registration number: 09128026)
Balance Sheet as at 31 December 2016
Note |
31 December 2016 |
31 December 2015 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Tangible assets |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
- |
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
|
|
Directors' responsibilities:
• |
|
• |
|
Propnology Limited
(Registration number: 09128026)
Balance Sheet as at 31 December 2016
Approved and authorised by the
.........................................
O Angel
Director
.........................................
P Lamm
Director
Propnology Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
Basis of preparation
Tax
Tangible assets
Depreciation
Asset class |
Depreciation method and rate |
Office equipment |
|
Intangible assets
Propnology Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Cash and cash equivalents
Share capital
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Website development costs |
Total |
|
Cost or valuation |
||
At 1 January 2016 |
|
|
Additions |
|
|
At 31 December 2016 |
|
|
Amortisation |
||
Amortisation charge |
|
|
At 31 December 2016 |
|
|
Carrying amount |
||
At 31 December 2016 |
|
|
At 31 December 2015 |
|
|
Propnology Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Tangible assets |
Office equipment |
Total |
|
Cost or valuation |
||
At 1 January 2016 |
|
|
Additions |
|
|
At 31 December 2016 |
|
|
Depreciation |
||
At 1 January 2016 |
|
|
Charge for the period |
|
|
At 31 December 2016 |
|
|
Carrying amount |
||
At 31 December 2016 |
|
|
At 31 December 2015 |
|
|
Debtors |
31 December 2016 |
31 December 2015 |
|
Other debtors |
|
|
Total current trade and other debtors |
|
|
Creditors |
Note |
31 December 2016 |
31 December 2015 |
|
Due within one year |
|||
Bank loans and overdrafts |
|
|
|
Other creditors |
|
|
|
|
|
||
Due after one year |
|||
Loans and borrowings |
- |
|
Propnology Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Loans and borrowings |
31 December 2016 |
31 December 2015 |
|
Non-current loans and borrowings |
||
Directors' current accounts |
- |
|
31 December 2016 |
31 December 2015 |
|
Current loans and borrowings |
||
Bank overdrafts |
|
- |
Directors' current accounts |
|
|
|
|
Related party transactions |
Transactions with directors |
2016 |
At 1 January 2016 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
Written off |
Waived |
At 31 December 2016 |
|
|
||||||||
|
(31,970) |
|
( |
- |
- |
- |
( |
|
2015 |
At 14 July 2014 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
Written off |
Waived |
At 31 December 2015 |
|
|
||||||||
|
- |
|
( |
- |
- |
- |
( |
|
Transition to FRS 102 |