Company Registration No. 10508070 (England and Wales)
PROTEA SUPPLY CHAIN SERVICES LIMITED
Unaudited accounts
for the period from 2 December 2016 to 31 December 2017
PROTEA SUPPLY CHAIN SERVICES LIMITED
Unaudited accounts
Contents
PROTEA SUPPLY CHAIN SERVICES LIMITED
Company Information
for the period from 2 December 2016 to 31 December 2017
Company Number
10508070 (England and Wales)
Registered Office
5 BYFORD WAY
BIRMINGHAM
B37 7GH
UNITED KINGDOM
PROTEA SUPPLY CHAIN SERVICES LIMITED
Accountants' report
Accountants' report to the director of PROTEA SUPPLY CHAIN SERVICES LIMITED on the preparation of the unaudited statutory accounts for the period from 2 December 2016 to 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PROTEA SUPPLY CHAIN SERVICES LIMITED for the period from
2 December 2016 to
31 December 2017 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PROTEA SUPPLY CHAIN SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 30 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of PROTEA SUPPLY CHAIN SERVICES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PROTEA SUPPLY CHAIN SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PROTEA SUPPLY CHAIN SERVICES 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 profit of PROTEA SUPPLY CHAIN SERVICES LIMITED. You consider that PROTEA SUPPLY CHAIN SERVICES LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of PROTEA SUPPLY CHAIN SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PROTEA SUPPLY CHAIN SERVICES LIMITED
Statement of financial position
as at
31 December 2017
Cash at bank and in hand
4,449
Creditors: amounts falling due within one year
(9,195)
Net current liabilities
(4,746)
Profit and loss account
13,312
Shareholders' funds
13,312
For the period ending 31 December 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 August 2018.
T. Snyman
Director
Company Registration No. 10508070
PROTEA SUPPLY CHAIN SERVICES LIMITED
Notes to the Accounts
for the period from 2 December 2016 to 31 December 2017
PROTEA SUPPLY CHAIN SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10508070. The registered office is 5 BYFORD WAY, BIRMINGHAM, B37 7GH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
20,500
950
21,450
At 31 December 2017
20,500
950
21,450
Charge for the period
3,075
317
3,392
At 31 December 2017
3,075
317
3,392
At 31 December 2017
17,425
633
18,058
5
Creditors: amounts falling due within one year
2017
Taxes and social security
9,195
Loans from directors
(30,400)
PROTEA SUPPLY CHAIN SERVICES LIMITED
Notes to the Accounts
for the period from 2 December 2016 to 31 December 2017
6
Transactions with related parties
Mr T. Snyman owns 100% of shares and has received £24,450 of dividends during the year.
7
Average number of employees
During the period the average number of employees was 0.