Company Registration No. 08085326 (England and Wales)
Propellio Limited
Unaudited accounts
for the year ended 31 December 2021
Propellio Limited
Company Information
for the year ended 31 December 2021
Director
Babalola Daramola
Company Number
08085326 (England and Wales)
Registered Office
Office 9, Dalton House
60 Windsor Avenue
London
SW19 2RR
United Kingdom
Accountants
Premier UK Business LLP
5th Floor 22 Eastcheap
London
England
EC3M 1EU
Propellio Limited
Statement of financial position
as at 31 December 2021
Tangible assets
4,806
3,913
Cash at bank and in hand
1,377
118
Creditors: amounts falling due within one year
(39,113)
(3,468)
Net current liabilities
(35,725)
(1,817)
Total assets less current liabilities
(30,919)
2,096
Creditors: amounts falling due after more than one year
(12,261)
(14,000)
Net liabilities
(43,180)
(11,904)
Called up share capital
2,000
2,000
Profit and loss account
(45,180)
(13,904)
Shareholders' funds
(43,180)
(11,904)
For the year ending 31 December 2021 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.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Babalola Daramola
Director
Company Registration No. 08085326
Propellio Limited
Notes to the Accounts
for the year ended 31 December 2021
Propellio Limited is a private company, limited by shares, registered in England and Wales, registration number 08085326. The registered office is Office 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR, 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 remained unchanged from the previous year, and also 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:
Computer Equipment - Straight line 33%
Motor Vehicle - Reducing balance 25%
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
2,085
8,076
10,161
At 31 December 2021
2,085
11,764
13,849
At 1 January 2021
521
5,727
6,248
Charge for the year
391
2,404
2,795
At 31 December 2021
912
8,131
9,043
At 31 December 2021
1,173
3,633
4,806
At 31 December 2020
1,564
2,349
3,913
Propellio Limited
Notes to the Accounts
for the year ended 31 December 2021
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
39,113
3,468
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).