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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
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Propellio Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,806 
3,913 
Current assets
Debtors
2,011 
1,533 
Cash at bank and in hand
1,377 
118 
3,388 
1,651 
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)
Capital and reserves
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
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Propellio Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
3,688 
3,688 
At 31 December 2021
2,085 
11,764 
13,849 
Depreciation
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 
Net book value
At 31 December 2021
1,173 
3,633 
4,806 
At 31 December 2020
1,564 
2,349 
3,913 
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Propellio Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors
2021 
2020 
£ 
£ 
Amounts falling due within one year
VAT
493 
- 
Other debtors
1,518 
1,533 
2,011 
1,533 
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 
£ 
£ 
Bank loans
12,261 
14,000 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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