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Company Registration No. 10179392 (England and Wales)
Protelos Group Limited Unaudited accounts for the year ended 31 May 2023
Protelos Group Limited Unaudited accounts Contents
Page
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Protelos Group Limited Company Information for the year ended 31 May 2023
Directors
Nicole Finucan Ramin Rouhani
Company Number
10179392 (England and Wales)
Registered Office
22 Lincoln Road Wembley London HA0 4SU United Kingdom
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Protelos Group Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,592 
2,577 
Current assets
Debtors
- 
28,956 
Cash at bank and in hand
174,216 
197,191 
174,216 
226,147 
Creditors: amounts falling due within one year
(17,556)
(39,246)
Net current assets
156,660 
186,901 
Net assets
163,252 
189,478 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
163,250 
189,476 
Shareholders' funds
163,252 
189,478 
For the year ending 31 May 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by
Nicole Finucan Director Company Registration No. 10179392
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Protelos Group Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Protelos Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10179392. The registered office is 22 Lincoln Road, Wembley, London, HA0 4SU, 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
25% Straight Line
Dividends
Dividends distributed to the company's shareholders are recognised in the financial statements in the reporting period in which the dividends are declared.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
4,330 
Additions
6,178 
At 31 May 2023
10,508 
Depreciation
At 1 June 2022
1,753 
Charge for the year
2,163 
At 31 May 2023
3,916 
Net book value
At 31 May 2023
6,592 
At 31 May 2022
2,577 
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Protelos Group Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
28,956 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,911 
452 
VAT
- 
8,151 
Taxes and social security
15,475 
30,982 
Loans from directors
(830)
(339)
17,556 
39,246 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nicole Finucan
Director's loan
339 
491 
- 
830 
339 
491 
- 
830 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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