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Company Registration No. 09704209 (England and Wales)
Prognet Ltd Unaudited accounts for the year ended 31 July 2023
Prognet Ltd Unaudited accounts Contents
Page
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Prognet Ltd Company Information for the year ended 31 July 2023
Director
Muhammad Atiqe Ur Rahman
Company Number
09704209 (England and Wales)
Registered Office
2A HOWITT ROAD BELSIZE PARK LONDON NW3 4LL ENGLAND
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Prognet Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
348 
424 
Current assets
Cash at bank and in hand
967 
1,072 
Creditors: amounts falling due within one year
(7,670)
(18,782)
Net current liabilities
(6,703)
(17,710)
Total assets less current liabilities
(6,355)
(17,286)
Creditors: amounts falling due after more than one year
(18,782)
- 
Net liabilities
(25,137)
(17,286)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(25,138)
(17,287)
Shareholders' funds
(25,137)
(17,286)
For the year ending 31 July 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 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 12 March 2024 and were signed on its behalf by
Muhammad Atiqe Ur Rahman Director Company Registration No. 09704209
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Prognet Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Prognet Ltd is a private company, limited by shares, registered in England and Wales, registration number 09704209. The registered office is 2A HOWITT ROAD, BELSIZE PARK, LONDON, NW3 4LL, ENGLAND.
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
18
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,550 
At 31 July 2023
1,550 
Depreciation
At 1 August 2022
1,126 
Charge for the year
76 
At 31 July 2023
1,202 
Net book value
At 31 July 2023
348 
At 31 July 2022
424 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
7,670 
- 
Loans from directors
- 
18,782 
7,670 
18,782 
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Prognet Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
18,782 
- 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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