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Registered Number: 07745180


 

 

 

PROSTECK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Directors Mr. Ravi Kumar POLAMPELLI
Swapna PULLEMLA
Registered Number 07745180
Registered Office 3A Chestnut Avenue
Slough
SL3 7DE
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 August 2023.
Principal activities
The Principal activity of the company during the financial year continued to be providing information technology consultancy services.
Directors
The directors who served the company throughout the year were as follows:
Mr. Ravi Kumar POLAMPELLI (from 18/08/2011)
Swapna PULLEMLA (from 27/01/2017)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr. Ravi Kumar POLAMPELLI
Director

Date approved: 19 April 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 (2,326)   660 
(2,326)   660 
Current assets      
Debtors: amounts falling due within one year 4 28,234    48,458 
Cash at bank and in hand 11,100    27,559 
39,334    76,017 
Creditors: amount falling due within one year 5 (16,491)  
Net current assets 22,843    76,017 
 
Total assets less current liabilities 20,517    76,677 
Creditors: amount falling due after more than one year 6 (19,811)   (26,732)
Net assets 706    49,945 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 606    49,845 
Shareholder's funds 706    49,945 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 19 April 2024 and were signed on its behalf by:


-------------------------------
Mr. Ravi Kumar POLAMPELLI
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2021 100  101,479  101,579 
Profit for the year (11,634) (11,634)
Total comprehensive income for the year (11,634) (11,634)
Dividends (40,000) (40,000)
Total investments by and distributions to owners (40,000) (40,000)
At 31 August 2022 100  49,845  49,945 
At 01 September 2022 100  49,844  49,944 
Profit for the year (13,639) (13,639)
Total comprehensive income for the year (13,639) (13,639)
Dividends (35,599) (35,599)
Total investments by and distributions to owners (35,599) (35,599)
At 31 August 2023 100  606  706 
4
General Information
PROSTECK LTD is a private company, limited by shares, registered in , registration number 07745180, registration address 3A Chestnut Avenue, Slough, SL3 7DE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 September 2022 1,667    2,580    4,247 
Additions    
Disposals (1,667)   (1,945)   (3,612)
At 31 August 2023   635    635 
Depreciation
At 01 September 2022 626    2,961    3,587 
Charge for year   1,945    1,945 
On disposals (626)   (1,945)   (2,571)
At 31 August 2023   2,961    2,961 
Net book values
Closing balance as at 31 August 2023   (2,326)   (2,326)
Opening balance as at 01 September 2022 1,041    (381)   660 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 26,000    26,000 
Corporation Tax 11    11 
PAYE & Social Security 2,223    3,339 
Directors' Current Accounts   18,470 
Director: Swapna PULLEMLA   638 
28,234    48,458 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Directors' Current Accounts 16,491   
16,491   

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 19,811    26,732 
19,811    26,732 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Ultimate Control

Mr. Ravi Kumar Polampelli is the Director with Ultimate control in the company.
5