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Company Registration No. 13998411 (England and Wales)
Procoelum Ltd Unaudited accounts for the year ended 31 March 2024
Procoelum Ltd Unaudited accounts Contents
Page
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Procoelum Ltd Company Information for the year ended 31 March 2024
Directors
ALEXANDR GHIDIRIM ZOFIA SHARMAN
Company Number
13998411 (England and Wales)
Registered Office
DENMARK HOUSE 143 HIGH STREET CHALFONT ST. PETER GERRARDS CROSS LONDON SL9 9QL England
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Procoelum Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
706 
566 
Current assets
Debtors
1,846 
34,470 
Cash at bank and in hand
219,757 
139,042 
221,603 
173,512 
Creditors: amounts falling due within one year
(181,696)
(173,794)
Net current assets/(liabilities)
39,907 
(282)
Net assets
40,613 
284 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,513 
184 
Shareholders' funds
40,613 
284 
For the year ending 31 March 2024 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 7 May 2024 and were signed on its behalf by
ZOFIA SHARMAN Director Company Registration No. 13998411
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Procoelum Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Procoelum Ltd is a private company, limited by shares, registered in England and Wales, registration number 13998411. The registered office is DENMARK HOUSE 143 HIGH STREET, CHALFONT ST. PETER, GERRARDS CROSS, LONDON, SL9 9QL, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% of cost per annum
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
566 
Additions
352 
At 31 March 2024
918 
Depreciation
Charge for the year
212 
At 31 March 2024
212 
Net book value
At 31 March 2024
706 
At 31 March 2023
566 
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Procoelum Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,692 
34,470 
Accrued income and prepayments
154 
- 
1,846 
34,470 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(8,134)
11,230 
Trade creditors
1,302 
118,694 
Taxes and social security
34,284 
7,613 
Loans from directors
62,062 
36,257 
Accruals
2,271 
- 
Deferred income
89,911 
- 
181,696 
173,794 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
At 31st March 2024, the directors are owed £62,062 by the company. This is an interest-bearing loan repayable on demand. During the year interest of £2,387 was charged to the company.
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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