Company Registration No. 14274269 (England and Wales)
Proquo Ai Holdings Limited
Unaudited accounts
for the year ended 31 December 2023
Proquo Ai Holdings Limited
Unaudited accounts
Contents
Proquo Ai Holdings Limited
Company Information
for the year ended 31 December 2023
Directors
Edward Barroll Brown
Thomas Frederick Richard Morrell
Company Number
14274269 (England and Wales)
Proquo Ai Holdings Limited
Statement of financial position
as at 31 December 2023
Intangible assets
171,795
171,795
Debtors
6,982,853
7,894,941
Cash at bank and in hand
760,835
1,073,575
Creditors: amounts falling due within one year
(2,003,550)
(17,896)
Net current assets
5,740,138
8,950,620
Total assets less current liabilities
5,911,934
9,122,416
Provisions for liabilities
Other provisions
(937,363)
(4,159,861)
Net assets
4,974,571
4,962,555
Called up share capital
1,404
1,404
Share premium
4,998,874
4,998,874
Profit and loss account
(25,707)
(37,723)
Shareholders' funds
4,974,571
4,962,555
For the year ending 31 December 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 1 April 2024 and were signed on its behalf by
Thomas Frederick Richard Morrell
Director
Company Registration No. 14274269
Proquo Ai Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
Proquo Ai Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 14274269.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Goodwill
At 31 December 2023
171,795
At 31 December 2023
171,795
At 31 December 2022
171,795
5
Investments
Subsidiary undertakings
Valuation at 1 January 2023
1
Valuation at 31 December 2023
1
Proquo Ai Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
480,000
-
Accrued income and prepayments
1,875
2,333
Amounts falling due after more than one year
Amounts due from group undertakings etc.
6,493,354
7,849,096
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,550
17,896
Other creditors
2,000,000
-
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).