1 December 2022 false No description of principal activity Taxfiler 2024.5 13743661business:PrivateLimitedCompanyLtd2022-12-012023-11-30 137436612022-11-30 137436612022-12-012023-11-30 13743661business:AuditExemptWithAccountantsReport2022-12-012023-11-30 13743661business:FilletedAccounts2022-12-012023-11-30 137436612023-11-30 13743661business:Director12022-12-012023-11-30 13743661business:RegisteredOffice2022-12-012023-11-30 137436612022-11-30 13743661core:WithinOneYear2023-11-30 13743661core:WithinOneYear2022-11-30 13743661core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13743661core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 13743661core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13743661core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 13743661core:PreviouslyStatedAmount2023-11-30 13743661core:PreviouslyStatedAmount2022-11-30 13743661business:SmallEntities2022-12-012023-11-30 13743661countries:EnglandWales2022-12-012023-11-30 13743661business:OrdinaryShareClass12022-12-012023-11-30 13743661business:OrdinaryShareClass12021-11-152022-11-30 137436612021-11-152022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13743661 (England and Wales)
Proved Ltd Unaudited accounts for the year ended 30 November 2023
Proved Ltd Unaudited accounts Contents
Page
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Proved Ltd Company Information for the year ended 30 November 2023
Director
Raheel Farooq
Company Number
13743661 (England and Wales)
Registered Office
24 Bluebell Way ilford IG1 2JH
Accountants
Ecommerce Buddy www.ecommercebuddy.co.uk RM6 6AX
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Proved Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
549 
4,706 
Debtors
2,449 
540 
Cash at bank and in hand
13,060 
2,787 
16,058 
8,033 
Creditors: amounts falling due within one year
(18,179)
(9,876)
Net current liabilities
(2,121)
(1,843)
Net liabilities
(2,121)
(1,843)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,122)
(1,844)
Shareholders' funds
(2,121)
(1,843)
For the year ending 30 November 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 25 August 2024 and were signed on its behalf by
Raheel Farooq Director Company Registration No. 13743661
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Proved Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Proved Ltd is a private company, limited by shares, registered in England and Wales, registration number 13743661. The registered office is 24 Bluebell Way, ilford, IG1 2JH.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,449 
540 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
18,179 
9,876 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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