Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 11 November 2021 false 1 April 2023 31 March 2024 31 March 2024 13737491 Mr Agim Arra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13737491 2023-03-31 13737491 2024-03-31 13737491 2023-04-01 2024-03-31 13737491 frs-core:CurrentFinancialInstruments 2024-03-31 13737491 frs-core:ComputerEquipment 2024-03-31 13737491 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13737491 frs-core:ComputerEquipment 2023-03-31 13737491 frs-core:FurnitureFittings 2024-03-31 13737491 frs-core:FurnitureFittings 2023-04-01 2024-03-31 13737491 frs-core:FurnitureFittings 2023-03-31 13737491 frs-core:ShareCapital 2024-03-31 13737491 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13737491 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13737491 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13737491 frs-bus:SmallEntities 2023-04-01 2024-03-31 13737491 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13737491 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13737491 frs-bus:Director1 2023-04-01 2024-03-31 13737491 frs-core:CurrentFinancialInstruments 1 2024-03-31 13737491 frs-countries:EnglandWales 2023-04-01 2024-03-31 13737491 2021-11-10 13737491 2023-03-31 13737491 2021-11-11 2023-03-31 13737491 frs-core:CurrentFinancialInstruments 2023-03-31 13737491 frs-core:ShareCapital 2023-03-31 13737491 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 13737491 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 13737491
Proficiency Interiors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13737491
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 40,649 -
40,649 -
CURRENT ASSETS
Debtors 4 13,800 13,376
Cash at bank and in hand 66,341 95,397
80,141 108,773
Creditors: Amounts Falling Due Within One Year 5 (14,369 ) (42,572 )
NET CURRENT ASSETS (LIABILITIES) 65,772 66,201
TOTAL ASSETS LESS CURRENT LIABILITIES 106,421 66,201
NET ASSETS 106,421 66,201
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 106,321 66,101
SHAREHOLDERS' FUNDS 106,421 66,201
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Agim Arra
Director
10/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 - - -
Additions 39,986 4,210 44,196
As at 31 March 2024 39,986 4,210 44,196
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 - - -
Provided during the period 3,157 390 3,547
As at 31 March 2024 3,157 390 3,547
Net Book Value
As at 31 March 2024 36,829 3,820 40,649
As at 1 April 2023 - - -
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors - 9,576
Other debtors 100 100
Intercompany - 663 Design Ltd 13,700 3,700
13,800 13,376
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors - 18,868
Corporation tax - 15,505
VAT 13,745 7,887
Director's loan account 624 312
14,369 42,572
6. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
7. General Information
Proficiency Interiors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13737491 . The registered office is 31-33 Fortune Green Road, London, NW6 1DU.
Page 4