Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11086833 Mr Thomas Jordan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11086833 2022-11-30 11086833 2023-11-30 11086833 2022-12-01 2023-11-30 11086833 frs-core:Non-currentFinancialInstruments 2023-11-30 11086833 frs-core:PlantMachinery 2023-11-30 11086833 frs-core:PlantMachinery 2022-12-01 2023-11-30 11086833 frs-core:PlantMachinery 2022-11-30 11086833 frs-core:ShareCapital 2023-11-30 11086833 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11086833 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11086833 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11086833 frs-bus:SmallEntities 2022-12-01 2023-11-30 11086833 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11086833 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11086833 frs-bus:Director1 2022-12-01 2023-11-30 11086833 frs-countries:EnglandWales 2022-12-01 2023-11-30 11086833 2021-11-30 11086833 2022-11-30 11086833 2021-12-01 2022-11-30 11086833 frs-core:Non-currentFinancialInstruments 2022-11-30 11086833 frs-core:ShareCapital 2022-11-30 11086833 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Protein Life Express Limited
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Protein Life Express Limited For The Year Ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Protein Life Express Limited For The Year Ended 30 November 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Protein Life Express Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Protein Life Express Limited and state those matters that we have agreed to state to the director of Protein Life Express Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Protein Life Express Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Protein Life Express Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Protein Life Express Limited . You consider that Protein Life Express Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Protein Life Express Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23 August 2024
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
Statement of Financial Position
Registered number: 11086833
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 107,602 109,363
107,602 109,363
CURRENT ASSETS
Stocks 3,211 1,000
Debtors 24,248 11,704
Cash at bank and in hand 29,034 38,255
56,493 50,959
Creditors: Amounts Falling Due Within One Year (97,830 ) (117,940 )
NET CURRENT ASSETS (LIABILITIES) (41,337 ) (66,981 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,265 42,382
Creditors: Amounts Falling Due After More Than One Year (4,833 ) (12,131 )
NET ASSETS 61,432 30,251
CAPITAL AND RESERVES
Called up share capital 5 1 1
Income Statement 61,431 30,250
SHAREHOLDERS' FUNDS 61,432 30,251
Page 2
Page 3
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 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 Income Statement.
On behalf of the board
Mr Thomas Jordan
Director
23 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Protein Life Express Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11086833 . The registered office is White Gate Cottage, Ullenhall Street, Ullenhall, Warwickshire, B95 5PB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
2.3. 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:
Equipment 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible assets
Equipment
£
Cost
As at 1 December 2022 164,383
Additions 19,900
Disposals (6,000 )
As at 30 November 2023 178,283
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2022 55,020
Provided during the period 18,999
Disposals (3,338 )
As at 30 November 2023 70,681
Net Book Value
As at 30 November 2023 107,602
As at 1 December 2022 109,363
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5