Registered number
09888880
PROFICIENT INSTALLATION LIMITED
Filleted Accounts
30 November 2023
PROFICIENT INSTALLATION LIMITED
Registered number: 09888880
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,200 5,600
Current assets
Debtors 4 63,419 36,665
Cash at bank and in hand - 23,917
63,419 60,582
Creditors: amounts falling due within one year 5 (68,381) (40,822)
Net current (liabilities)/assets (4,962) 19,760
Total assets less current liabilities (762) 25,360
Creditors: amounts falling due after more than one year 6 (19,117) (24,007)
Net (liabilities)/assets (19,879) 1,353
Capital and reserves
Called up share capital 10 10
Profit and loss account (19,889) 1,343
Shareholder's funds (19,879) 1,353
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
TOMAS PETRIK
Director
Approved by the board on 24 August 2024
PROFICIENT INSTALLATION LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 December 2022 7,359
At 30 November 2023 7,359
Depreciation
At 1 December 2022 1,759
Charge for the year 1,400
At 30 November 2023 3,159
Net book value
At 30 November 2023 4,200
At 30 November 2022 5,600
4 Debtors 2023 2022
£ £
Trade debtors 33,674 36,665
Other debtors 29,745 -
63,419 36,665
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,653 -
Trade creditors 27,672 -
Taxation and social security costs 39,636 40,717
Other creditors (580) 105
68,381 40,822
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,117 24,007
7 Other information
PROFICIENT INSTALLATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
43 Ashtree Avenue
London
CR4 3DS
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