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 11677433 Mr Athanasios Froxylias iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11677433 2022-11-30 11677433 2023-11-30 11677433 2022-12-01 2023-11-30 11677433 frs-core:CurrentFinancialInstruments 2023-11-30 11677433 frs-core:Non-currentFinancialInstruments 2023-11-30 11677433 frs-core:ComputerEquipment 2023-11-30 11677433 frs-core:ComputerEquipment 2022-12-01 2023-11-30 11677433 frs-core:ComputerEquipment 2022-11-30 11677433 frs-core:MotorVehicles 2023-11-30 11677433 frs-core:MotorVehicles 2022-12-01 2023-11-30 11677433 frs-core:MotorVehicles 2022-11-30 11677433 frs-core:ShareCapital 2023-11-30 11677433 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11677433 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11677433 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11677433 frs-bus:SmallEntities 2022-12-01 2023-11-30 11677433 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11677433 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11677433 frs-bus:Director1 2022-12-01 2023-11-30 11677433 frs-core:CurrentFinancialInstruments 1 2023-11-30 11677433 frs-core:CurrentFinancialInstruments 2 2023-11-30 11677433 frs-countries:EnglandWales 2022-12-01 2023-11-30 11677433 2021-11-30 11677433 2022-11-30 11677433 2021-12-01 2022-11-30 11677433 frs-core:CurrentFinancialInstruments 2022-11-30 11677433 frs-core:Non-currentFinancialInstruments 2022-11-30 11677433 frs-core:ShareCapital 2022-11-30 11677433 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11677433 frs-core:CurrentFinancialInstruments 1 2022-11-30 11677433 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 11677433
PROLINE TRANSPORTS LTD
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11677433
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,665 7,603
4,665 7,603
CURRENT ASSETS
Debtors 5 2,286 12,321
Cash at bank and in hand 7,469 1,479
9,755 13,800
Creditors: Amounts Falling Due Within One Year 6 (137,335 ) (93,107 )
NET CURRENT ASSETS (LIABILITIES) (127,580 ) (79,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES (122,915 ) (71,704 )
Creditors: Amounts Falling Due After More Than One Year 7 (18,226 ) (25,153 )
NET LIABILITIES (141,141 ) (96,857 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (141,241 ) (96,957 )
SHAREHOLDERS' FUNDS (141,141) (96,857)
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Athanasios Froxylias
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PROLINE TRANSPORTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11677433 . The registered office is Office 431, Building 3 North London Business Park, Oakleigh Road South, London, , N11 1GN.
2. Accounting Policies
2.1. 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.
2.2. 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.
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:
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 20,895 212 21,107
Additions - 1,150 1,150
As at 30 November 2023 20,895 1,362 22,257
...CONTINUED
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Depreciation
As at 1 December 2022 13,398 106 13,504
Provided during the period 3,748 340 4,088
As at 30 November 2023 17,146 446 17,592
Net Book Value
As at 30 November 2023 3,749 916 4,665
As at 1 December 2022 7,497 106 7,603
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 7,022
Prepayments and accrued income 2,286 4,826
VAT - 473
2,286 12,321
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 73 6,064
Corporation tax - (2,961 )
Other taxes and social security 2,391 1,510
VAT 884 -
Credit card 3,288 667
Pension scheme 193 102
Accruals and deferred income 1,000 1,000
Director's loan account 129,506 86,725
137,335 93,107
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,226 25,153
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4