PROMAKE LTD

Company Registration Number:
12888146 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

PROMAKE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PROMAKE LTD

Company Information

for the Period Ended 30 September 2023




Director: Gemma Bethal
Mohan Lal Kaul
Jason Laing
Rajinder Lakha
Gavin Leggott
Gopal Krishna Dev Mahadev
Karan Jyoti Mahadev
Registered office: Studio 002, Jackson House
Sibson Road
Sale
England
M33 7RR
Company Registration Number: 12888146 (England and Wales)

PROMAKE LTD

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal Activities

Engineering design activities for industrial process and production

Political and charitable donations

No political donations were made

Company policy on the employment of disabled persons

N/A

Additional information

N/A

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Gemma Bethal
Jason Laing
Rajinder Lakha
Gavin Leggott
Karan Jyoti Mahadev

The director(s) shown below resigned during the period
Mohan Lal Kaul
31 December 2022
Gopal Krishna Dev Mahadev
25 August 2023

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Gavin Leggott
Status: Director

PROMAKE LTD

Profit and Loss Account

for the Period Ended 30 September 2023


Notes

2023
£

2022
£
Turnover 0 0
Cost of sales ( 3,350 ) ( 18,540 )
Gross Profit or (Loss) ( 3,350 ) ( 18,540 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 761,604 ) ( 329,094 )
Other operating income 0 2,854,949
Operating Profit or (Loss) ( 764,954 ) 2,507,315
Profit or (Loss) Before Tax ( 764,954 ) 2,507,315
Tax on Profit - ( 0 )
Profit or (Loss) for Period ( 764,954 ) 2,507,315

The notes form part of these financial statements

PROMAKE LTD

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 2,337,451 2,337,451
Tangible assets: 5 74,458 16,845
Total fixed assets: 2,411,909 2,354,296
Current assets
Stocks: 0 0
Debtors: 6 14,562 24,105
Cash at bank and in hand: 23,192 894,440
Total current assets: 37,754 918,545
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 178,943 ) ( 265,431 )
Net current assets (liabilities): ( 141,189 ) 653,114
Total assets less current liabilities: 2,270,720 3,007,410
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 2,270,720 3,007,410

The notes form part of these financial statements

PROMAKE LTD

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 9 499,995 499,995
Profit and loss account: 1,770,625 2,507,315
Shareholders funds: 2,270,720 3,007,410

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Gavin Leggott
Status: Director

The notes form part of these financial statements

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 8 5

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Intangible assets

Other Total
Cost £ £
At 01 October 2022 2,337,451 2,337,451
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 September 2023 2,337,451 2,337,451
Amortisation
Amortisation at 01 October 2022 0 0
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 30 September 2023 0 0
Net book value
Net book value at 30 September 2023 2,337,451 2,337,451
Net book value at 30 September 2022 2,337,451 2,337,451

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 October 2022 - 3,042 19,418 22,460
Additions 52,299 10,264 0 62,563
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 September 2023 52,299 13,306 19,418 85,023
Depreciation
At 01 October 2022 - 761 4,854 5,615
Charge for year 0 100 4,850 4,950
On disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Other adjustments - - - -
At 30 September 2023 0 861 9,704 10,565
Net book value
At 30 September 2023 52,299 12,445 9,714 74,458
At 30 September 2022 - 2,281 14,564 16,845

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Debtors


2023
£

2022
£
Prepayments and accrued income 13,562 13,180
Other debtors 1,000 10,925
Total 14,562 24,105

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 70,836 24,389
Taxation and social security 17,660 17,810
Other creditors 90,447 223,232
Total 178,943 265,431

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

PROMAKE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

9. Revaluation reserve


2023
£
Balance at 01 October 2022 499,995
Surplus or deficit after revaluation 0
Balance at 30 September 2023 499,995