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REGISTERED NUMBER: 10814177 (England and Wales)












Financial Statements for the Year Ended 30 June 2024

for

Proven Agile Transformation Limited

Proven Agile Transformation Limited (Registered number: 10814177)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Proven Agile Transformation Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: B Phillips





REGISTERED OFFICE: 109 Potters Lane
Send
Woking
Surrey
GU23 7AW





REGISTERED NUMBER: 10814177 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Proven Agile Transformation Limited (Registered number: 10814177)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,575 2,258
Investment property 5 997,269 914,332
998,844 916,590

CURRENT ASSETS
Cash at bank 16,623 30,028

CREDITORS
Amounts falling due within one year 6 (536,534 ) (564,099 )
NET CURRENT LIABILITIES (519,911 ) (534,071 )
TOTAL ASSETS LESS CURRENT LIABILITIES 478,933 382,519

CREDITORS
Amounts falling due after more than one
year

7

(31,655

)

(37,042

)

PROVISIONS FOR LIABILITIES (29,158 ) (15,519 )
NET ASSETS 418,120 329,958

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 418,119 329,957
418,120 329,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Proven Agile Transformation Limited (Registered number: 10814177)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





B Phillips - Director


Proven Agile Transformation Limited (Registered number: 10814177)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Proven Agile Transformation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Proven Agile Transformation Limited (Registered number: 10814177)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 3,751 4,109 7,860
Additions - 511 511
At 30 June 2024 3,751 4,620 8,371
DEPRECIATION
At 1 July 2023 2,104 3,498 5,602
Charge for year 412 782 1,194
At 30 June 2024 2,516 4,280 6,796
NET BOOK VALUE
At 30 June 2024 1,235 340 1,575
At 30 June 2023 1,647 611 2,258

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 914,332
Additions 9,937
Revaluations 73,000
At 30 June 2024 997,269
NET BOOK VALUE
At 30 June 2024 997,269
At 30 June 2023 914,332

Investment property is carried at open market value with increases in value taken to the profit and loss account, the properties were revalued in the current year by the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,387 5,271
Taxation and social security 6,916 4,205
Other creditors 524,231 554,623
536,534 564,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 31,655 37,042