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Company Registration No. 05724547 (England and Wales)
PROCTAL LIMITED Unaudited accounts for the year ended 31 October 2023
PROCTAL LIMITED Unaudited accounts Contents
Page
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PROCTAL LIMITED Company Information for the year ended 31 October 2023
Director
Dr Ahmed Awad
Company Number
05724547 (England and Wales)
Registered Office
2 HEARN PLACE BEDFORD LANE ASCOT SL5 0NW ENGLAND
Accountants
Fabaci Financial Ltd 30 Ebbett Court Victoria Road London W3 6BW
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PROCTAL LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
680 
580 
Current assets
Debtors
83,969 
83,969 
Cash at bank and in hand
86,332 
11,862 
170,301 
95,831 
Creditors: amounts falling due within one year
(131,415)
(116,684)
Net current assets/(liabilities)
38,886 
(20,853)
Total assets less current liabilities
39,566 
(20,273)
Creditors: amounts falling due after more than one year
(23,615)
(30,477)
Net assets/(liabilities)
15,951 
(50,750)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,950 
(50,751)
Shareholders' funds
15,951 
(50,750)
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Dr Ahmed Awad Director Company Registration No. 05724547
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PROCTAL LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PROCTAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05724547. The registered office is 2 HEARN PLACE, BEDFORD LANE, ASCOT, SL5 0NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in British pound sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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PROCTAL LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
1,873 
1,873 
Additions
377 
150 
527 
At 31 October 2023
377 
2,023 
2,400 
Depreciation
At 1 November 2022
- 
1,293 
1,293 
Charge for the year
32 
395 
427 
At 31 October 2023
32 
1,688 
1,720 
Net book value
At 31 October 2023
345 
335 
680 
At 31 October 2022
- 
580 
580 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
83,969 
83,969 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
19,443 
11,850 
Taxes and social security
5,493 
5,706 
Other creditors
(506)
(506)
Loans from directors
94,985 
87,634 
Accruals
2,000 
2,000 
131,415 
116,684 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,615 
30,477 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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