Company Registration No. 05724547 (England and Wales)
PROCTAL LIMITED
Unaudited accounts
for the year ended 31 October 2023
PROCTAL LIMITED
Unaudited accounts
Contents
PROCTAL LIMITED
Company Information
for the year ended 31 October 2023
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
PROCTAL LIMITED
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
86,332
11,862
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)
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
PROCTAL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in British pound sterling.
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
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.
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.
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
At 31 October 2023
377
2,023
2,400
At 1 November 2022
-
1,293
1,293
Charge for the year
32
395
427
At 31 October 2023
32
1,688
1,720
At 31 October 2023
345
335
680
At 31 October 2022
-
580
580
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
Taxes and social security
5,493
5,706
Other creditors
(506)
(506)
Loans from directors
94,985
87,634
7
Creditors: amounts falling due after more than one year
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).