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Company Registration No. 05446605 (England and Wales)
Propability Limited Unaudited accounts for the year ended 31 March 2024
Propability Limited Unaudited accounts Contents
Page
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Propability Limited Company Information for the year ended 31 March 2024
Directors
Mr Tyrone Cano Mrs Suzanne Cano
Company Number
05446605 (England and Wales)
Registered Office
50 WILLOW LANE MITCHAM CR4 4NA ENGLAND
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Propability Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,699 
1,499 
Current assets
Inventories
21,550 
21,550 
Debtors
829,638 
736,302 
Cash at bank and in hand
106,083 
49,009 
957,271 
806,861 
Creditors: amounts falling due within one year
(747,872)
(385,398)
Net current assets
209,399 
421,463 
Total assets less current liabilities
218,098 
422,962 
Creditors: amounts falling due after more than one year
(208,889)
(348,550)
Net assets
9,209 
74,412 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
8,859 
74,062 
Shareholders' funds
9,209 
74,412 
For the year ending 31 March 2024 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 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 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 of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by
Mrs Suzanne Cano Director Company Registration No. 05446605
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Propability Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Propability Limited is a private company, limited by shares, registered in England and Wales, registration number 05446605. The registered office is 50 WILLOW LANE, MITCHAM, CR4 4NA, 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 £ sterling.
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:
Plant & machinery
25%
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
2,665 
2,665 
Additions
7,575 
- 
7,575 
At 31 March 2024
7,575 
2,665 
10,240 
Depreciation
At 1 April 2023
- 
1,166 
1,166 
Charge for the year
- 
375 
375 
At 31 March 2024
- 
1,541 
1,541 
Net book value
At 31 March 2024
7,575 
1,124 
8,699 
At 31 March 2023
- 
1,499 
1,499 
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Propability Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
516,380 
341,111 
Other debtors
313,258 
394,681 
829,638 
735,792 
Amounts falling due after more than one year
Other debtors
- 
510 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
386,877 
- 
VAT
34,620 
71,374 
Trade creditors
234,777 
92,660 
Taxes and social security
36,615 
62,070 
Other creditors
46,443 
124,449 
Accruals
8,540 
34,845 
747,872 
385,398 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
208,889 
348,550 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
350 Ordinary shares of £1 each
350 
350 
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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