Company Registration No. 05446605 (England and Wales)
Propability Limited
Unaudited accounts
for the year ended 31 March 2024
Propability Limited
Unaudited accounts
Contents
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
Propability Limited
Statement of financial position
as at 31 March 2024
Tangible assets
8,699
1,499
Cash at bank and in hand
106,083
49,009
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)
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
Propability Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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 £ 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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
2,665
2,665
At 31 March 2024
7,575
2,665
10,240
At 1 April 2023
-
1,166
1,166
Charge for the year
-
375
375
At 31 March 2024
-
1,541
1,541
At 31 March 2024
7,575
1,124
8,699
At 31 March 2023
-
1,499
1,499
Propability Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
516,380
341,111
Other debtors
313,258
394,681
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
386,877
-
Trade creditors
234,777
92,660
Taxes and social security
36,615
62,070
Other creditors
46,443
124,449
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
208,889
348,550
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).