Registration number:
Provek Holdings Limited
for the Year Ended 31 July 2024
Provek Holdings Limited
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Provek Holdings Limited
(Registration number: 08781543)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Intangible assets |
- |
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
1,468,916 |
1,178,286 |
|
Shareholders' funds |
1,469,016 |
1,178,386 |
Provek Holdings Limited
(Registration number: 08781543)
Balance Sheet as at 31 July 2024
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Provek Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Provek Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Intangible assets
Intangible assets are held at their revalued amount, on the basis of there being an active market for these assets.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Provek Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Intangible assets |
Other intangible assets |
Total |
|
Cost or valuation |
||
At 1 August 2023 (as restated) |
|
|
Disposals |
( |
( |
At 31 July 2024 |
- |
- |
Amortisation |
||
Carrying amount |
||
At 31 July 2024 |
- |
- |
At 31 July 2023 |
|
|
Investments |
2024 |
2023 |
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ |
Cost or valuation |
|
At 1 August 2023 |
|
Provision |
|
Carrying amount |
|
At 31 July 2024 |
|
At 31 July 2023 |
|
Debtors |
Current |
2024 |
2023 |
Other debtors |
|
|
|
|
Provek Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Taxation and social security |
|
- |
Other creditors |
|
|
|
|
Related party transactions |
Transactions with the director |
2024 |
At 1 August 2023 |
Advances to director |
Other payments made to company by director |
At 31 July 2024 |
Mr A Delo |
||||
Interest free loan from director |
|
( |
201,995 |
( |
2023 |
At 1 August 2022 |
Advances to director |
Other payments made to company by director |
At 31 July 2023 |
Mr A Delo |
||||
Interest free loan from director |
|
( |
834,000 |
|
Summary of transactions with joint ventures
Provek Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Loans with related parties
2024 |
Joint ventures |
Total |
At start of period |
|
|
Repaid |
( |
( |
At end of period |
- |
- |
|
2023 |
Joint ventures |
Total |
At start of period |
|
|
Advanced |
|
|
Repaid |
( |
( |
At end of period |
|
|
|
Terms of loans with related parties