Proovia Couriers Ltd - Filleted accounts

Registered number

13009883

Proovia Couriers Ltd

Filleted Accounts

30 November 2024

Proovia Couriers Ltd
Registered number:		13009883
Balance Sheet
as at 30 November 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		1,004,844			535,723
Tangible assets	4		127,561			227,030
			1,132,405			762,753

Current assets
Debtors	5	571,836			111,132
Cash at bank and in hand		259,635			176,547
		831,471			287,679

Creditors: amounts falling due within one year	6	(1,224,137)			(634,847)

Net current liabilities			(392,666)			(347,168)

Total assets less current liabilities			739,739			415,585

Creditors: amounts falling due after more than one year	7		(39,659)			(64,179)

Provisions for liabilities			(31,891)			(56,758)


Net assets			668,189			294,648

Capital and reserves
Called up share capital			100			100
Profit and loss account			668,089			294,548

Shareholder's funds			668,189			294,648

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Elena Rusu
Director
Approved by the board on 28 October 2025

Proovia Couriers Ltd
Notes to the Accounts
for the year ended 30 November 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery, etc	25% on reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			6		2


3	Intangible fixed assets					£
	Software Development/Domain Name:

	Cost
	At 1 December 2023					573,581
	Additions					524,000
	At 30 November 2024					1,097,581

	Amortisation
	At 1 December 2023					37,858
	Provided during the year					54,879
	At 30 November 2024					92,737

	Net book value
	At 30 November 2024					1,004,844
	At 30 November 2023					535,723

	Both intangible assets are being written off in equal annual instalments over their estimated economic life of 20 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2023	10,387		362,977		373,364
	Additions	6,763		-		6,763
	Disposals	-		(84,501)		(84,501)
	At 30 November 2024	17,150		278,476		295,626

	Depreciation
	At 1 December 2023	3,374		142,959		146,333
	Charge for the year	3,697		39,161		42,858
	On disposals	-		(21,126)		(21,126)
	At 30 November 2024	7,071		160,994		168,065

	Net book value
	At 30 November 2024	10,079		117,482		127,561
	At 30 November 2023	7,013		220,018		227,031


5	Debtors			2024		2023
£					£

	Trade debtors			103,685		36,952
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			-		54,688
	Director's current account			244,200		-
	CT recoverable			82,418		-
	Other debtors			141,533		19,492
				571,836		111,132


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			-		50,000
	Obligations under finance lease and hire purchase contracts			25,168		25,176
	Trade creditors			354,404		238,400
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			63,577		-
	Taxation and social security costs			553,488		96,424
	Other creditors			227,500		224,847
				1,224,137		634,847


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Obligations under finance lease and hire purchase contracts			39,659		64,179


8	Controlling party

	The sole director and shareholder, Elena Rusu, has immediate and ultimate control of the company.


9	Other information

	Proovia Couriers Ltd is a private company limited by shares and incorporated in England. Its registered office is at:
	Units 115-119, Fort Dunlop, Office 110, Fort Parkway, Birmingham, B24 9FE