Company Registration No. 05446605 (England and Wales)
Propability Limited
Unaudited accounts
for the year ended 31 March 2017
Propability Limited
Unaudited accounts
Contents
Propability Limited
Company Information
for the year ended 31 March 2017
Directors
Mrs Suzanne Cano
Mr Tyrone Cano
Company Number
05446605 (England and Wales)
Registered Office
50 Willow Lane
Mitcham
Surrey
CR4 4NA
Propability Limited
Statement of financial position
as at
31 March 2017
Tangible assets
84,563
108,883
Cash at bank and in hand
134,436
189,997
Creditors: amounts falling due within one year
(295,387)
(315,831)
Net current assets
233,078
50,355
Total assets less current liabilities
317,641
159,238
Creditors: amounts falling due after more than one year
(154,344)
-
Net assets
163,297
159,238
Called up share capital
150
150
Profit and loss account
163,147
159,088
Shareholders' funds
163,297
159,238
For the year ending 31 March 2017 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.
Approved by the Board on 21 July 2017.
Mrs Suzanne Cano
Director
Company Registration No. 05446605
Propability Limited
Notes to the Accounts
for the year ended 31 March 2017
Propability Limited is a private company, limited by shares, registered in England and Wales, registration number 05446605. The registered office and principal place of business is 50 Willow Lane, Mitcham, Surrey, CR4 4NA.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Other tangible fixed assets
25%
Propability Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
28,312
Finished goods
667
36,618
Trade debtors
306,156
129,704
Amounts due from group undertakings etc.
57,324
-
Other debtors
29,882
9,867
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
17,378
61,208
Trade creditors
106,150
130,660
Taxes and social security
170,469
123,963
8
Creditors: amounts falling due after more than one year
2017
2016
9
Average number of employees
During the year the average number of employees was 12 (2016: 10).