Company Registration No. 05446605 (England and Wales)
Propability Limited
Unaudited accounts
for the year ended 31 March 2020
Propability Limited
Unaudited accounts
Contents
Propability Limited
Company Information
for the year ended 31 March 2020
Directors
Mrs Suzanne Cano
Mr Tyrone Cano
Company Number
05446605 (England and Wales)
Registered Office
50 Willow Lane
Mitcham
Surrey
CR4 4NA
Accountants
Blythe and Co
352-354 London Road
Mitcham
Surrey
CR4 3ND
Propability Limited
Statement of financial position
as at
31 March 2020
Tangible assets
1,033
47,567
Cash at bank and in hand
127,097
13,606
Creditors: amounts falling due within one year
(300,124)
(487,078)
Net current assets
73,109
174,198
Total assets less current liabilities
74,142
221,765
Creditors: amounts falling due after more than one year
(67,416)
(98,936)
Called up share capital
350
150
Profit and loss account
6,376
122,679
Shareholders' funds
6,726
122,829
For the year ending 31 March 2020 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 23 April 2020 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 2020
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, 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.
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:
Other tangible fixed assets
25%
Propability Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
46,534
Finished goods
2,150
2,150
Trade debtors
30,483
180,802
Other debtors
213,503
464,718
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
88,664
220,678
Taxes and social security
56,374
77,065
Other creditors
124,982
170,866
8
Creditors: amounts falling due after more than one year
2020
2019
Propability Limited
Notes to the Accounts
for the year ended 31 March 2020
9
Share capital
2020
2019
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
100 Ordinary B shares of £1 each
100
-
100 Ordinary C shares of £1 each
100
-
Shares issued during the period:
100 Ordinary B shares of £1 each
100
100 Ordinary C shares of £1 each
100
10
Average number of employees
During the year the average number of employees was 12 (2019: 12).