Company Registration No. 05446605 (England and Wales)
Propability Limited
Unaudited accounts
for the year ended 31 March 2018
Propability Limited
Unaudited accounts
Contents
Propability Limited
Company Information
for the year ended 31 March 2018
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 2018
Tangible assets
63,423
84,563
Cash at bank and in hand
122,116
134,436
Creditors: amounts falling due within one year
(577,483)
(295,378)
Net current assets
242,042
233,087
Total assets less current liabilities
305,465
317,650
Creditors: amounts falling due after more than one year
(128,186)
(154,344)
Net assets
177,279
163,306
Called up share capital
150
150
Profit and loss account
177,129
163,156
Shareholders' funds
177,279
163,306
For the year ending 31 March 2018 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 30 October 2018.
Mrs Suzanne Cano
Director
Company Registration No. 05446605
Propability Limited
Notes to the Accounts
for the year ended 31 March 2018
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 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
21,140
Trade debtors
329,460
306,156
Amounts due from group undertakings etc.
270,268
57,324
Other debtors
95,864
29,882
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
17,378
Trade creditors
208,361
106,150
Taxes and social security
167,665
170,469
Other creditors
1,457
1,381
Loans from directors
200,000
-
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
128,186
154,344
9
Average number of employees
During the year the average number of employees was 12 (2017: 12).