Company Registration No. 05446605 (England and Wales)
Propability Limited
Unaudited accounts
for the year ended 31 March 2021
Propability Limited
Unaudited accounts
Contents
Propability Limited
Company Information
for the year ended 31 March 2021
Directors
Mr Tyrone Cano
Mrs Suzanne Cano
Company Number
05446605 (England and Wales)
Registered Office
50 WILLOW LANE
MITCHAM
CR4 4NA
ENGLAND
Propability Limited
Statement of financial position
as at
31 March 2021
Cash at bank and in hand
247,675
127,098
Creditors: amounts falling due within one year
(294,865)
(300,124)
Net current assets
488,865
73,109
Total assets less current liabilities
488,865
74,142
Creditors: amounts falling due after more than one year
(488,114)
(67,416)
Called up share capital
350
350
Profit and loss account
401
6,376
Shareholders' funds
751
6,726
For the year ending 31 March 2021 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 10 April 2021 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 2021
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, CR4 4NA, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
1,033
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
209,414
30,061
Other debtors
323,841
213,924
Propability Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
76,564
88,736
Taxes and social security
75,477
56,300
Other creditors
124,988
124,983
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
488,114
67,416
8
Share capital
2021
2020
Allotted, called up and fully paid:
350 Ordinary shares of £1 each
350
350
9
Average number of employees
During the year the average number of employees was 12 (2020: 12).