Prototipe Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10565269 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

PROTOTIPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Jones

REGISTERED OFFICE:

Turnpike House

1208-1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

10565269 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

CURRENT ASSETS

Cash at bank

610

4,234

CREDITORS

Amounts falling due within one year

4

26,908

22,974

NET CURRENT LIABILITIES

(26,298

)

(18,740

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,298

)

(18,740

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Retained earnings

6

(26,299

)

(18,741

)

SHAREHOLDERS' FUNDS

(26,298

)

(18,740

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2022 and were signed by:

S Jones - Director

1.	STATUTORY INFORMATION

Prototipe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Social security and other taxes

-

16

Other creditors

(54

)

-

Directors' current accounts

26,262

22,083

Accrued expenses

700

875

26,908

22,974

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1

6.

RESERVES

Retained

earnings

£

At 1 February 2021

(18,741

)

Deficit for the year

(7,558

)

At 31 January 2022

(26,299

)

7.	GOING CONCERN

At the balance sheet date the company had net deficiency of assets of £26,298, and was therefore dependant upon the continued support from its principle creditors, including the director.

The director has confirmed that he will continue to support the company for the foreseeable future.

The financial statements have therefore been prepared on the going concern basis.