PROUVOST & SONS LTD - Accounts

PROUVOST & SONS LTD - Accounts

PROUVOST & SONS LTD - Company Information

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Registered Number: 09335845
England and Wales

 

 

 

PROUVOST & SONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

PROUVOST & SONS LTD
Contents Page
For the year ended 31 December 2022
Directors Laure Prouvost
Laure Prouvost
Registered Number 09335845
Registered Office 7 BELL YARD
LONDON ENGLAND
WC2A 2JR
Accountants Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2022
Principal activities
Principal activity of the company during the financial year was of Artistic creation.
Directors
The directors who served the company throughout the year were as follows:
Laure Prouvost
Laure Prouvost
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Laure Prouvost
Director

Date approved: 18 July 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 December 2022



....................................................
Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
18 July 2023
3
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Intangible fixed assets 3 63    84 
Tangible fixed assets 4 1,254    1,672 
1,317    1,756 
Current assets      
Debtors 5 1,113,053    1,165,509 
Cash at bank and in hand 1,126,972    1,135,963 
2,240,025    2,301,472 
Creditors: amount falling due within one year 6 (146,735)   (248,506)
Net current assets 2,093,290    2,052,966 
 
Total assets less current liabilities 2,094,607    2,054,722 
Provisions for liabilities 7 (238)   (318)
Net assets 2,094,369    2,054,404 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 2,094,368    2,054,403 
Shareholder's funds 2,094,369    2,054,404 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 July 2023 and were signed on its behalf by:


-------------------------------
Laure Prouvost
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2021 1  2,013,768  2,013,769 
Profit for the year 40,635  40,635 
Total comprehensive income for the year -  40,635  40,635 
Total investments by and distributions to owners -  -  - 
At 31 December 2021 1  2,054,403  2,054,404 
At 01 January 2022 1  2,054,403  2,054,404 
Profit for the year 39,965  39,965 
Total comprehensive income for the year -  39,965  39,965 
Total investments by and distributions to owners -  -  - 
At 31 December 2022 1  2,094,368  2,094,369 
5
General Information
PROUVOST & SONS LTD is a private company, limited by shares, registered in England and Wales, registration number 09335845, registration address 7 BELL YARD, LONDON ENGLAND, WC2A 2JR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2022 401    401 
Additions -    - 
Disposals -    - 
At 31 December 2022 401    401 
Amortisation
At 01 January 2022 317    317 
Charge for year 21    21 
On disposals -    - 
At 31 December 2022 338    338 
Net book values
At 31 December 2022 63    63 
At 31 December 2021 84    84 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2022 4,434    4,434 
Additions -    - 
Disposals -    - 
At 31 December 2022 4,434    4,434 
Depreciation
At 01 January 2022 2,762    2,762 
Charge for year 418    418 
On disposals -    - 
At 31 December 2022 3,180    3,180 
Net book values
Closing balance as at 31 December 2022 1,254    1,254 
Opening balance as at 01 January 2022 1,672    1,672 


5.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 11,073    12,338 
Loan to Celidor 456,944    456,944 
Other debtors (594) 0    51,191 
FCP Investment 645,036    645,036 
1,113,053    1,165,509 

6.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 265    1,508 
Corporation Tax 9,363    9,502 
Accrued Expenses 750    750 
Other Creditors 0    87,530 
Directors' Current Accounts 126,257    1,598 
VAT 10,100    147,618 
146,735    248,506 

7.

Provisions for liabilities

2022
£		   2021
£
Deferred Tax 238    318 
238    318 

6