Company Registration No. 14264902 (England and Wales)
Proquo Ai International Limited
Unaudited accounts
for the period from 29 July 2022 to 31 December 2022
Proquo Ai International Limited
Unaudited accounts
Contents
Proquo Ai International Limited
Company Information
for the period from 29 July 2022 to 31 December 2022
Directors
Edward Barroll Brown
Thomas Frederick Richard Morrell
Company Number
14264902 (England and Wales)
Registered Office
Michelin House 81 Fulham Road
London
SW3 6RD
United Kingdom
Proquo Ai International Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
89,593
Creditors: amounts falling due within one year
(636,670)
Total assets less current liabilities
595,798
Creditors: amounts falling due after more than one year
(3,598,909)
Provisions for liabilities
Other provisions
(563,908)
Net liabilities
(3,567,019)
Profit and loss account
(3,567,020)
Shareholders' funds
(3,567,019)
For the period ending 31 December 2022 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 28 July 2023 and were signed on its behalf by
Thomas Frederick Richard Morrell
Director
Company Registration No. 14264902
Proquo Ai International Limited
Notes to the Accounts
for the period from 29 July 2022 to 31 December 2022
Proquo Ai International Limited is a private company, limited by shares, registered in England and Wales, registration number 14264902. The registered office is Michelin House 81 Fulham Road, , London, SW3 6RD, United Kingdom.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost. The cost is amortised over 10 years
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:
Computer equipment
3 years
Proquo Ai International Limited
Notes to the Accounts
for the period from 29 July 2022 to 31 December 2022
4
Intangible fixed assets
Goodwill
At 31 December 2022
559,183
Charge for the period
23,701
At 31 December 2022
23,701
At 31 December 2022
535,482
5
Tangible fixed assets
Computer equipment
At 31 December 2022
49,291
Charge for the period
20,121
At 31 December 2022
20,121
At 31 December 2022
29,170
Amounts falling due within one year
Accrued income and prepayments
166,122
7
Creditors: amounts falling due within one year
2022
Taxes and social security
78,552
Proquo Ai International Limited
Notes to the Accounts
for the period from 29 July 2022 to 31 December 2022
8
Creditors: amounts falling due after more than one year
2022
Amounts owed to group undertakings and other participating interests
3,598,909
9
Average number of employees
During the period the average number of employees was 20.
