Proceed Engineering Solutions Limited in London, W1U 6EQ

Description

Data updated on: 01-11-2023

This firm is based in London under the ID 05167516. The firm was set up in 2004. The office of this firm is located at 14 David Mews . The post code for this place is W1U 6EQ. This firm's registered with SIC code 62090: Other information technology service activities. Proceed Engineering Solutions Ltd released its latest accounts for the financial period up to 2022-12-31. The company's latest confirmation statement was submitted on 2023-06-30.

Because of the enterprise's constant development, it became vital to formally appoint further directors: Robert R. and Nicholas P. who have been collaborating for one year to exercise independent judgement of the following limited company. In order to find professional help with legal documentation, the abovementioned limited company has been using the skills of Nicholas P. as a secretary for the last 20 years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	139 152	167 599	65 765	60 461	32 462
Current Assets	372 082	236 032	364 205	385 617	423 729
Debtors	164 597	100	230 107	256 823	391 267
Net Assets Liabilities		223 712	931 637	1 143 100	1 014 721
Other Debtors			18 000	48 300	31 644

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets	107 795	183 316	319 318	504 323	755 428
Accumulated Depreciation Impairment Property Plant Equipment	53 820	53 820	53 820	53 820
Amounts Owed By Related Parties	130 717	100	100	100	100
Amounts Owed To Group Undertakings	78 553	531 815	199 286	160 351	192 240
Average Number Employees During Period			3	3	22
Bank Borrowings Overdrafts			45 000	39 410	31 339
Corporation Tax Payable			57 602
Creditors	264 802	692 015	45 000	39 410	31 339
Current Asset Investments	68 333	68 333	68 333	68 333
Dividends Paid On Shares		679 695
Increase From Amortisation Charge For Year Intangible Assets		75 521	136 002	185 005	251 105
Intangible Assets		679 695	1 040 704	1 345 730	1 345 625
Intangible Assets Gross Cost	107 795	863 011	1 360 022	1 850 053	2 101 053
Net Current Assets Liabilities	107 280	-455 983	-64 067	-163 220	-299 565
Other Creditors	148 000	140 600	16 670	68 770	287 379
Other Investments Other Than Loans	68 333	68 333	68 333	68 333
Other Taxation Social Security Payable	38 249	19 600	37 026	85 984	86 214
Property Plant Equipment Gross Cost	53 820	53 820	53 820	53 820
Total Assets Less Current Liabilities	107 280	223 712	976 637	1 182 510	1 046 060
Trade Creditors Trade Payables			117 688	233 732	157 461
Trade Debtors Trade Receivables	33 880		212 007	208 423	359 523