IRIS Accounts Production v22.1.4.3 08828821 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088288212020-12-31088288212021-12-31088288212021-01-012021-12-31088288212019-12-31088288212020-01-012020-12-31088288212020-12-3108828821ns16:EnglandWales2021-01-012021-12-3108828821ns15:PoundSterling2021-01-012021-12-3108828821ns11:Director12021-01-012021-12-3108828821ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3108828821ns11:SmallEntities2021-01-012021-12-3108828821ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3108828821ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3108828821ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3108828821ns11:FullAccounts2021-01-012021-12-3108828821ns11:OrdinaryShareClass22021-01-012021-12-3108828821ns11:OrdinaryShareClass32021-01-012021-12-3108828821ns11:Director22021-01-012021-12-3108828821ns11:RegisteredOffice2021-01-012021-12-3108828821ns6:CurrentFinancialInstruments2021-12-3108828821ns6:CurrentFinancialInstruments2020-12-3108828821ns6:ShareCapital2021-12-3108828821ns6:ShareCapital2020-12-3108828821ns6:RetainedEarningsAccumulatedLosses2021-12-3108828821ns6:RetainedEarningsAccumulatedLosses2020-12-3108828821ns6:PlantMachinery2021-01-012021-12-3108828821ns6:FurnitureFittings2021-01-012021-12-3108828821ns6:PlantMachinery2020-12-3108828821ns6:FurnitureFittings2020-12-3108828821ns6:MotorVehicles2020-12-3108828821ns6:MotorVehicles2021-01-012021-12-3108828821ns6:PlantMachinery2021-12-3108828821ns6:FurnitureFittings2021-12-3108828821ns6:MotorVehicles2021-12-3108828821ns6:PlantMachinery2020-12-3108828821ns6:FurnitureFittings2020-12-3108828821ns6:MotorVehicles2020-12-3108828821ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3108828821ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3108828821ns11:OrdinaryShareClass22021-12-3108828821ns11:OrdinaryShareClass32021-12-31
REGISTERED NUMBER: 08828821 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Propolis Process Solutions Limited

Propolis Process Solutions Limited (Registered number: 08828821)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Propolis Process Solutions Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mrs S J Valentine-Bull
Mr A Bull





REGISTERED OFFICE: 57 Rose Hill Drive
Dodworth
Barnsley
South Yorkshire
S75 3LY





REGISTERED NUMBER: 08828821 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Propolis Process Solutions Limited (Registered number: 08828821)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,443 10,313

CURRENT ASSETS
Debtors 6 12,823 13,332
Cash at bank and in hand 35,505 22,408
48,328 35,740
CREDITORS
Amounts falling due within one year 7 34,985 28,066
NET CURRENT ASSETS 13,343 7,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,786

17,987

PROVISIONS FOR LIABILITIES 1,604 1,833
NET ASSETS 20,182 16,154

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 20,082 16,054
SHAREHOLDERS' FUNDS 20,182 16,154

Propolis Process Solutions Limited (Registered number: 08828821)

Balance Sheet - continued
31 December 2021


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





Mrs S J Valentine-Bull - Director


Propolis Process Solutions Limited (Registered number: 08828821)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Propolis Process Solutions 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention. The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2022 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Propolis Process Solutions Limited (Registered number: 08828821)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021 6,269 1,069 9,000 16,338
Additions 1,809 100 - 1,909
At 31 December 2021 8,078 1,169 9,000 18,247
DEPRECIATION
At 1 January 2021 3,270 505 2,250 6,025
Charge for year 1,992 99 1,688 3,779
At 31 December 2021 5,262 604 3,938 9,804
NET BOOK VALUE
At 31 December 2021 2,816 565 5,062 8,443
At 31 December 2020 2,999 564 6,750 10,313

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 12,823 13,332

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 120
Taxation and social security 14,834 8,189
Other creditors 20,151 19,757
34,985 28,066

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
90 A Ordinary £1 90 90
10 B Ordinary £1 10 10
100 100