IRIS Accounts Production v23.2.0.158 03220009 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false true false Ordinary 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032200092022-01-31032200092023-01-31032200092022-02-012023-01-31032200092021-01-31032200092021-02-012022-01-31032200092022-01-3103220009ns10:Originalns15:EnglandWales2022-02-012023-01-3103220009ns14:PoundSterlingns10:Original2022-02-012023-01-3103220009ns10:Originalns10:Director12022-02-012023-01-3103220009ns10:Original2022-02-012023-01-3103220009ns10:Original2023-01-3103220009ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3103220009ns10:Originalns10:SmallEntities2022-02-012023-01-3103220009ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3103220009ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103220009ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3103220009ns10:Originalns10:FullAccounts2022-02-012023-01-3103220009ns10:Original12022-02-012023-01-3103220009ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3103220009ns10:Originalns10:OrdinaryShareClass22022-02-012023-01-3103220009ns10:OrdinaryShareClass3ns10:Original2022-02-012023-01-3103220009ns10:Originalns10:Director22022-02-012023-01-3103220009ns10:Originalns10:RegisteredOffice2022-02-012023-01-3103220009ns10:Original2022-01-3103220009ns10:Originalns5:CurrentFinancialInstruments2023-01-3103220009ns10:Originalns5:CurrentFinancialInstruments2022-01-3103220009ns5:ShareCapitalns10:Original2023-01-3103220009ns5:ShareCapitalns10:Original2022-01-3103220009ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3103220009ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103220009ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-02-012023-01-3103220009ns10:Originalns5:ComputerSoftware2022-02-012023-01-3103220009ns10:Originalns5:FurnitureFittings2022-02-012023-01-3103220009ns10:Originalns5:ComputerEquipment2022-02-012023-01-3103220009ns10:Original2021-02-012022-01-3103220009ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-3103220009ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-3103220009ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-01-3103220009ns10:Originalns5:FurnitureFittings2022-01-3103220009ns10:Originalns5:ComputerEquipment2022-01-3103220009ns10:Original2022-01-3103220009ns10:Originalns5:FurnitureFittings2023-01-3103220009ns10:Originalns5:ComputerEquipment2023-01-3103220009ns10:Originalns5:FurnitureFittings2022-01-3103220009ns10:Originalns5:ComputerEquipment2022-01-3103220009ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103220009ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3103220009ns10:Originalns10:OrdinaryShareClass12023-01-3103220009ns10:Originalns10:OrdinaryShareClass22023-01-3103220009ns10:OrdinaryShareClass3ns10:Original2023-01-31
REGISTERED NUMBER: 03220009 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

PROFERCY LIMITED

PROFERCY LIMITED (REGISTERED NUMBER: 03220009)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFERCY LIMITED

COMPANY INFORMATION
for the year ended 31 January 2023







DIRECTORS: Mrs S A Yearsley
C Yearsley



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 03220009 (England and Wales)



BANKERS: Lloyds TSB Bank Plc
147 High Street
Guildford
Surrey
GH1 3AG

PROFERCY LIMITED (REGISTERED NUMBER: 03220009)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,860 7,032
Tangible assets 5 6,917 9,833
11,777 16,865

CURRENT ASSETS
Debtors 6 216,903 178,023
Cash at bank and in hand 1,353,505 783,152
1,570,408 961,175
CREDITORS
Amounts falling due within one year 7 754,288 455,248
NET CURRENT ASSETS 816,120 505,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,897

522,792

PROVISIONS FOR LIABILITIES 1,314 1,798
NET ASSETS 826,583 520,994

CAPITAL AND RESERVES
Called up share capital 8 107,402 107,402
Retained earnings 719,181 413,592
SHAREHOLDERS' FUNDS 826,583 520,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

PROFERCY LIMITED (REGISTERED NUMBER: 03220009)

BALANCE SHEET - continued
31 January 2023


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 Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





C Yearsley - Director


PROFERCY LIMITED (REGISTERED NUMBER: 03220009)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Profercy 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of gross invoiced sales (excluding any trade discounts) of goods and services provided in the normal course of business. Revenue is recognised in respect of the service contracts when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

PROFERCY LIMITED (REGISTERED NUMBER: 03220009)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 10,860
AMORTISATION
At 1 February 2022 3,828
Charge for year 2,172
At 31 January 2023 6,000
NET BOOK VALUE
At 31 January 2023 4,860
At 31 January 2022 7,032

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 31,336 41,828 73,164
DEPRECIATION
At 1 February 2022 25,893 37,438 63,331
Charge for year 817 2,099 2,916
At 31 January 2023 26,710 39,537 66,247
NET BOOK VALUE
At 31 January 2023 4,626 2,291 6,917
At 31 January 2022 5,443 4,390 9,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149,750 144,349
Other debtors 67,153 33,674
216,903 178,023

PROFERCY LIMITED (REGISTERED NUMBER: 03220009)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 141,598 29,281
Other creditors 612,690 425,967
754,288 455,248

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
71,602 Ordinary £1 71,602 71,602
17,900 Ordinary B £1 17,900 17,900
17,900 Ordinary C £1 17,900 17,900
107,402 107,402

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £7,176 (2022 - £511,361). Balance outstanding at the period end amounted to £8,031 (2022 - £1,310).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged on the directors loan account in accordance with HMRC official rate.

11. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.