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REGISTERED NUMBER: SC414294 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

PRO-SAPIEN SOFTWARE LIMITED

PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5


PRO-SAPIEN SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: Mr M D Ferguson
Mr A Gray
Mr G McHarg





REGISTERED OFFICE: 3rd Floor 87 St. Vincent Street
Glasgow
G2 5TF





REGISTERED NUMBER: SC414294 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST JANUARY 2023

2023 2022
Notes £    £   

TURNOVER 1,346,104 1,048,539

Administrative expenses 1,165,295 913,654
OPERATING PROFIT and
PROFIT BEFORE TAXATION 180,809 134,885

Tax on profit 15,439 -
PROFIT FOR THE FINANCIAL YEAR 165,370 134,885

PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,421 4,994

CURRENT ASSETS
Debtors 6 157,187 277,880
Cash at bank and in hand 955,889 581,082
1,113,076 858,962
CREDITORS
Amounts falling due within one year 7 414,250 326,079
NET CURRENT ASSETS 698,826 532,883
TOTAL ASSETS LESS CURRENT LIABILITIES 703,247 537,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 703,147 537,777
SHAREHOLDERS' FUNDS 703,247 537,877

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





Mr M D Ferguson - Director


PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST JANUARY 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st February 2021 100 402,892 402,992

Changes in equity
Total comprehensive income - 134,885 134,885
Balance at 31st January 2022 100 537,777 537,877

Changes in equity
Total comprehensive income - 165,370 165,370
Balance at 31st January 2023 100 703,147 703,247

PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

Pro-Sapien Software Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 2,756 1,996

PRO-SAPIEN SOFTWARE LIMITED (REGISTERED NUMBER: SC414294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2022 17,935
Additions 2,184
At 31st January 2023 20,119
DEPRECIATION
At 1st February 2022 12,942
Charge for year 2,756
At 31st January 2023 15,698
NET BOOK VALUE
At 31st January 2023 4,421
At 31st January 2022 4,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 157,187 277,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 15,439 -
Social security and other taxes 34,477 52,385
Other creditors 6,771 11,048
Accruals 357,563 262,646
414,250 326,079

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.