Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity42truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11131932 2022-02-01 2023-01-31 11131932 2021-02-01 2022-01-31 11131932 2023-01-31 11131932 2022-01-31 11131932 c:Director1 2022-02-01 2023-01-31 11131932 d:MotorVehicles 2022-02-01 2023-01-31 11131932 d:MotorVehicles 2023-01-31 11131932 d:MotorVehicles 2022-01-31 11131932 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 11131932 d:CurrentFinancialInstruments 2023-01-31 11131932 d:CurrentFinancialInstruments 2022-01-31 11131932 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11131932 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11131932 d:ShareCapital 2023-01-31 11131932 d:ShareCapital 2022-01-31 11131932 d:RetainedEarningsAccumulatedLosses 2023-01-31 11131932 d:RetainedEarningsAccumulatedLosses 2022-01-31 11131932 c:FRS102 2022-02-01 2023-01-31 11131932 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11131932 c:FullAccounts 2022-02-01 2023-01-31 11131932 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11131932 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 11131932









PRO 2 CONSTRUCTION LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
PRO 2 CONSTRUCTION LTD
REGISTERED NUMBER: 11131932

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,152
14,870

  
11,152
14,870

Current assets
  

Debtors: amounts falling due within one year
 5 
3,075
2,516

Cash at bank and in hand
 6 
145,491
83,108

  
148,566
85,624

Creditors: amounts falling due within one year
 7 
(55,016)
(46,409)

Net current assets
  
 
 
93,550
 
 
39,215

Total assets less current liabilities
  
104,702
54,085

  

Net assets
  
104,702
54,085


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
104,602
53,985

  
104,702
54,085


Page 1

 
PRO 2 CONSTRUCTION LTD
REGISTERED NUMBER: 11131932
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Duffy
Director

Date: 26 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PRO 2 CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Pro 2 Construction Ltd is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 11131932.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
PRO 2 CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
Page 4

 
PRO 2 CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 February 2022
19,990



At 31 January 2023

19,990



Depreciation


At 1 February 2022
5,120


Charge for the year on owned assets
3,718



At 31 January 2023

8,838



Net book value



At 31 January 2023
11,152



At 31 January 2022
14,870


5.


Debtors

2023
2022
£
£

Page 5

 
PRO 2 CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.Debtors (continued)


Other debtors
559
-

Tax recoverable
2,516
2,516

3,075
2,516



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
145,491
83,108

145,491
83,108



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
32,257
21,942

Other taxation and social security
7,868
5,387

Other creditors
13,391
17,580

Accruals and deferred income
1,500
1,500

55,016
46,409


 
Page 6