Proprc Ltd Filleted Accounts Cover
Proprc Ltd
Company No. 10988975
Information for Filing with The Registrar
28 February 2023
Proprc Ltd Directors Report Registrar
The Director presents his report and the accounts for the period ended 28 February 2023.
Principal activities
The principal activity of the company during the period under review was Other letting and operating of own or leased real estate.
Director
The Director who served at any time during the period was as follows:
R. Carlisle
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R. Carlisle
Director
17 November 2023
Proprc Ltd Balance Sheet Registrar
at
28 February 2023
Company No.
10988975
Notes
2023
2021
£
£
Fixed assets
Tangible assets
4
89139
89139
Current assets
Debtors
5
-73,000
Cash at bank and in hand
12,7244,213
12,72477,213
Creditors: Amount falling due within one year
6
(18,401)
(36,705)
Net current (liabilities)/assets
(5,677)
40,508
Total assets less current liabilities
(5,588)
40,647
Net (liabilities)/assets
(5,588)
40,647
Capital and reserves
Called up share capital
11
Profit and loss account
7
(5,589)
40,646
Total equity
(5,588)
40,647
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 November 2023
And signed on its behalf by:
R. Carlisle
Director
17 November 2023
Proprc Ltd Notes to the Accounts Registrar
for the period ended 28 February 2023
1
General information
Its registered number is: 10988975
Its registered office is:
18 Ha'Penny Bridge Way
Victoria Dock
Hull
HU9 1HD
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Furniture, fittings and equipment
20% Reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2023
2021
Number
Number
The average monthly number of employees (including directors) during the period:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 October 2021
340340
At 28 February 2023
340340
Depreciation
At 1 October 2021
201201
Charge for the year
5050
At 28 February 2023
251251
Net book values
At 28 February 2023
8989
At 30 September 2021
139139
5
Debtors
2023
2021
£
£
Other debtors
-73,000
-73,000
6
Creditors:
amounts falling due within one year
2023
2021
£
£
Corporation tax
6,7233,277
Loans from directors
7824,363
Other creditors
11,0008,465
Accruals and deferred income
600600
18,40136,705
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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