IRIS Accounts Production v23.3.0.418 05134503 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051345032022-03-31051345032023-03-31051345032022-04-012023-03-31051345032021-03-31051345032021-04-012022-03-31051345032022-03-3105134503ns10:Originalns15:EnglandWales2022-04-012023-03-3105134503ns14:PoundSterlingns10:Original2022-04-012023-03-3105134503ns10:Originalns10:Director12022-04-012023-03-3105134503ns10:Original2022-04-012023-03-3105134503ns10:Original2023-03-3105134503ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105134503ns10:Originalns10:SmallEntities2022-04-012023-03-3105134503ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105134503ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105134503ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105134503ns10:Originalns10:FullAccounts2022-04-012023-03-3105134503ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3105134503ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105134503ns10:Original2022-03-3105134503ns10:Originalns5:CurrentFinancialInstruments2023-03-3105134503ns10:Originalns5:CurrentFinancialInstruments2022-03-3105134503ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105134503ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105134503ns5:ShareCapitalns10:Original2023-03-3105134503ns5:ShareCapitalns10:Original2022-03-3105134503ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105134503ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105134503ns10:Originalns5:PlantMachinery2022-04-012023-03-3105134503ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105134503ns10:Originalns5:MotorVehicles2022-04-012023-03-3105134503ns10:Originalns5:ComputerEquipment2022-04-012023-03-3105134503ns10:Original2021-04-012022-03-3105134503ns10:Originalns5:PlantMachinery2022-03-3105134503ns10:Originalns5:FurnitureFittings2022-03-3105134503ns10:Originalns5:MotorVehicles2022-03-3105134503ns10:Originalns5:ComputerEquipment2022-03-3105134503ns10:Original2022-03-3105134503ns10:Originalns5:PlantMachinery2023-03-3105134503ns10:Originalns5:FurnitureFittings2023-03-3105134503ns10:Originalns5:MotorVehicles2023-03-3105134503ns10:Originalns5:ComputerEquipment2023-03-3105134503ns10:Originalns5:PlantMachinery2022-03-3105134503ns10:Originalns5:FurnitureFittings2022-03-3105134503ns10:Originalns5:MotorVehicles2022-03-3105134503ns10:Originalns5:ComputerEquipment2022-03-3105134503ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105134503ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105134503ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 05134503 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PROPLATE LIMITED

PROPLATE LIMITED (REGISTERED NUMBER: 05134503)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPLATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: R C Lamb





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: Unit 17
Armstrong Road
Manor Trading Estate
Benfleet
Essex
SS7 4PW





REGISTERED NUMBER: 05134503 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

PROPLATE LIMITED (REGISTERED NUMBER: 05134503)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,032 29,809

CURRENT ASSETS
Stocks 16,580 14,679
Debtors 5 79,581 72,488
Cash at bank and in hand 99,721 99,755
195,882 186,922
CREDITORS
Amounts falling due within one year 6 82,697 81,662
NET CURRENT ASSETS 113,185 105,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,217

135,069

CREDITORS
Amounts falling due after more than one
year

7

(34,722

)

(46,509

)

PROVISIONS FOR LIABILITIES (5,508 ) (6,984 )
NET ASSETS 94,987 81,576

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 94,986 81,575
SHAREHOLDERS' FUNDS 94,987 81,576

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PROPLATE LIMITED (REGISTERED NUMBER: 05134503)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 20 November 2023 and were signed by:





R C Lamb - Director


PROPLATE LIMITED (REGISTERED NUMBER: 05134503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Proplate 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 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

PROPLATE LIMITED (REGISTERED NUMBER: 05134503)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 57,263 3,226 45,781 7,452 113,722
DEPRECIATION
At 1 April 2022 47,484 2,502 27,052 6,875 83,913
Charge for year 2,446 73 4,682 576 7,777
At 31 March 2023 49,930 2,575 31,734 7,451 91,690
NET BOOK VALUE
At 31 March 2023 7,333 651 14,047 1 22,032
At 31 March 2022 9,779 724 18,729 577 29,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,543 66,535
Other debtors 6,038 5,953
79,581 72,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 6,231 7,477
Trade creditors 11,558 7,119
Taxation and social security 45,272 43,886
Other creditors 14,080 17,624
82,697 81,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,722 40,278
Hire purchase contracts - 6,231
34,722 46,509

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 18,056

PROPLATE LIMITED (REGISTERED NUMBER: 05134503)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1