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REGISTERED NUMBER: 03159294 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Professional Response Limited

Professional Response Limited (Registered number: 03159294)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Professional Response Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Miss C H Dungworth
Miss L J H Dungworth





SECRETARY: Miss C H Dungworth





REGISTERED OFFICE: Howley Park Road East
Morley
Leeds
West Yorkshire
LS27 0SW





REGISTERED NUMBER: 03159294 (England and Wales)





ACCOUNTANTS: Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA

Professional Response Limited (Registered number: 03159294)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,731 86,932
Investments 5 555,502 555,502
680,233 642,434

CURRENT ASSETS
Debtors 6 2,333,013 1,689,878
Cash at bank and in hand 916,149 981,842
3,249,162 2,671,720
CREDITORS
Amounts falling due within one year 7 945,414 781,644
NET CURRENT ASSETS 2,303,748 1,890,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,983,981

2,532,510

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,983,977 2,532,506
SHAREHOLDERS' FUNDS 2,983,981 2,532,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 28 November 2023 and were signed on its behalf by:



Miss L J H Dungworth - Director


Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Professional Response 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.

Revenue from services are recognised when services are delivered and legal title passes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 76 (2022 - 60 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 26,883 19,277 146,335 41,911 234,406
Additions - - 97,402 4,408 101,810
Disposals - - (73,894 ) - (73,894 )
At 28 February 2023 26,883 19,277 169,843 46,319 262,322
DEPRECIATION
At 1 March 2022 21,380 17,677 73,596 34,821 147,474
Charge for year 825 240 36,690 2,875 40,630
Eliminated on disposal - - (50,513 ) - (50,513 )
At 28 February 2023 22,205 17,917 59,773 37,696 137,591
NET BOOK VALUE
At 28 February 2023 4,678 1,360 110,070 8,623 124,731
At 28 February 2022 5,503 1,600 72,739 7,090 86,932

Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 37,050
Disposals (37,050 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 25,327
Eliminated on disposal (25,327 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 11,723

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 555,502
NET BOOK VALUE
At 28 February 2023 555,502
At 28 February 2022 555,502

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,415,936 770,742
Amounts owed by group undertakings 838,070 846,186
Other debtors 79,007 72,950
2,333,013 1,689,878

Professional Response Limited (Registered number: 03159294)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts - 3,647
Trade creditors 324,970 255,006
Amounts owed to group undertakings 3,091 -
Taxation and social security 388,200 278,555
Other creditors 229,153 244,436
945,414 781,644

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Miss C H Dungworth
Balance outstanding at start of year (24,329 ) (35,436 )
Amounts advanced 38,662 11,107
Amounts repaid (15,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (667 ) (24,329 )

Miss L J H Dungworth
Balance outstanding at start of year - (19,000 )
Amounts advanced 23,750 26,625
Amounts repaid (24,000 ) (7,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (250 ) -

The directors provided interest free loans to the company of £917 and in 2022 £24,329.

9. RELATED PARTY DISCLOSURES

During the year dividends of £209,000 were paid to Professional Response (Holdings) Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Professional Response (Holdings)Ltd.

The company's Ultimate controlling party is Professional Response (Holdings) Limited, whose registered office and principal place of business is Howley Park Industrial Estate, Howley Park Road East, Morley, Leeds, West Yorkshire, England, LS27 0QR.