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REGISTERED NUMBER: 11432218 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Proicere Ltd.

Proicere Ltd. (Registered number: 11432218)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Proicere Ltd.

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K Dooner
D S Ashton





REGISTERED OFFICE: Ragan House
674 Knutsford Road
Warrington
Cheshire
WA4 1JH





REGISTERED NUMBER: 11432218 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

Proicere Ltd. (Registered number: 11432218)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,573 22,063

CURRENT ASSETS
Stocks 140,129 32,681
Debtors 5 44,312 41,279
Cash at bank and in hand 106,883 103,438
291,324 177,398
CREDITORS
Amounts falling due within one year 6 376,691 272,841
NET CURRENT LIABILITIES (85,367 ) (95,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,206

(73,380

)

CREDITORS
Amounts falling due after more than one
year

7

80,539

-
NET LIABILITIES (59,333 ) (73,380 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (59,334 ) (73,381 )
SHAREHOLDERS' FUNDS (59,333 ) (73,380 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 January 2024 and were signed on its behalf by:





K Dooner - Director


Proicere Ltd. (Registered number: 11432218)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Proicere Ltd. 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

Going concern
The company suffered a significant loss during the first year of trading, whilst achieving small profits in the last two financial years such that the company remains technically insolvent as at 30th June 2023. This is largely as a result of setting up a new business, but also partly due to difficulties created by the Covid-19 pandemic. However, the company is currently supported financially by a loan from a company in which the director holds a 50% shareholding. Whilst the loan is repayable on demand, the director has agreement from the funding company not to withdraw the investment whilst Proicere Ltd. establishes a firm footing within the market.

Proicere Ltd. (Registered number: 11432218)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 9,705 - 23,593 33,298
Additions 2,819 105,465 11,748 120,032
At 30 June 2023 12,524 105,465 35,341 153,330
DEPRECIATION
At 1 July 2022 3,526 - 7,709 11,235
Charge for year 2,249 26,366 6,907 35,522
At 30 June 2023 5,775 26,366 14,616 46,757
NET BOOK VALUE
At 30 June 2023 6,749 79,099 20,725 106,573
At 30 June 2022 6,179 - 15,884 22,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 28,532 18,331
Other debtors 15,780 22,948
44,312 41,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 13,361 -
Trade creditors 132,055 103,172
Taxation and social security 66,739 37,361
Other creditors 164,536 132,308
376,691 272,841

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 80,539 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

Proicere Ltd. (Registered number: 11432218)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RESERVES
Retained
earnings
£   

At 1 July 2022 (73,381 )
Profit for the year 14,047
At 30 June 2023 (59,334 )