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REGISTERED NUMBER: 12118352 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROMX UK LIMITED

PROMX UK LIMITED (REGISTERED NUMBER: 12118352)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROMX UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J J Griffin
P A Thompson
P Linke
W Wagner





REGISTERED OFFICE: Unit 3 Marcus Close
Tilehurst
Reading
Berkshire
RG30 4EB





REGISTERED NUMBER: 12118352 (England and Wales)

PROMX UK LIMITED (REGISTERED NUMBER: 12118352)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,626 17,451

CURRENT ASSETS
Debtors 5 106,891 18,101
Cash at bank 67,554 17,453
174,445 35,554
CREDITORS
Amounts falling due within one year 6 133,490 48,070
NET CURRENT ASSETS/(LIABILITIES) 40,955 (12,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,581

4,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,481 4,835
55,581 4,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PROMX UK LIMITED (REGISTERED NUMBER: 12118352)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





P A Thompson - Director


PROMX UK LIMITED (REGISTERED NUMBER: 12118352)

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

1. STATUTORY INFORMATION

proMX UK Limited is a private company, limited by shares, registered in England and Wales (CRN 12118352). The address of its registered office is Unit 3 Marcus Close, Tilehurst, Reading, Berkshire RG30 4EB. The principal activity of the company is the provision of cloud based software solutions.

The company is a subsidiary undertaking of proMX AG, a company registered in Germany.

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.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the supply of services. Revenue is reduced for customer returns, rebates and other similar allowances. Revenue from contracts to provide services is recognised in the period in which the services are carried out having regard to satisfactory fulfilment of contractual obligations.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible fixed assets is charged to profit or loss so as to write off their value,over their estimated useful lives, as below:

Fixtures,fittings and equipment - 20% straight line
Computer Equipment - 25% straight line

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.


PROMX UK LIMITED (REGISTERED NUMBER: 12118352)

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

2. ACCOUNTING POLICIES - continued
Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

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 directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading and have accordingly prepared the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

PROMX UK LIMITED (REGISTERED NUMBER: 12118352)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 153 18,858 19,011
Additions - 2,561 2,561
At 31 December 2023 153 21,419 21,572
DEPRECIATION
At 1 January 2023 53 1,507 1,560
Charge for year 31 5,355 5,386
At 31 December 2023 84 6,862 6,946
NET BOOK VALUE
At 31 December 2023 69 14,557 14,626
At 31 December 2022 100 17,351 17,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 76,065 6,018
Amounts owed by group undertakings - 8,131
Amounts owed by associates 8,140 -
Other debtors 22,686 3,952
106,891 18,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 311 89
Amounts owed to group undertakings 69,107 17,139
Amounts owed to associates - 1,161
Taxation and social security 42,838 20,672
Other creditors 21,234 9,009
133,490 48,070