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REGISTERED NUMBER: 02944342 (England and Wales)
















Process Benchmarking Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Process Benchmarking Ltd (Registered number: 02944342)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Process Benchmarking Ltd

Company Information
for the Year Ended 31st December 2023







Directors: Mr A R Lloyd
Mr M I Bell
Mrs I L Russell
Miss J Lane
Mrs L Baxter
Mr J W Payne





Registered office: 1 Bromley Lane
Chislehurst
Kent
BR7 6LH





Registered number: 02944342 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Process Benchmarking Ltd (Registered number: 02944342)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £   
Current assets
Debtors 5 1,986,721 2,364,882
Cash at bank 1,152,597 642,606
3,139,318 3,007,488
Creditors
Amounts falling due within one year 6 2,201,206 1,986,966
Net current assets 938,112 1,020,522
Total assets less current liabilities 938,112 1,020,522

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 937,112 1,019,522
938,112 1,020,522

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2024 and were signed on its behalf by:





Mr A R Lloyd - Director


Process Benchmarking Ltd (Registered number: 02944342)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. Statutory information

Process Benchmarking 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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 50% on cost

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 30 (2022 - 30 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st January 2023
and 31st December 2023 31,090
Depreciation
At 1st January 2023
and 31st December 2023 31,090
Net book value
At 31st December 2023 -
At 31st December 2022 -

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 184,804 167,886
Amounts owed by group undertakings 1,794,127 2,189,627
Other debtors 7,790 7,369
1,986,721 2,364,882

Process Benchmarking Ltd (Registered number: 02944342)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 4,217 3,604
Taxation and social security 504,931 391,928
Other creditors 1,692,058 1,591,434
2,201,206 1,986,966

7. Ultimate parent company

With effect from 1st July 2023 the ultimate parent company is Process Benchmarking Trustees Ltd, a company incorporated in England and Wales.Before this date the ultimate parent company was Process Benchmarking Holdings Ltd, a company incorporated in England and Wales