3 01/08/2022 31/07/2023 2023-07-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-08-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04837576 2022-08-01 2023-07-31 04837576 2023-07-31 04837576 2022-07-31 04837576 2021-08-01 2022-07-31 04837576 2022-07-31 04837576 2021-07-31 04837576 bus:RegisteredOffice 2022-08-01 2023-07-31 04837576 bus:Director1 2022-08-01 2023-07-31 04837576 bus:Director2 2022-08-01 2023-07-31 04837576 bus:CompanySecretary1 2022-08-01 2023-07-31 04837576 core:PlantMachinery 2022-07-31 04837576 core:MotorVehicles 2022-07-31 04837576 core:PlantMachinery 2023-07-31 04837576 core:MotorVehicles 2023-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 04837576 core:WithinOneYear 2023-07-31 04837576 core:WithinOneYear 2022-07-31 04837576 core:ShareCapital 2023-07-31 04837576 core:ShareCapital 2022-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2023-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2022-07-31 04837576 core:ShareCapital 2021-07-31 04837576 core:RetainedEarningsAccumulatedLosses 2021-07-31 04837576 core:PreviouslyStatedAmount core:ShareCapital 2023-07-31 04837576 core:PlantMachinery 2022-08-01 2023-07-31 04837576 core:MotorVehicles 2022-08-01 2023-07-31 04837576 core:PlantMachinery 2022-07-31 04837576 core:MotorVehicles 2022-07-31 04837576 bus:Director1 2021-07-31 04837576 bus:Director2 2021-07-31 04837576 bus:Director1 2021-08-01 2022-07-31 04837576 bus:Director2 2021-08-01 2022-07-31 04837576 bus:SmallEntities 2022-08-01 2023-07-31 04837576 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04837576 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04837576 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04837576 bus:FullAccounts 2022-08-01 2023-07-31
Company registration number: 04837576
Procreation UK Limited
Unaudited filleted financial statements
31 July 2023
Procreation UK Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Procreation UK Limited
Directors and other information
Directors Mr Matthew Francis
Mrs Joanne Francis
Secretary Mr Matthew Francis
Company number 04837576
Registered office 59 Hampton Road
Teddington
Middlesex
TW11 0LA
Business address 59 Hampton Road
Teddington
Middlesex
TW11 0LA
Procreation UK Limited
Statement of financial position
31 July 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 62,090 70,988
_______ _______
62,090 70,988
Current assets
Debtors 6 285,838 88,798
Cash at bank and in hand 4,384 269,042
_______ _______
290,222 357,840
Creditors: amounts falling due
within one year 7 ( 83,393) ( 120,665)
_______ _______
Net current assets 206,829 237,175
_______ _______
Total assets less current liabilities 268,919 308,163
Provisions for liabilities ( 4,331) ( 6,528)
_______ _______
Net assets 264,588 301,635
_______ _______
Capital and reserves
Called up share capital 300 300
Profit and loss account 264,288 301,335
_______ _______
Shareholders funds 264,588 301,635
_______ _______
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 March 2024 , and are signed on behalf of the board by:
Mr Matthew Francis Mrs Joanne Francis
Director Director
Company registration number: 04837576
Procreation UK Limited
Statement of changes in equity
Year ended 31 July 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2021 300 348,746 349,046
(Loss)/profit for the year 138,597 138,597
_______ _______ _______
Total comprehensive income for the year - 138,597 138,597
Dividends paid and payable ( 186,008) ( 186,008)
_______ _______ _______
Total investments by and distributions to owners - ( 186,008) ( 186,008)
_______ _______ _______
At 31 July 2022 and 1 August 2022 300 301,335 301,635
(Loss)/profit for the year ( 37,047) ( 37,047)
_______ _______ _______
Total comprehensive income for the year - ( 37,047) ( 37,047)
_______ _______ _______
At 31 July 2023 300 264,288 264,588
_______ _______ _______
Procreation UK Limited
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Procreation UK Limited, 59 Hampton Road, Teddington, Middlesex, TW11 0LA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
Defined contribution plans
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2022 215,790 87,158 302,948
Additions 9,924 - 9,924
_______ _______ _______
At 31 July 2023 225,714 87,158 312,872
_______ _______ _______
Depreciation
At 1 August 2022 209,405 22,555 231,960
Charge for the year 3,275 15,547 18,822
_______ _______ _______
At 31 July 2023 212,680 38,102 250,782
_______ _______ _______
Carrying amount
At 31 July 2023 13,034 49,056 62,090
_______ _______ _______
At 31 July 2022 6,385 64,603 70,988
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 105,332 87,443
Other debtors 180,506 1,355
_______ _______
285,838 88,798
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 21,856 13,161
Corporation tax - 12,793
Social security and other taxes 29,655 43,128
Other creditors 31,882 51,583
_______ _______
83,393 120,665
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Matthew Francis - - -
Mrs Joanne Francis - - -
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Matthew Francis ( 17,676) 17,676 -
Mrs Joanne Francis ( 17,675) 17,675 -
_______ _______ _______
( 35,351) 35,351 -
_______ _______ _______