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REGISTERED NUMBER: 03794332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Pro-Scape Limited

Pro-Scape Limited (Registered number: 03794332)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pro-Scape Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: E Lovick





REGISTERED OFFICE: Burnside
Bury Road Whepstead
Bury St Edmunds
Suffolk
IP29 4SZ





REGISTERED NUMBER: 03794332 (England and Wales)





ACCOUNTANTS: Mead Accounting Limited
Chartered Certified Accountants
The Stables
Summer Road
Walsham Le Willows
Suffolk
IP31 3AJ

Pro-Scape Limited (Registered number: 03794332)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 111,198 91,869

CURRENT ASSETS
Stocks 71,368 51,531
Debtors 6 688,081 711,154
Cash at bank 1 1
759,450 762,686
CREDITORS
Amounts falling due within one year 7 578,090 528,244
NET CURRENT ASSETS 181,360 234,442
TOTAL ASSETS LESS CURRENT LIABILITIES 292,558 326,311

CREDITORS
Amounts falling due after more than one
year

8

(66,297

)

(110,206

)

PROVISIONS FOR LIABILITIES 10 (14,568 ) (13,076 )
NET ASSETS 211,693 203,029

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 211,593 202,929
SHAREHOLDERS' FUNDS 211,693 203,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pro-Scape Limited (Registered number: 03794332)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





E Lovick - Director


Pro-Scape Limited (Registered number: 03794332)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pro-Scape 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Income is recognised as receivable when the company obtains the right to receive consideration in return for its performance under its contracts.

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 - 15% on cost
Motor vehicles - 20% on cost

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments (but excluding investment properties), are assessed to determine whether there is an indication that those assets have suffered an impairment loss. If any indication arises, the recoverable amount is estimated and compared to its carrying amount to determine if an impairment loss has arisen.
If the recoverable amount is lower, the carrying amount of the asset is written down to its recoverable amount and an impairment loss is recognised in profit and loss.
Recoverable amount of the asset is the higher of its value in use and its net realisable value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date, an assessment is also made for impairment with any adjustments being recognised in the profit and loss account.

Pro-Scape Limited (Registered number: 03794332)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from financial institutions or other related parties.

Debts instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, ,are measured initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Pro-Scape Limited (Registered number: 03794332)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 40 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 482,042
Additions 57,373
Disposals (237,289 )
At 31 October 2023 302,126
DEPRECIATION
At 1 November 2022 390,173
Charge for year 37,985
Eliminated on disposal (237,230 )
At 31 October 2023 190,928
NET BOOK VALUE
At 31 October 2023 111,198
At 31 October 2022 91,869

Pro-Scape Limited (Registered number: 03794332)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 38,695
Additions 34,125
At 31 October 2023 72,820
DEPRECIATION
At 1 November 2022 11,747
Charge for year 11,309
At 31 October 2023 23,056
NET BOOK VALUE
At 31 October 2023 49,764
At 31 October 2022 26,948

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 565,816 599,011
Other debtors 7,718 27,522
573,534 626,533

Amounts falling due after more than one year:
Trade debtors 114,547 84,621

Aggregate amounts 688,081 711,154

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 194,641 140,343
Hire purchase contracts 18,864 12,934
Trade creditors 313,690 338,082
Taxation and social security 31,699 20,885
Other creditors 19,196 16,000
578,090 528,244

Included within other creditors is an amount owed to the directors amounting to £8,414 (2022 - £8,102)

Pro-Scape Limited (Registered number: 03794332)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
CBILS loans 49,179 101,216
Hire purchase contracts 17,118 8,990
66,297 110,206

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank overdrafts 142,604 92,067
Hire purchase contracts 35,982 21,924
178,586 113,991

The bank overdraft is secured by a fixed and floating charge over the company's assets.
Amounts due in respect of individual assets acquired under Hire Purchase arrangements are secured on the assets acquired.

10. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Tax losses carried forward (6,560 ) (4,379 )
Accelerated capital allowances 21,128 17,455
14,568 13,076

Deferred
tax
£   
Balance at 1 November 2022 13,076
Provided during year 1,492
Balance at 31 October 2023 14,568

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100