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REGISTERED NUMBER: 11173942 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Procuremate Limited

Procuremate Limited (Registered number: 11173942)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Procuremate Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr I Hamilton





REGISTERED OFFICE: 90 Arcot Avenue
Nelson Village
Cramlington
Northumberland
NE23 1EY





REGISTERED NUMBER: 11173942 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Procuremate Limited (Registered number: 11173942)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 12,446 14,642
Tangible assets 5 298 350
12,744 14,992

CURRENT ASSETS
Debtors 6 18,967 5,822
Cash in hand 120 120
19,087 5,942
CREDITORS
Amounts falling due within one year 7 5,687 2,518
NET CURRENT ASSETS 13,400 3,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,144

18,416

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,143 18,415
SHAREHOLDERS' FUNDS 26,144 18,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Procuremate Limited (Registered number: 11173942)

Balance Sheet - continued
31 January 2024


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 6 March 2024 and were signed by:





Mr I Hamilton - Director


Procuremate Limited (Registered number: 11173942)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Procuremate 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.

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.

Intangible assets
Intangible assets are initially measured at cost. fter initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs - 15% reducing balance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Procuremate Limited (Registered number: 11173942)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 February 2023
and 31 January 2024 33,000
AMORTISATION
At 1 February 2023 18,358
Amortisation for year 2,196
At 31 January 2024 20,554
NET BOOK VALUE
At 31 January 2024 12,446
At 31 January 2023 14,642

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 February 2023
and 31 January 2024 790
DEPRECIATION
At 1 February 2023 440
Charge for year 52
At 31 January 2024 492
NET BOOK VALUE
At 31 January 2024 298
At 31 January 2023 350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 131 -
Directors' loan accounts 18,836 5,822
18,967 5,822

Procuremate Limited (Registered number: 11173942)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 73 122
Trade creditors - 444
Tax 3,743 857
Social security and other taxes 393 -
VAT 979 545
Accrued expenses 499 550
5,687 2,518

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£ £
Mr I Hamilton
Balance outstanding at start of year 5,822 (15,042 )
Amounts advanced 32,280 37,417
Amounts repaid (19,266 ) (16,553 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,836 5,822

Procuremate Limited

Report of the Accountants to the Director of
Procuremate Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


6 March 2024