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REGISTERED NUMBER: 06304677 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Prodem Demolition & Asbestos Ltd

Prodem Demolition & Asbestos Ltd (Registered number: 06304677)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prodem Demolition & Asbestos Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M P Cross
S M Cross





SECRETARY: Mrs E Cross





REGISTERED OFFICE: Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ





REGISTERED NUMBER: 06304677 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Prodem Demolition & Asbestos Ltd (Registered number: 06304677)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 137,463 101,741
137,463 101,741

CURRENT ASSETS
Debtors 6 108,056 15,084
Cash at bank 2,395 3,288
110,451 18,372
CREDITORS
Amounts falling due within one year 7 207,883 78,383
NET CURRENT LIABILITIES (97,432 ) (60,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,031

41,730

CREDITORS
Amounts falling due after more than one year 8 (10,833 ) (20,833 )

PROVISIONS FOR LIABILITIES (26,118 ) (19,331 )
NET ASSETS 3,080 1,566

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,980 1,466
SHAREHOLDERS' FUNDS 3,080 1,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Prodem Demolition & Asbestos Ltd (Registered number: 06304677)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





M P Cross - Director


Prodem Demolition & Asbestos Ltd (Registered number: 06304677)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Prodem Demolition & Asbestos 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

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.

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.

Prodem Demolition & Asbestos Ltd (Registered number: 06304677)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 45,000
AMORTISATION
At 1 May 2023
and 30 April 2024 45,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 277,445 35,856 313,301
Additions 59,500 - 59,500
Disposals (17,750 ) (35,856 ) (53,606 )
At 30 April 2024 319,195 - 319,195
DEPRECIATION
At 1 May 2023 178,995 32,565 211,560
Charge for year 14,633 - 14,633
Eliminated on disposal (11,896 ) (32,565 ) (44,461 )
At 30 April 2024 181,732 - 181,732
NET BOOK VALUE
At 30 April 2024 137,463 - 137,463
At 30 April 2023 98,450 3,291 101,741

Prodem Demolition & Asbestos Ltd (Registered number: 06304677)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 91,766 13,939
Other debtors 16,290 1,145
108,056 15,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,435 16,831
Taxation and social security 10,550 8,024
Other creditors 173,898 43,528
207,883 78,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833