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REGISTERED NUMBER: 11300694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROCURED SOLUTIONS LIMITED

PROCURED SOLUTIONS LIMITED (REGISTERED NUMBER: 11300694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROCURED SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: Mr P Male





Secretary: Mrs R Male





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 11300694 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

PROCURED SOLUTIONS LIMITED (REGISTERED NUMBER: 11300694)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 15,218 17,239

Current assets
Debtors 5 16,476 122,007
Cash at bank 195,990 211,395
212,466 333,402
Creditors
Amounts falling due within one year 6 (63,974 ) (160,608 )
Net current assets 148,492 172,794
Total assets less current liabilities 163,710 190,033

Provisions for liabilities (493 ) (536 )
Net assets 163,217 189,497

Capital and reserves
Called up share capital 8 100 100
Retained earnings 163,117 189,397
Shareholders' funds 163,217 189,497

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 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.

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 director and authorised for issue on 30 July 2024 and were signed by:





Mr P Male - Director


PROCURED SOLUTIONS LIMITED (REGISTERED NUMBER: 11300694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Procured Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Premises - 10% on cost
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Government grants
Government grants represents income received in relation to the Kickstart scheme and is recorded in the period it becomes receivable under the accruals model.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 4 (2023 - 3 ) .

PROCURED SOLUTIONS LIMITED (REGISTERED NUMBER: 11300694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and
Premises fittings Equipment Totals
£ £ £ £
Cost
At 1 May 2023 17,453 334 3,493 21,280
Additions - 308 - 308
At 30 April 2024 17,453 642 3,493 21,588
Depreciation
At 1 May 2023 2,463 83 1,495 4,041
Charge for year 1,745 84 500 2,329
At 30 April 2024 4,208 167 1,995 6,370
Net book value
At 30 April 2024 13,245 475 1,498 15,218
At 30 April 2023 14,990 251 1,998 17,239

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 8,800 74,427
Other debtors 4,441 710
Directors' loan accounts - 46,870
Prepayments and accrued income 3,235 -
16,476 122,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 44,650 45,522
Social security and other taxes - 84
VAT 870 24,885
Other creditors 1,979 3,913
Accrual and Deferred Income 16,300 86,204
Directors' loan accounts 175 -
63,974 160,608

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 14,187 -
Between one and five years 21,033 -
35,220 -

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
100 Share capital £1 100 100

PROCURED SOLUTIONS LIMITED (REGISTERED NUMBER: 11300694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
Mr P Male
Balance outstanding at start of year 46,870 5,191
Amounts advanced 113,669 85,898
Amounts repaid (160,714 ) (44,219 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (175 ) 46,870

It is company policy to charge interest on all overdrawn loan accounts at HMRC official rate of interest. The amount owed at the year end in respect of the above loans was £1,582 (2023: £709) and is included in other debtors.