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REGISTERED NUMBER: 08075034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PROFICLAD UK LTD

PROFICLAD UK LTD (REGISTERED NUMBER: 08075034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROFICLAD UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Ihnat
Mr S Doibani





REGISTERED OFFICE: 127 Springfield Road
Morley
Leeds
West Yorkshire
LS27 9TA





REGISTERED NUMBER: 08075034 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

PROFICLAD UK LTD (REGISTERED NUMBER: 08075034)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 36,395 47,807

CURRENT ASSETS
Inventories 145,122 133,146
Debtors 5 1,280,744 898,034
Cash at bank 182,240 83,795
1,608,106 1,114,975
CREDITORS
Amounts falling due within one year 6 759,719 670,875
NET CURRENT ASSETS 848,387 444,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,782

491,907

CREDITORS
Amounts falling due after more than
one year

7

-

3,883
NET ASSETS 884,782 488,024

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 884,682 487,924
SHAREHOLDERS' FUNDS 884,782 488,024

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

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

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 7 May 2024 and were signed on its behalf by:



Mr P Ihnat - Director


PROFICLAD UK LTD (REGISTERED NUMBER: 08075034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Proficlad UK 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
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

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 ) .

PROFICLAD UK LTD (REGISTERED NUMBER: 08075034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 23,676 122,176 - 145,852
Additions - - 719 719
At 31 March 2024 23,676 122,176 719 146,571
DEPRECIATION
At 1 April 2023 22,554 75,491 - 98,045
Charge for year 280 11,671 180 12,131
At 31 March 2024 22,834 87,162 180 110,176
NET BOOK VALUE
At 31 March 2024 842 35,014 539 36,395
At 31 March 2023 1,122 46,685 - 47,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 645,872 263,162
Other debtors 634,872 634,872
1,280,744 898,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 478 247,512
Hire purchase contracts - 15,490
Trade creditors - 129,907
Taxation and social security 755,442 275,315
Other creditors 3,799 2,651
759,719 670,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 3,883

8. RELATED PARTY DISCLOSURES

At the year end the directors owed the company £499,329 (2023: £499,329) .