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REGISTERED NUMBER: 08922328 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRO CENTRE LIMITED

PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRO CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R A Lee
Mr S D Louis
Mr J F Scherer





REGISTERED OFFICE: 14 Union Walk
Hackney
London
E2 8HP





REGISTERED NUMBER: 08922328 (England and Wales)





ACCOUNTANTS: TBW Accountancy Limited
S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE

PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 356,871 377,807

CURRENT ASSETS
Stocks 434,753 595,643
Debtors 5 537,255 1,092,981
Cash at bank and in hand 623,634 1,202,335
1,595,642 2,890,959
CREDITORS
Amounts falling due within one year 6 461,461 406,913
NET CURRENT ASSETS 1,134,181 2,484,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,052

2,861,853

PROVISIONS FOR LIABILITIES 89,218 94,452
NET ASSETS 1,401,834 2,767,401

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 861,997 861,997
Retained earnings 439,837 1,805,404
1,401,834 2,767,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr S D Louis - Director


PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pro Centre 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.
Improvements to property - Length of lease
Hire equipment - at varying rates on cost
Fixtures and fittings - 10% on cost

Stocks
Stocks 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.

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.

PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Hire and
property equipment fittings Totals
£    £    £    £   
COST
At 1 January 2023 2,763 1,151,507 76,237 1,230,507
Additions - 143,532 760 144,292
Disposals - (108,408 ) - (108,408 )
At 31 December 2023 2,763 1,186,631 76,997 1,266,391
DEPRECIATION
At 1 January 2023 2,763 793,630 56,307 852,700
Charge for year - 154,327 5,517 159,844
Eliminated on disposal - (103,024 ) - (103,024 )
At 31 December 2023 2,763 844,933 61,824 909,520
NET BOOK VALUE
At 31 December 2023 - 341,698 15,173 356,871
At 31 December 2022 - 357,877 19,930 377,807


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 202,108 244,461
Amounts owed by group undertakings 283,479 795,255
Other debtors 200 -
Prepayments 51,468 53,265
537,255 1,092,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 61,741 308,679
Amounts owed to group undertakings 225,037 -
Tax 55,413 25,103
Social security and other taxes 10,859 9,296
VAT 73,554 30,045
Other creditors 17,421 2,494
Accrued expenses 17,436 31,296
461,461 406,913

PRO CENTRE LIMITED (REGISTERED NUMBER: 08922328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. ULTIMATE CONTROLLING PARTY

The controlling parties are the directors of the company.

The parent undertaking of Pro Centre Limited is Infrasign Limited, a company registered in the United Kingdom, with registered office at 14 Union Walk, Hackney, London, E2 8HP.

The ultimate parent undertaking of Pro Centre Limited is Infrasign Photography Limited, a company registered in the United Kingdom, with registered office at 14 Union Walk, Hackney, London, E2 8HP.

The ultimate controlling parties are Mr Stephen Louis and Mr Jonathan Scherer.