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REGISTERED NUMBER: 03375581 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PROCAD CONSULTANTS LIMITED

PROCAD CONSULTANTS LIMITED (REGISTERED NUMBER: 03375581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROCAD CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A Rigby





SECRETARY: N Rigby





REGISTERED OFFICE: Dew Pond Farm
Castle Farm Road
Lytchett Matravers
Poole
Dorset
BH16 6DA





REGISTERED NUMBER: 03375581 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

PROCAD CONSULTANTS LIMITED (REGISTERED NUMBER: 03375581)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,718 24,661

CURRENT ASSETS
Stocks 25,500 89,600
Debtors 5 497 450
Cash at bank 4,273 13,693
30,270 103,743
CREDITORS
Amounts falling due within one year 6 106,345 104,390
NET CURRENT LIABILITIES (76,075 ) (647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,357

)

24,014

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (57,357 ) 23,014
SHAREHOLDERS' FUNDS (56,357 ) 24,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





A Rigby - Director


PROCAD CONSULTANTS LIMITED (REGISTERED NUMBER: 03375581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Procad Consultants 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

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 - 10% on cost
Plant & Equipment - 25% on reducing balance
Computer Equipment - 33% 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.


PROCAD CONSULTANTS LIMITED (REGISTERED NUMBER: 03375581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on a going concern basis. This basis may not be appropriate as current liabilities exceeded current assets by £76,075 at 30 November 2023 and at that date the Company was insolvent to the extent of £56,357. These factors indicate that the Company may not be able to continue trading. The Company is reliant on the continuing support of the director and there is no evidence that this support will be withdrawn.

Should the company be unable to continue trading, adjustments would have been made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities which might arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant & Computer
property Equipment Equipment Totals
£    £    £    £   
COST
At 1 December 2022 28,773 24,550 1,249 54,572
Additions - 1,779 - 1,779
Disposals - (3,645 ) (1,249 ) (4,894 )
At 30 November 2023 28,773 22,684 - 51,457
DEPRECIATION
At 1 December 2022 13,072 15,624 1,215 29,911
Charge for year 2,877 2,298 - 5,175
Eliminated on disposal - (2,132 ) (1,215 ) (3,347 )
At 30 November 2023 15,949 15,790 - 31,739
NET BOOK VALUE
At 30 November 2023 12,824 6,894 - 19,718
At 30 November 2022 15,701 8,926 34 24,661

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 497 450

PROCAD CONSULTANTS LIMITED (REGISTERED NUMBER: 03375581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors Loan Account 105,843 103,890
Accrued Expenses 502 500
106,345 104,390

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000