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REGISTERED NUMBER: 04522785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Prosperis Limited

Prosperis Limited (Registered number: 04522785)






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


Prosperis Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N J P D Gunn
Mr P C Meehan





SECRETARY: Mrs K F Gunn





REGISTERED OFFICE: First Floor
Unit 9 St James Business Park
Knaresborough
North Yorkshire
HG5 8QB





REGISTERED NUMBER: 04522785 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Prosperis Limited (Registered number: 04522785)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 602,123 577,208
Tangible assets 6 14,835 26,431
616,958 603,639

CURRENT ASSETS
Debtors 7 966,706 624,225
Cash at bank and in hand 91,566 399,761
1,058,272 1,023,986
CREDITORS
Amounts falling due within one year 8 572,802 459,512
NET CURRENT ASSETS 485,470 564,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102,428

1,168,113

CREDITORS
Amounts falling due after more than one
year

9

(130,197

)

(222,317

)

PROVISIONS FOR LIABILITIES (791 ) (3,670 )
NET ASSETS 971,440 942,126

CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Retained earnings 771,440 742,126
SHAREHOLDERS' FUNDS 971,440 942,126

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.

Prosperis Limited (Registered number: 04522785)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr N J P D Gunn - Director


Prosperis Limited (Registered number: 04522785)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Prosperis 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Client lists, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years. Client lists, being the amounts paid in connection with the acquisition of businesses paid in 2016 and 2021, ,are being amortised evenly over their 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.
Short leasehold - Over the life of the lease straight line
Plant and machinery - 25% on cost straight line
Fixtures and fittings - 20% on cost straight line
Motor vehicles - Between 20% & 25% on cost straight line

All fixed assets are initially recorded at cost.

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.


Prosperis Limited (Registered number: 04522785)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

5. INTANGIBLE FIXED ASSETS
Client
lists
£   
COST
At 1 January 2023 933,886
Additions 108,249
At 31 December 2023 1,042,135
AMORTISATION
At 1 January 2023 356,678
Amortisation for year 83,334
At 31 December 2023 440,012
NET BOOK VALUE
At 31 December 2023 602,123
At 31 December 2022 577,208

Prosperis Limited (Registered number: 04522785)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 5,469 62,598 27,051 25,950 121,068
Additions - 1,199 - - 1,199
Disposals - (40,077 ) (27,051 ) - (67,128 )
At 31 December 2023 5,469 23,720 - 25,950 55,139
DEPRECIATION
At 1 January 2023 5,469 46,739 26,210 16,219 94,637
Charge for year - 6,007 841 5,947 12,795
Eliminated on disposal - (40,077 ) (27,051 ) - (67,128 )
At 31 December 2023 5,469 12,669 - 22,166 40,304
NET BOOK VALUE
At 31 December 2023 - 11,051 - 3,784 14,835
At 31 December 2022 - 15,859 841 9,731 26,431

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 126,815 157,055
Other debtors 839,891 467,170
966,706 624,225

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 92,124 87,641
Trade creditors 74,354 38,522
Taxation and social security 129,711 123,418
Other creditors 276,613 209,931
572,802 459,512

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 130,197 222,317

Prosperis Limited (Registered number: 04522785)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
106,000 Ordinary A £1 106,000 106,000
94,000 Ordinary B £1 94,000 94,000
200,000 200,000