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REGISTERED NUMBER: 07988508 (England and Wales)















PRO-CREATIVE DIAGNOSTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRO-CREATIVE DIAGNOSTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr M J Tomlinson
Dr A Naeem





REGISTERED OFFICE: Laundry Cottage
Bag Lane
Marchington
Staffordshire
ST14 8NY





REGISTERED NUMBER: 07988508 (England and Wales)

PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,095 7,455

CURRENT ASSETS
Stocks 2,123 2,123
Debtors 5 800 1,582
Cash at bank 14,285 19,885
17,208 23,590
CREDITORS
Amounts falling due within one year 6 (7,456 ) (8,401 )
NET CURRENT ASSETS 9,752 15,189
TOTAL ASSETS LESS CURRENT LIABILITIES 13,847 22,644

PROVISIONS FOR LIABILITIES (778 ) (1,417 )
NET ASSETS 13,069 21,227

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 12,969 21,127
SHAREHOLDERS' FUNDS 13,069 21,227

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.

PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Dr M J Tomlinson - Director


PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

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


1. STATUTORY INFORMATION

Pro-creative Diagnostics 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover relates to the sale of desktop computers or laptops with the Computer Assisted Semen Analysis System pre-installed, microscopes and cameras. Turnover from the sale of these goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of the goods.

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
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.


PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

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


2. ACCOUNTING POLICIES - continued
Tax
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 26,049
Additions 2,390
At 31 March 2024 28,439
DEPRECIATION
At 1 April 2023 18,594
Charge for year 5,750
At 31 March 2024 24,344
NET BOOK VALUE
At 31 March 2024 4,095
At 31 March 2023 7,455

PRO-CREATIVE DIAGNOSTICS LIMITED (REGISTERED NUMBER: 07988508)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8 8
Directors' loan accounts - 1,421
Tax 605 -
Prepayments 187 153
800 1,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,351
Other creditors 92 92
Directors' current accounts 5,467 5,182
Accrued expenses 1,897 1,776
7,456 8,401

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr M J Tomlinson
Balance outstanding at start of year 1,421 1,252
Amounts advanced 6,001 1,011
Amounts repaid (7,422 ) (842 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,421

The director's loan has been provided interest free and is repayable on demand.