Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC224205 2023-04-01 2024-03-31 SC224205 2022-04-01 2023-03-31 SC224205 2024-03-31 SC224205 2023-03-31 SC224205 c:Director1 2023-04-01 2024-03-31 SC224205 c:Director2 2023-04-01 2024-03-31 SC224205 c:RegisteredOffice 2023-04-01 2024-03-31 SC224205 d:CurrentFinancialInstruments 2024-03-31 SC224205 d:CurrentFinancialInstruments 2023-03-31 SC224205 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC224205 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC224205 d:ShareCapital 2024-03-31 SC224205 d:ShareCapital 2023-03-31 SC224205 d:SharePremium 2024-03-31 SC224205 d:SharePremium 2023-03-31 SC224205 d:CapitalRedemptionReserve 2024-03-31 SC224205 d:CapitalRedemptionReserve 2023-03-31 SC224205 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC224205 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC224205 c:OrdinaryShareClass2 2023-04-01 2024-03-31 SC224205 c:OrdinaryShareClass2 2024-03-31 SC224205 c:OrdinaryShareClass2 2023-03-31 SC224205 c:OrdinaryShareClass3 2023-04-01 2024-03-31 SC224205 c:OrdinaryShareClass3 2024-03-31 SC224205 c:OrdinaryShareClass3 2023-03-31 SC224205 c:OrdinaryShareClass4 2023-04-01 2024-03-31 SC224205 c:OrdinaryShareClass4 2024-03-31 SC224205 c:OrdinaryShareClass4 2023-03-31 SC224205 c:FRS102 2023-04-01 2024-03-31 SC224205 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC224205 c:FullAccounts 2023-04-01 2024-03-31 SC224205 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC224205 2 2023-04-01 2024-03-31 SC224205 6 2023-04-01 2024-03-31 SC224205 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC224205










PROCESSPLUS GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
PROCESSPLUS GROUP LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs L Mcleod 
Mr S Sinclair 




REGISTERED NUMBER
SC224205



REGISTERED OFFICE
Unit 10 Dickson Street
Elgin Industrial Estate

KY12 7SL




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
PROCESSPLUS GROUP LIMITED
REGISTERED NUMBER:SC224205

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Investments
 4 
207,250
207,250

  
207,250
207,250

Current assets
  

Debtors: amounts falling due within one year
  
106,205
-

Cash at bank and in hand
  
500,650
500,000

  
606,855
500,000

Creditors: amounts falling due within one year
 6 
(1,303)
-

Net current assets
  
 
 
605,552
 
 
500,000

Total assets less current liabilities
  
812,802
707,250

  

Net assets
  
812,802
707,250


Capital and reserves
  

Called up share capital 
 7 
1,540
1,540

Share premium account
  
30,002
30,002

Capital redemption reserve
  
8,460
8,460

Profit and loss account
  
772,800
667,248

  
812,802
707,250


Page 1

 
PROCESSPLUS GROUP LIMITED
REGISTERED NUMBER:SC224205

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 July 2024.




Mr S Sinclair
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PROCESSPLUS GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Processplus Group Limited is a private company, limited by shares and incorporated in Scotland, registration number SC224205. The registered office address is Unit 10 Dickson Street, Elgin Industrial Estate, Dunfermline, Fife, KY12 7SL.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

EXEMPTION FROM PREPARING CONSOLIDATED FINANCIAL STATEMENTS

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

GOING CONCERN

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of appproval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PROCESSPLUS GROUP LIMITED
 

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

2.ACCOUNTING POLICIES (continued)

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
207,250



At 31 March 2024
207,250





5.


DEBTORS

2024
2023
£
£


Other debtors
106,205
-

106,205
-


Included within other debtors due within one year is a loan to Mr S Sinclair, a director, amounting to £106,205 (2023 - £NIL). Interest has been charged at the market rate. 




6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,303
-


Page 4

 
PROCESSPLUS GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary B shares of £1.00 each
1,000
1,000
270 (2023 - 270) Ordinary C shares of £1.00 each
270
270
270 (2023 - 270) Ordinary D shares of £1.00 each
270
270

1,540

1,540



Page 5