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REGISTERED NUMBER: 13090657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Promtech Systems Ltd

Promtech Systems Ltd (Registered number: 13090657)






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


Promtech Systems Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N T Andersson
H C Lawrence





REGISTERED OFFICE: 35 Arthur Martin Leake Way
High Cross
Ware
Hertfordshire
SG11 1BQ





REGISTERED NUMBER: 13090657 (England and Wales)





ACCOUNTANTS: NT Accountancy
Chartered Accountants
43 Lynton Mead
London
N20 8DG

Promtech Systems Ltd (Registered number: 13090657)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,317 5,197

CURRENT ASSETS
Debtors 5 6,924 26,383
Cash at bank 149,388 190,932
156,312 217,315
CREDITORS
Amounts falling due within one year 6 70,768 74,675
NET CURRENT ASSETS 85,544 142,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,861

147,837

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,761 147,737
SHAREHOLDERS' FUNDS 92,861 147,837

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.

Promtech Systems Ltd (Registered number: 13090657)

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 5 August 2024 and were signed on its behalf by:





N T Andersson - Director


Promtech Systems Ltd (Registered number: 13090657)

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

1. STATUTORY INFORMATION

Promtech Systems Ltd 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,895 5,230 7,125
Additions 1,980 2,365 4,345
At 31 December 2023 3,875 7,595 11,470
DEPRECIATION
At 1 January 2023 682 1,246 1,928
Charge for year 638 1,587 2,225
At 31 December 2023 1,320 2,833 4,153
NET BOOK VALUE
At 31 December 2023 2,555 4,762 7,317
At 31 December 2022 1,213 3,984 5,197

Promtech Systems Ltd (Registered number: 13090657)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 6,924 26,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 600 238
Corporation Tax 28,733 43,706
Social security and other taxes 9,238 24,014
Directors' current accounts 1,127 4,842
Accrued expenses 31,070 1,875
70,768 74,675