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REGISTERED NUMBER: 04511470 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Proseal Essex Limited

Proseal Essex Limited (Registered number: 04511470)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Proseal Essex Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr P Loveday
Mrs G Kingham





REGISTERED OFFICE: 9 Palmers Avenue
Grays
Essex
RM17 5TX





REGISTERED NUMBER: 04511470 (England and Wales)





ACCOUNTANTS: Cooper & Co
9 Palmers Avenue
Grays
Essex
RM17 5TX

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Proseal Essex Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Proseal Essex Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Proseal Essex Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Proseal Essex Limited and state those matters that we have agreed to state to the Board of Directors of Proseal Essex Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Proseal Essex Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Proseal Essex Limited. You consider that Proseal Essex Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Proseal Essex Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper & Co
9 Palmers Avenue
Grays
Essex
RM17 5TX


21 August 2024

Proseal Essex Limited (Registered number: 04511470)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,614 5,547

CURRENT ASSETS
Stocks 1,585 475
Debtors 5 45,575 31,711
Cash at bank 46,195 15,729
93,355 47,915
CREDITORS
Amounts falling due within one year 6 42,159 11,283
NET CURRENT ASSETS 51,196 36,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,810

42,179

CREDITORS
Amounts falling due after more than
one year

7

(8,817

)

-

PROVISIONS FOR LIABILITIES (3,157 ) -
NET ASSETS 55,836 42,179

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 55,835 42,178
SHAREHOLDERS' FUNDS 55,836 42,179

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 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.

Proseal Essex Limited (Registered number: 04511470)

Balance Sheet - continued
30 November 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 21 August 2024 and were signed on its behalf by:





Mrs G Kingham - Director


Proseal Essex Limited (Registered number: 04511470)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Proseal Essex 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Proseal Essex Limited (Registered number: 04511470)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 25,474
Additions 13,739
At 30 November 2023 39,213
DEPRECIATION
At 1 December 2022 19,928
Charge for year 2,671
At 30 November 2023 22,599
NET BOOK VALUE
At 30 November 2023 16,614
At 30 November 2022 5,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 15,179 23,771
Other debtors 30,396 7,940
45,575 31,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 3,112 -
Trade creditors 1,933 1,774
Taxation and social security 19,831 7,081
Other creditors 17,283 2,428
42,159 11,283

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 8,817 -

Proseal Essex Limited (Registered number: 04511470)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. RESERVES
Retained
earnings
£   

At 1 December 2022 42,178
Profit for the year 37,557
Dividends (23,900 )
At 30 November 2023 55,835