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REGISTERED NUMBER: 13814008 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROCUREMENT CONSULTING LTD

PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PROCUREMENT CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S M Bloor
Ms J Connolly





REGISTERED OFFICE: 1 Fox Bank Close
Widnes
Cheshire
WA8 9DP





REGISTERED NUMBER: 13814008 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,144 1,134

CURRENT ASSETS
Debtors - 46,069
Cash at bank 4,328 29,716
4,328 75,785
CREDITORS
Amounts falling due within one year 33,203 21,843
NET CURRENT (LIABILITIES)/ASSETS (28,875 ) 53,942
TOTAL ASSETS LESS CURRENT LIABILITIES (27,731 ) 55,076

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (27,831 ) 54,976
SHAREHOLDERS' FUNDS (27,731 ) 55,076

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.

PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 September 2024 and were signed on its behalf by:





S M Bloor - Director


PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Procurement Consulting 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 - 33% on cost
Computer equipment - 33% on cost

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.

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.

PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Going concern
There was a net deficiency of assets of £27,731 at the balance sheet date, however the directors have
confirmed continued support and consider the company retains sufficient working capital to continue trading
for the foreseeable future.

The directors have confirmed the company won't repay the monies due to themselves until the company is in a position to do so.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,702
Additions 723
At 31 December 2023 2,425
DEPRECIATION
At 1 January 2023 568
Charge for year 713
At 31 December 2023 1,281
NET BOOK VALUE
At 31 December 2023 1,144
At 31 December 2022 1,134

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

PROCUREMENT CONSULTING LTD (REGISTERED NUMBER: 13814008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
S M Bloor
Balance outstanding at start of year 13,235 -
Amounts advanced 13,000 26,146
Amounts repaid (53,474 ) (12,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,239 ) 13,235

Ms J Connolly
Balance outstanding at start of year 10,024 -
Amounts advanced 31,000 20,024
Amounts repaid (45,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,976 ) 10,024