Procureus Ltd 15027950 false 2023-07-25 2024-07-31 2024-07-31 The principal activity of the company is retail. Digita Accounts Production Advanced 6.30.9574.0 true true 15027950 2023-07-25 2024-07-31 15027950 2024-07-31 15027950 core:RetainedEarningsAccumulatedLosses 2024-07-31 15027950 core:ShareCapital 2024-07-31 15027950 core:CurrentFinancialInstruments 2024-07-31 15027950 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 15027950 core:FurnitureFittingsToolsEquipment 2024-07-31 15027950 bus:SmallEntities 2023-07-25 2024-07-31 15027950 bus:AuditExemptWithAccountantsReport 2023-07-25 2024-07-31 15027950 bus:FullAccounts 2023-07-25 2024-07-31 15027950 bus:SmallCompaniesRegimeForAccounts 2023-07-25 2024-07-31 15027950 bus:RegisteredOffice 2023-07-25 2024-07-31 15027950 bus:CompanySecretaryDirector1 2023-07-25 2024-07-31 15027950 bus:PrivateLimitedCompanyLtd 2023-07-25 2024-07-31 15027950 core:FurnitureFittingsToolsEquipment 2023-07-25 2024-07-31 15027950 core:OfficeEquipment 2023-07-25 2024-07-31 15027950 countries:EnglandWales 2023-07-25 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 15027950

Procureus Ltd

Unaudited Financial Statements

for the Period from 25 July 2023 to 31 July 2024

 

Procureus Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Procureus Ltd

(Registration number: 15027950)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

815

Current assets

 

Debtors

5

300

Cash at bank and in hand

 

1,069

 

1,369

Creditors: Amounts falling due within one year

6

(9,156)

Net current liabilities

 

(7,787)

Net liabilities

 

(6,972)

Capital and reserves

 

Called up share capital

1

Retained earnings

(6,973)

Shareholders' deficit

 

(6,972)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2024
 

.........................................
Mr A Percival
Company secretary and director

 

Procureus Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Procureus Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Procureus Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,085

1,085

At 31 July 2024

1,085

1,085

Depreciation

Charge for the period

270

270

At 31 July 2024

270

270

Carrying amount

At 31 July 2024

815

815

5

Debtors

Current

2024
£

Prepayments

177

Other debtors

123

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,150

Other creditors

8,006

9,156