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Company Registration No. 09276636 (England and Wales)
TheProcurementCo Ltd Unaudited accounts for the year ended 31 March 2024
TheProcurementCo Ltd Unaudited accounts Contents
Page
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TheProcurementCo Ltd Company Information for the year ended 31 March 2024
Directors
Richard Frederick Wilcox Nicholas James Taplin
Secretary
Christina Wilcox
Company Number
09276636 (England and Wales)
Registered Office
JUBILEE FARM JUBILEE ROAD AXBRIDGE Somerset BS26 2DA ENGLAND
Accountants
Christina Wilcox Jubilee Farm Jubilee Road Axbridge Somerset BS26 2DA
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TheProcurementCo Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
552 
1,266 
Investments
50,000 
50,000 
50,552 
51,266 
Current assets
Debtors
240,310 
218,528 
Cash at bank and in hand
57,634 
32,545 
297,944 
251,073 
Creditors: amounts falling due within one year
(183,502)
(169,833)
Net current assets
114,442 
81,240 
Total assets less current liabilities
165,094 
132,606 
Creditors: amounts falling due after more than one year
(23,333)
(33,333)
Net assets
141,761 
99,273 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
141,661 
99,173 
Shareholders' funds
141,761 
99,273 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Richard Frederick Wilcox Director Company Registration No. 09276636
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TheProcurementCo Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TheProcurementCo Ltd is a private company, limited by shares, registered in England and Wales, registration number 09276636. The registered office is JUBILEE FARM, JUBILEE ROAD, AXBRIDGE, Somerset, BS26 2DA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line
Computer equipment
33% Straight line
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,098 
At 31 March 2024
7,098 
Depreciation
At 1 April 2023
5,832 
Charge for the year
714 
At 31 March 2024
6,546 
Net book value
At 31 March 2024
552 
At 31 March 2023
1,266 
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TheProcurementCo Ltd Notes to the Accounts for the year ended 31 March 2024
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
50,000 
Valuation at 31 March 2024
50,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,382 
37,983 
Accrued income and prepayments
206,928 
180,545 
240,310 
218,528 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,464 
32,396 
Trade creditors
1,000 
- 
Taxes and social security
137,805 
100,816 
Accruals
13,233 
36,621 
183,502 
169,833 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,333 
33,333 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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