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REGISTERED NUMBER: 04418477 (England and Wales)















PROLOJIK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROLOJIK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Rodrigo
D E Y King
A M D Lester





REGISTERED OFFICE: Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





BUSINESS ADDRESS: Perspective House
7, Cliveden Office Village
Lancaster Road
High Wycombe
Buckinghamshire
HP12 3YZ





REGISTERED NUMBER: 04418477 (England and Wales)





AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,547 98,709

CURRENT ASSETS
Stocks 1,019,323 587,825
Debtors 5 1,000,033 902,734
Cash at bank 27,183 213,661
2,046,539 1,704,220
CREDITORS
Amounts falling due within one year 6 1,488,827 866,223
NET CURRENT ASSETS 557,712 837,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

675,259

936,706

CREDITORS
Amounts falling due after more than one
year

7

174,823

342,826
NET ASSETS 500,436 593,880

CAPITAL AND RESERVES
Called up share capital 35,113 37,616
Share premium 45,882 45,882
Capital redemption reserve 87,393 84,889
Retained earnings 332,048 425,493
SHAREHOLDERS' FUNDS 500,436 593,880

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 18 September 2024 and were signed on its behalf by:





A Rodrigo - Director


PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Prolojik 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
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 the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods. Turnover is shown net of value added tax, sales returns, rebates and discounts.

The company recognises revenue at the point of despatch or when the service is performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and current asset investments. All such instruments are measured initially and subsequently at the transaction price.
At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced is necessary. Any impairment is recognised in the profit and loss account.


PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 34 ) .

PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 210,852 50,866 83,102 344,820
Additions 31,198 2,531 8,617 42,346
At 30 June 2024 242,050 53,397 91,719 387,166
DEPRECIATION
At 1 July 2023 140,141 28,755 77,215 246,111
Charge for year 15,239 3,688 4,581 23,508
At 30 June 2024 155,380 32,443 81,796 269,619
NET BOOK VALUE
At 30 June 2024 86,670 20,954 9,923 117,547
At 30 June 2023 70,711 22,111 5,887 98,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 862,754 800,801
Other debtors 137,279 101,933
1,000,033 902,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 460,765 174,082
Trade creditors 454,276 337,128
Taxation and social security 284,832 262,101
Other creditors 288,954 92,912
1,488,827 866,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 174,823 342,826

PROLOJIK LIMITED (REGISTERED NUMBER: 04418477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 98,952 92,007
Between one and five years 214,312 285,556
313,264 377,563

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 285,537 -

HSBC Bank PLC hold fixed and floating charges over the assets of the company to the extent of any borrowings.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Paul Carter (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP