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REGISTERED NUMBER: 11432218 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Proicere Digital Ltd.

Proicere Digital Ltd. (Registered number: 11432218)






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


Proicere Digital Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K Dooner
D S Ashton





REGISTERED OFFICE: Studio C Ibis House
Ibis Court
Centre Park
Warrington
Cheshire
WA1 1RL





REGISTERED NUMBER: 11432218 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

Proicere Digital Ltd. (Registered number: 11432218)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,451 106,573

CURRENT ASSETS
Stocks - 140,129
Debtors 5 509,963 44,312
Cash at bank 219,737 106,883
729,700 291,324
CREDITORS
Amounts falling due within one year 6 550,993 376,691
NET CURRENT ASSETS/(LIABILITIES) 178,707 (85,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,158

21,206

CREDITORS
Amounts falling due after more than one
year

7

(204,189

)

(80,539

)

PROVISIONS FOR LIABILITIES 9 (27,613 ) -
NET ASSETS/(LIABILITIES) 57,356 (59,333 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 57,355 (59,334 )
SHAREHOLDERS' FUNDS 57,356 (59,333 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 27 September 2024 and were signed on its behalf by:




K Dooner - Director


Proicere Digital Ltd. (Registered number: 11432218)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Proicere Digital 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 15 (2023 - 11 ) .

Proicere Digital Ltd. (Registered number: 11432218)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 12,524 105,465 35,341 153,330
Additions 13,053 - 20,086 33,139
At 30 June 2024 25,577 105,465 55,427 186,469
DEPRECIATION
At 1 July 2023 5,775 26,366 14,616 46,757
Charge for year 3,190 18,269 7,802 29,261
At 30 June 2024 8,965 44,635 22,418 76,018
NET BOOK VALUE
At 30 June 2024 16,612 60,830 33,009 110,451
At 30 June 2023 6,749 79,099 20,725 106,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 437,276 28,532
Other debtors 72,687 15,780
509,963 44,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 17,375 -
Hire purchase contracts (see note 8) 14,187 13,361
Trade creditors 251,811 132,055
Taxation and social security 134,908 66,739
Other creditors 132,712 164,536
550,993 376,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 137,836 -
Hire purchase contracts (see note 8) 66,353 80,539
204,189 80,539

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,319 -

Proicere Digital Ltd. (Registered number: 11432218)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 14,187 13,361
Between one and five years 66,353 80,539
80,540 93,900

Non-cancellable operating leases
30.6.24 30.6.23
£    £   
Within one year 49,639 -
Between one and five years 178,449 -
In more than five years 161,328 -
389,416 -

The company has entered into a property lease for 10 years. Initial rental cost is £30,000 per annum rising by a minimum of 2% per annum.
The company has equipment leases for periods of 60 months and 36 months based on fixed costs over the period of the leases.

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 27,613 -

Deferred
tax
£   
Provided during year 27,613
Balance at 30 June 2024 27,613

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 July 2023 (59,334 )
Profit for the year 116,689
At 30 June 2024 57,355